Albertsons (NYSE: ACI) reported Q2 EPS of $0.64, $0.20 better than the analyst estimate of $0.44. Revenue for the quarter came in at $16.5 billion versus the consensus estimate of $15.72 billion.

GUIDANCE:

Albertsons sees FY2021 EPS of $2.50-$2.60, versus the consensus of $2.28.

• Identical sales in fiscal 2021 in the range of (2.5%) to (3.5%) (previously (5%) to (6%)), representing two-year stacked growth of 13.4% to 14.4% (previously 10.9% to 11.9%)
• Adjusted net income per Class A common share in the range of $2.50 to $2.60 per share (previously $2.20 to $2.30 per share)
• Adjusted EBITDA in the range of $3.950 billion to $4.050 billion (previously $3.7 billion to $3.8 billion)
• Effective tax rate in the range of 23% to 24% (previously 25%)
• 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.