Albertsons Companies (NYSE:ACI) Full Year 2023 Results
Key Financial Results
Revenue: US$77.6b (up 8.0% from FY 2022).
Net income: US$1.21b (down 5.7% from FY 2022).
Profit margin: 1.6% (down from 1.8% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$2.29 (down from US$2.73 in FY 2022).
ACI Sales Performance
Like-for-like sales growth: 6.9% vs FY 2022.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Albertsons Companies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in the US.
The company's share price is broadly unchanged from a week ago.
It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Albertsons Companies, and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here