Albertsons Companies Inc

Latest Results (13.11.2025):

Albertsons Companies Inc reported its financial results for the third quarter of fiscal 2024, which ended November 30, 2024. The company achieved a 2.0% increase in identical sales alongside a significant 23% rise in digital sales, contributing to a net income of $401 million (or $0.69 per share) and adjusted net income of $420 million (or $0.71 per share). With an adjusted EBITDA of $1,065 million and a 25% increase in its quarterly common stock dividend, Albertsons outlined its strong performance amidst challenges, while also updating its fiscal 2024 outlook and addressing the termination of its merger with Kroger.

Sales & Digital Growth

In Q3 fiscal 2024, Albertsons Companies Inc saw a 2.0% increase in identical sales and an impressive 23% rise in digital sales, with loyalty membership growing 15% to reach 44.3 million members.

Profitability Highlights

The company delivered a net income of $401 million ($0.69 per share) and adjusted net income of $420 million ($0.71 per share), complemented by an adjusted EBITDA of $1,065 million, despite facing slight margin pressures from increased digital-related costs.

Dividend Increase & Capital Investments

Albertsons increased its quarterly common stock dividend by 25% to $0.15 per share and invested significantly in remodels, new store openings, and digital technology, reflecting its commitment to long-term growth and shareholder returns.

Expense Management & Tax Benefits

While selling and administrative expenses showed a modest increase due to merger-related and occupancy costs, the effective tax rate dropped notably, driven by discrete state income tax benefits resulting in a favorable impact on net income.

Outlook & Merger Update

Looking forward, Albertsons Companies Inc updated its fiscal 2024 guidance with stability in sales and EBITDA expectations. The company also terminated its merger agreement with Kroger following legal injunctions, and it has initiated litigation to seek the agreed termination fee.