Albertsons' Fiscal Q2 Adjusted Net Income, Sales Fall; Expects to Complete Business Review in Q4

MT Newswires Live
2 hours ago

Albertsons (ACI) reported a fiscal Q2 adjusted net income Tuesday of $0.36 per diluted share, down from $0.44 a year earlier.

Analysts polled by FactSet expected $0.33.

Net sales and other revenue for the quarter ended Sept. 12 were $18.89 billion, compared with $18.92 billion a year earlier.

Analysts projected $18.87 billion.

Albertsons said it is reviewing its customer strategy, cost structure, operating model, portfolio of banners, markets assets and businesses, and capital allocation priorities, and is no longer providing a fiscal year outlook until the comprehensive business review is completed during Q4.

The company also said its next quarterly dividend payment of $0.17 per share will be paid on Nov. 6 to stockholders of record as of Oct. 23.

Shares of the company were down more than 2% pre-bell Tuesday.

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