The earnings call presented a mix of positive growth in digital sales, loyalty program expansion, and pharmacy sales, alongside challenges such as merger termination and gross margin declines. The strong balance sheet and productivity initiatives offer future optimism but were offset by some financial pressures and the broader market slowdown.

Company Guidance

During the Albertsons Companies Third Quarter 2024 Earnings Conference Call, the company provided updated guidance for fiscal 2024, reflecting adjustments in several key metrics. The identical sales growth is now projected to be between 1.8% to 2%, slightly narrowed from the previous range of 1.8% to 2.2%. However, the company raised its adjusted EBITDA forecast to a range of $3.95 billion to $3.99 billion, up from $3.90 billion to $3.98 billion, driven by ongoing productivity improvements. The adjusted earnings per share (EPS) outlook was increased to $2.25 to $2.31 from the prior range, reflecting the adjusted EBITDA increase. The full-year tax rate is expected to be between 15% to 16%, benefiting from an $81 million discrete state income tax settlement. Capital expenditures remain unchanged, projected to be between $1.8 billion to $1.9 billion. The company emphasized its commitment to reinvesting in growth while also maintaining shareholder returns through dividends and a $2 billion share repurchase authorization.

Digital Sales Growth

Digital sales increased by 23%, driven by strong growth in first-party sales and innovations in digital offerings.

Loyalty Program Expansion

Loyalty members increased by 15% to 44.3 million, with enhanced engagement and customer spend.

Dividend Increase

Quarterly dividend increased by 25% to $0.15 per share.

Pharmacy Sales Surge

Pharmacy sales increased by 13%, with high penetration driven by core script growth and service excellence.

Strong Balance Sheet

Net debt leverage at the end of the third quarter was 1.9 times, indicating a strong balance sheet.

Productivity Initiatives

Plans to deliver $1.5 billion in savings over three years to fuel growth and offset inflationary headwinds.

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Albertsons Companies (ACI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ACI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2018	2018 (Q2)	- / -0.07	-0.742	90.84% (+0.67)	―	―
Jan 14, 2019	2018 (Q3)	- / 0.10	―	―	―	―
Apr 24, 2019	2018 (Q4)	- / 0.28	0.811	-65.10% (-0.53)	―	―
Jul 24, 2019	2019 (Q1)	- / 0.10	-0.037	375.68% (+0.14)	―	―
Oct 16, 2019	2019 (Q2)	- / 0.61	-0.068	1004.41% (+0.68)	―	―
Jan 07, 2020	2019 (Q3)	- / 0.11	0.095	20.00% (+0.02)	―	―
Apr 30, 2020	2019 (Q4)	- / 0.28	0.283	-1.06% (>-0.01)	―	―
Jul 27, 2020	2020 (Q1)	- / 1.35	0.102	1223.53% (+1.25)	―	―
Oct 20, 2020	2020 (Q2)	- / 0.60	0.615	-2.44% (-0.02)	―	―
Jan 12, 2021	2020 (Q3)	- / 0.66	0.114	478.95% (+0.55)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ACI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 08, 2025	$19.57	$19.73	+0.82%
Oct 15, 2024	$18.00	$18.19	+1.06%
Jul 23, 2024	$19.54	$19.81	+1.38%
Apr 22, 2024	$19.83	$19.71	-0.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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