Tuesday, January 16, 2024

Albertsons Companies Q3 Profit Beats Estimates; Identical Sales Up 2.9%

Albertsons Companies, Inc. (ACI) reported third quarter net income of $361.4 million, or $0.62 per share, compared to $375.5 million, or $0.20 per share, a year ago. Adjusted net income was $462.3 million, or $0.79 per share, compared to $505.1 million, or $0.87 per share, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit share of $0.66, for the quarter. Analysts' estimates typically exclude special items.

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