"Our team is adapting to the evolving consumer landscape, ensuring that we remain competitive in pricing and customer service."
— CEO
03Detailed Report
ACI
Albertsons Companies Inc
Period
Q2 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 29, 2026
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Executive Summary
Albertsons Companies Inc. reported a challenging Q2 2024, with total revenue of $18.55 billion, marking a decrease of 23.55% from the previous quarter yet a slight increase of 1.43% year-over-year. While the gross profit rose to $5.12 billion representing a 1.58% year-over-year gain, operating income witnessed a significant decline of 37.29% compared to the prior year’s quarter. Management attributed this underperformance to the current inflationary environment and ongoing supply chain pressures. However, initiatives to enhance operational efficiency and customer experience were emphasized as means to navigate these turbulent market conditions.
Key Performance Indicators
Revenue
Increasing
18.55B
QoQ: -23.55% | YoY: 1.43%
Gross Profit
Increasing
5.12B
27.61% margin
QoQ: -24.00% | YoY: 1.58%
Operating Income
Decreasing
292.00M
QoQ: -36.47% | YoY: -37.29%
Net Income
Decreasing
145.50M
QoQ: -39.55% | YoY: -45.49%
EPS
Decreasing
0.25
QoQ: -40.48% | YoY: -45.65%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance:
- Q2 2024 Revenue: $18.55 billion, down 23.55% from Q1 2024 but up 1.43% year-over-year.
- Gross Profit: $5.12 billion with a gross profit margin of 27.61%, indicating pricing power but reflecting rising cost pressures.
- Net Income: $145.5 million, a decrease of 39.55% quarter-over-quarter and 45.49% year-over-year, translating to an EPS of $0.25.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
18.55B
1.43%
-23.55%
Gross Profit
5.12B
1.58%
-24.00%
Operating Income
292.00M
-37.29%
-36.47%
Net Income
145.50M
-45.49%
-39.55%
EPS
0.25
-45.65%
-40.48%
Key Financial Ratios
Gross Profit Margin
Fair
27.60%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
1.57%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
0.78%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
0.55%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
4.82%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.90
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
4.70
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Fair Value
18.36x
P/E ratio in line with market averages
Price to Book
Premium
3.54x
Trading at premium to book value, reflects strong intangibles or growth
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