Albertsons (ACI) reported Q1 EPS of $1.00, $0.07 better than the analyst estimate of $0.93. Revenue for the quarter came in at $23.3 billion versus the consensus estimate of $22.82 billion.
GUIDANCE:
Albertsons sees FY2022 EPS of $2.80-$2.95, versus the consensus of $2.85.
- Identical sales in fiscal 2022 of approximately 3% to 4% (previously 2% to 3%)
- Adjusted EBITDA in the range of $4.25 billion to $4.35 billion (previously $4.15 billion to $4.25 billion)
- Adjusted net income per share in the range of $2.80 to $2.95 per share (previously $2.70 to $2.85 per share)
- Effective tax rate in the range of 23% to 24% excluding discrete items (unchanged)
- Capital expenditures in the range of $2.0 billion to $2.1 billion (unchanged)