(Corrects identical sales growth to 2.1%, from 2.2%, in Key
Details table)
Overview
* Albertsons ( ACI ) fiscal Q2 rev grows 2%, beating analyst
expectations
* Adjusted EPS for fiscal Q2 rises to $0.44, reflecting
improved
operational performance
* Company announces $750 mln accelerated share repurchase
agreement, indicating confidence in business value
Outlook
* Albertsons ( ACI ) raises fiscal 2025 identical sales growth
forecast to
2.2%-2.75%
* Albertsons ( ACI ) increases fiscal 2025 adjusted EPS outlook to
$2.06-$2.19
* Albertsons ( ACI ) maintains fiscal 2025 adjusted EBITDA forecast
at
$3.8 bln-$3.9 bln
Result Drivers
* PHARMACY SALES - Strong growth in pharmacy sales was a
primary
driver of the 2.2% increase in identical sales
* DIGITAL SALES - Digital sales increased by 23%, reflecting
enhanced customer engagement
* PRODUCTIVITY INITIATIVES - Productivity measures offset
inflationary pressures, funding investments in fresh categories
and convenience
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Beat $18.91 $18.89
Revenue bln bln (16
Analysts
)
Q2 $0.44
ADJUSTED
EPS
Q2 EPS $0.30
Q2 $248.40
ADJUSTED mln
NET
INCOME
Q2 $848.40
ADJUSTED mln
EBITDA
Q2 $0.15
Dividend
Q2 2.1%
IDENTICA
L SALES
GROWTH
Q2 $295.30
OPERATIN mln
G INCOME
Q2 $219.70
PRETAX mln
PROFIT
Analyst Coverage
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy", 9
"hold" and 1 "sell" or "strong sell"
* The average consensus recommendation for the food retail &
distribution peer group is "buy"
* Wall Street's median 12-month price target for Albertsons
Companies Inc ( ACI ) is $24.00, about 29.4% above its October 13
closing price of $16.95
* The stock recently traded at 8 times the next 12-month
earnings
vs. a P/E of 10 three months ago
Press Release:
For questions concerning the data in this report, contact
[email protected]. For any other questions or feedback,
contact .
(This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)