NYSE$ACI
Albertsons Cos Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong growth in digital sales and pharmacy operations, driven by investments in the Customers for Life strategy.
Albertsons Companies, Inc. reported second quarter fiscal 2024 results with a net sales and other revenue of $18.6 billion, a 2.5% increase in identical sales, and a 24% increase in digital sales. Net income was $146 million, or $0.25 per share, and adjusted net income was $301 million, or $0.51 per share.
- Identical sales increased 2.5%.
- Digital sales increased 24%.
- Loyalty members increased 15% to 43.0 million.
- Net income of $146 million, or $0.25 per share.
Headline financials
Revenue & EPS history
Albertsons · Revenue · Quarterly
$18.6B
Forward guidance
As we look ahead to the balance of fiscal 2024, we expect to see continuing headwinds related to investments in associate wages and benefits, an increasing mix of our pharmacy and digital businesses which carry lower margins, and an increasingly competitive backdrop. We expect these headwinds to be partially offset by ongoing and new productivity initiatives.
Tailwinds
- Ongoing productivity initiatives
- New productivity initiatives
Headwinds
- Continuing headwinds related to investments in associate wages and benefits
- An increasing mix of our pharmacy and digital businesses which carry lower margins
- An increasingly competitive backdrop
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.1%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+13.7%
Q2 2026
Best reaction
-7.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.3% | -1.3% | — | |
| Q3 2026 | -6.0% | +0.6% | +5.7% | |
| Q2 2026 | +13.7% | +16.5% | +6.0% | |
| Q1 2025 | -0.1% | -0.4% | -2.2% | |
| Q4 2024 | -7.6% | +0.6% | +1.5% | |
| Q3 2024 | +1.2% | +4.8% | +5.9% | |
| Q2 2024 | +0.3% | +4.1% | +4.6% | |
| Q1 2024 | +1.3% | +2.6% | +4.1% | |
| Q4 2023 | -0.1% | -1.1% | +1.3% | |
| Q3 2023 | +0.3% | -1.2% | -7.1% | |
| Q2 2023 | +0.2% | -1.0% | -6.8% | |
| Q1 2023 | -1.8% | -1.8% | +0.2% | |
| Q4 2022 | -2.7% | -2.5% | -4.0% | |
| Q3 2022 | +2.3% | +2.0% | +1.1% | |
| Q2 2022 | +2.9% | -20.2% | -22.0% | |
| Q1 2022 | +0.7% | +1.6% | +7.6% | |
| Q4 2021 | -4.6% | -6.8% | -13.8% | |
| Q3 2021 | -7.1% | -3.0% | -10.5% | |
| Q2 2021 | -0.9% | +7.9% | +19.4% | |
| Q1 2021 | +4.2% | +12.9% | +37.0% | |
| Q4 2020 | -5.6% | -3.2% | -2.0% | |
| Q3 2020 | +2.2% | +3.2% | -0.8% | |
| Q2 2020 | +4.2% | +3.1% | +9.5% | |
| Q1 2020 | -6.3% | -7.8% | -8.8% | |
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