"We are a stronger company today than pre-merger, and our operational initiatives affirm our confidence in future performance."
— Sharon McCollam
03Detailed Report
ACI
Albertsons Companies Inc
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 29, 2026
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Executive Summary
For Q3 2024, Albertsons Companies Inc (ACI) posted a revenue of approximately $18.77 billion, reflecting a 1.17% increase YoY and a 1.20% increase QoQ. The net income stood at $400.6 million, showcasing a 10.85% YoY growth. The company's performance indicates solid management execution despite a cautious consumer environment and competitive pressures. Particularly notable was the 23% surge in digital sales, showcasing effective investment in e-commerce capabilities. Management underscored that while the merger was terminated, ongoing investments in their 'Customers for Life' strategy and digital platforms remain paramount.
Key Performance Indicators
Revenue
Increasing
18.77B
QoQ: 1.20% | YoY: 1.17%
Gross Profit
Increasing
5.25B
27.94% margin
QoQ: 2.44% | YoY: 0.94%
Operating Income
Decreasing
518.50M
QoQ: 77.57% | YoY: -19.39%
Net Income
Increasing
400.60M
QoQ: 175.33% | YoY: 10.85%
EPS
Increasing
0.69
QoQ: 176.00% | YoY: 9.52%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $18.77 billion (YoY +1.17%, QoQ +1.20%)
- Net Income: $400.6 million (YoY +10.85%, QoQ +175.33%)
- Adjusted EBITDA: $1.065 billion (YoY -3.8%)
- Adjusted EPS: $0.71 (YoY -10.13%)
- Digital Sales Growth: +23% YoY
- Gross Margin: 27.9% (excluding fuel and LIFO, down 27 bps YoY)
- Operating Expenses: 25.1% of revenue
Management attributed revenue growth primarily to a 13% increase in pharmacy sales and robust growth from digital channels, countering inflationary cost pressures and operational challenges.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
18.77B
1.17%
1.20%
Gross Profit
5.25B
0.94%
2.44%
Operating Income
518.50M
-19.39%
77.57%
Net Income
400.60M
10.85%
175.33%
EPS
0.69
9.52%
176.00%
Key Financial Ratios
Gross Profit Margin
Fair
27.90%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
2.76%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
2.13%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
1.50%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
11.90%
Return on equity is acceptable but below top-tier companies
Current Ratio
Concern
0.93
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
4.22
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
7.17x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Premium
3.41x
Trading at premium to book value, reflects strong intangibles or growth
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