Bulletin
Investor Alert

Market Pulse Archives

Jan. 11, 2022, 7:50 a.m. EST

Albertsons beats expectations, raises guidance

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Albertsons Cos. Inc. (ACI)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Albertsons Cos. Inc. /zigman2/quotes/209620932/composite ACI -2.17% shares jumped 5.6% in Tuesday premarket trading after the grocer reported fiscal third-quarter results that beat the Street and raised its full-year outlook. Net income totaled $424.5 million, or 74 cents per share, up from $123.7 million, or 20 cents per share, last year. Adjusted EPS of 79 cents blew past the FactSet consensus for 61 cents. Revenue of $16.728 billion was up from $15.409 billion last year also ahead of the FactSet consensus for $16.378 billion. Identical sales rose 5.2%, ahead of the FactSet consensus for 1.4% growth. Albertsons now expects full-year identical sales in the range of a 0.8% decline to a 1.2% decline, versus previous guidance for a decrease of 2.5% to 3.5%. And adjusted EPS is expected to be in the range of $2.90 to $2.95, up from $2.50 to $2.60. The FactSet consensus is for an identical sales decline of 2.5% and EPS of $2.63. Albertsons stock has soared 90.5% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.02% has gained nearly 23%.

/zigman2/quotes/209620932/composite
US : U.S.: NYSE
$ 29.24
-0.65 -2.17%
Volume: 2.88M
May 17, 2022 4:04p
P/E Ratio
10.95
Dividend Yield
1.64%
Market Cap
$15.17 billion
Rev. per Employee
$247,886
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,088.85
+80.84 +2.02%
Volume: 2.46B
May 17, 2022 4:54p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.