NYSE$ACI
Albertsons Cos Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported solid operating and financial performance driven by investments in the Customers for Life strategy.
Albertsons Companies, Inc. reported a 1.2% increase in net sales to $18.77 billion for the third quarter of fiscal 2024. Identical sales increased by 2.0%, driven by strong pharmacy sales, and digital sales grew by 23%. Net income was $400.6 million, or $0.69 per share, while adjusted net income was $420.3 million, or $0.71 per share.
- Identical sales increased 2.0%.
- Digital sales increased 23%.
- Loyalty members increased 15% to 44.3 million.
- Net income of $401 million, or $0.69 per share.
Headline financials
Revenue & EPS history
Albertsons · Revenue · Quarterly
$18.8B
Forward guidance
The Company is providing an updated fiscal 2024 outlook and expects its financial results to be as follows:
Tailwinds
- Identical sales growth in the range of 1.8% to 2.0% (previously 1.8% to 2.2%)
- Adjusted EBITDA in the range of $3.95 billion to $3.99 billion (previously $3.90 billion to $3.98 billion)
- Adjusted net income per Class A common share in the range of $2.25 to $2.31 per share (previously $2.20 to $2.30 per share)
- Effective income tax rate in the range of 15% to 16% (previously 23%)
- Capital expenditures in the range of $1.8 billion to $1.9 billion (unchanged)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 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 |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| 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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