Albertsons (ACI) Tops Q3 EPS by 35c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
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Albertsons Companies, Inc. Reports Second Quarter Results
October 20, 2020 7:30 AM EDT
Provides Fiscal 2020 Outlook
Outlines Capital Allocation Strategy and Common Stock Repurchase Program
BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2020, which ended September 12, 2020.
Second Quarter of Fiscal 2020 Highlights
Identical sales growth of 13.8% Digital sales growth of 243% Diluted net income per share of $0.49; Adjusted net income per share of $0.60 Net income of $284.5 million Adjusted EBITDA of $948.4 million, an increase of 67% compared to the... More