by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
by Mike Duff | May 19, 2023 | Retail Articles
As it works to complete its merger with The Kroger Co., Albertsons Cos. has announced that Tom Moriarty will join the company as executive vice president and general counsel, effective June 5. Prior to accepting the Albertsons position, Moriarty served at CVS Health,...
by Mike Duff | Jan 10, 2023 | Retail Articles
As it continues pursuing a merger with The Kroger Co., Albertsons Cos. beat Wall Street estimates for third-quarter adjusted earnings and revenue. Net income was $375.5 million, or 20 cents per diluted share, versus $424.5 million, or 74 cents per share diluted share...
by Mike Duff | Oct 19, 2022 | Retail Articles
With the blockbuster announcement that the company is preparing to merge with The Kroger Co.just days behind it, Albertsons Cos. announced identical store sales and earning advances in the second quarter. Net income was $342.7 million, or 59 cents per diluted share,...
by Mike Duff | Jul 27, 2022 | Retail Articles
In a quarter when shoppers shifted to food and consumable purchasing under the pressure of inflation, Albertsons Cos. posted satisfying sales and earnings, beating Wall Street estimates. Net income was $484.2 million, or 84 cents per share, versus $444.8 million, or...
