Albertsons (NYSE: ACI) reported Q3 EPS of $0.79, $0.21 better than the analyst estimate of $0.58. Revenue for the quarter came in at $16.7 billion versus the consensus estimate of $16.03 billion.

GUIDANCE:

Albertsons sees FY2021 EPS of $2.90-$2.95, versus the consensus of $2.61.

• Identical sales in fiscal 2021 in the range of (0.8%) to (1.2%) (previously (2.5%) to (3.5%)), representing two-year stacked growth of 15.7% to 16.1% (previously 13.4% to 14.4%)
• Adjusted EBITDA in the range of $4.25 billion to $4.30 billion (previously $3.95 billion to $4.05 billion)
• Adjusted net income per Class A common share in the range of $2.90 to $2.95 per share (previously $2.50 to $2.60 per share)
• Effective tax rate in the range of 22.5% to 23.5% (previously 23% to 24%)
• Capital expenditures in the range of $1.8 billion to $1.9 billion (previously $1.9 billion to $2.0 billion)

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