Albertsons reports Q3 adjusted EPS 71c, consensus 65c

Reports Q3 revenue $18.77B, consensus $18.85B. Identical sales increased 2% in Q3. Digital sales increased 23% in Q3. Loyalty members increased 15% to 44.3M. “We delivered solid operating and financial performance in the third quarter of fiscal 2024 in an environment where the consumer remains cautious,” said Vivek Sankaran, CEO. “Investments in our Customers for Life strategy drove increased digital engagement across our platforms, evidenced by strong growth in our digital sales, pharmacy operations, and membership in our loyalty program. We want to thank our teams for their ongoing commitment to serving our customers and supporting the communities in which we operate, especially during the holiday season.”