Albertsons (NYSE: ACI) reported Q1 EPS of $0.89, $0.22 better than the analyst estimate of $0.67. Revenue for the quarter came in at $21.3 billion versus the consensus estimate of $20.3 billion.

GUIDANCE:

Albertsons sees FY2021 EPS of $2.20-$2.30, versus the consensus of $1.98.

• Identical sales in fiscal 2021 in the range of (5%) to (6%) (previously approximately (6%) to (7.5%)), representing two-year stacked growth of 10.9% to 11.9% (previously 9.4% to 10.9%)
• Adjusted net income per Class A common share in the range of $2.20 to $2.30 per share (previously $1.95 to $2.05 per share)
• Adjusted EBITDA in the range of $3.7 billion to $3.8 billion (previously $3.5 billion to $3.6 billion)
• Effective tax rate to be approximately 25% excluding discrete items (unchanged)
• Capital expenditures in the range of $1.9 billion to $2.0 billion (unchanged)

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