Albertsons (ACI) Tops Q3 EPS by 24c

Albertsons (NYSE: ACI) reported Q3 EPS of $0.66, $0.24 better than the analyst estimate of $0.42. Revenue for the quarter came in at $15.4 billion versus the consensus estimate of $15.32 billion.

GUIDANCE:

Albertsons sees FY2020 EPS of $3.05-$3.15, versus the consensus of $2.78.

• Identical sales in fiscal 2020 of approximately 16.5% (previously at least 15.5%)
• Adjusted EPS in the range of $3.05 per share to $3.15 per share (previously $2.75 per share to $2.85 per share)
• Adjusted EBITDA in the range of $4.4 billion to $4.5 billion (previously $4.15 billion to $4.25 billion)
• Effective tax rate to be approximately 25% excluding discrete items (unchanged)
• Capital expenditures in the range of $1.65 billion to $1.75 billion (previously $1.9 billion, due to a timing shift between fiscal 2020 and fiscal 2021)

For earnings history and earnings-related data on Albertsons (ACI) click here.

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