Albertsons Companies Q1 EPS $0.93 Beats $0.85 Estimate, Sales $24.05B Beat $23.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies (NYSE:ACI) reported Q1 earnings of $0.93 per share, beating the analyst consensus estimate of $0.85 by 9.41%. However, this is a 7% decrease from the same period last year. The company also reported quarterly sales of $24.05 billion, beating the estimate of $23.95 billion by 0.42%, and marking a 3.18% increase from the same period last year.
July 25, 2023 | 12:31 pm
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Albertsons Companies reported better than expected Q1 earnings and sales. However, earnings per share decreased by 7% compared to the same period last year.
Albertsons Companies reported Q1 earnings and sales that beat estimates, which is generally positive for the stock. However, the 7% YoY decrease in earnings per share might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100