(Updated - April 26, 2021 7:35 AM EDT)

Albertsons (NYSE: ACI) reported Q4 EPS of $0.60, $0.09 better than the analyst estimate of $0.51. Revenue for the quarter came in at $15.8 billion versus the consensus estimate of $15.63 billion.

Fourth Quarter 2020 Highlights

• Identical sales growth of 11.8%
• Digital sales growth of 282%
• Net loss per Class A common share of ($0.37); Adjusted Net Income Per Class A Common Share of $0.60
• Net loss of ($144 million); Adjusted Net Income of $347 million
• Adjusted EBITDA of $917 million

"We are very proud of what our team accomplished in fiscal 2020, serving our customers and communities throughout the COVID-19 pandemic," said Vivek Sankaran, President & CEO. "As a result of our strong execution, we delivered record full-year results, drove meaningful market share gains and are well positioned for continued success and strong performance in fiscal 2021.

"We have made substantial progress against our strategic priorities, and are still in the early innings of our transformation journey. Looking ahead, we remain committed to further strengthening our relationships with our customers, offering a superior shopping experience and generating value for all stakeholders."

GUIDANCE:

Albertsons sees FY2021 EPS of $1.95-$2.05, versus the consensus of $1.87.

The Company is providing its fiscal 2021 outlook as follows:

• Identical sales in fiscal 2021 of approximately (6%) to (7.5%), representing two-year stacked growth of 9.4% to 10.9%
• Adjusted Net Income Per Class A Common Share in the range of $1.95 per share to $2.05 per share, representing compound annual growth of 37% to 40% compared to fiscal 2019
• Adjusted EBITDA in the range of $3.5 billion to $3.6 billion, representing compound annual growth of 12% to 14% compared to fiscal 2019
• Effective tax rate to be approximately 25% excluding discrete items
• Capital expenditures in the range of $1.9 billion to $2.0 billion

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