Albertsons (ACI) Tops Q1 EPS by 7c, Offers Guidance

Albertsons (NYSE: ACI) reported Q1 EPS of $1.00, $0.07 better than the analyst estimate of $0.93. Revenue for the quarter came in at $23.3 billion versus the consensus estimate of $22.82 billion.

GUIDANCE:

Albertsons sees FY2022 EPS of $2.80-$2.95, versus the consensus of $2.85.

• Identical sales in fiscal 2022 of approximately 3% to 4% (previously 2% to 3%)
• Adjusted EBITDA in the range of $4.25 billion to $4.35 billion (previously $4.15 billion to $4.25 billion)
• Adjusted net income per share in the range of $2.80 to $2.95 per share (previously $2.70 to $2.85 per share)
• Effective tax rate in the range of 23% to 24% excluding discrete items (unchanged)
• Capital expenditures in the range of $2.0 billion to $2.1 billion (unchanged)

For earnings history and earnings-related data on Albertsons (ACI) click here.

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