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Monday, October 18, 2021

Albertsons (ACI) reported earnings on Mon 18 Oct 21 (b/o)

 ** charts after earnings **




Albertsons increases quarterly dividend to $0.12/share from $0.10/share

Albertsons beats by $0.19, beats on revs; raises FY22 EPS above consensus
  • Reports Q2 (Aug) earnings of $0.64 per share, $0.19 better than the S&P Capital IQ Consensus of $0.45; revenues rose 4.7% year/year to $16.51 bln vs the $15.85 bln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY22, sees EPS of 2.50-2.60 vs. $2.33 S&P Capital IQ Consensus (previously $2.20 to $2.30 per share).
    • Identical sales in fiscal 2021 in the range of (2.5%) to (3.5%) (previously (5%) to (6%)), representing two-year stacked growth of 13.4% to 14.4% (previously 10.9% to 11.9%)

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