Albertsons Companies Q4 Adj $0.54 Beats $0.52 Estimate, Sales $18.34B Miss $18.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies (ACI) reported Q4 adjusted earnings of $0.54 per share, surpassing the $0.52 estimate, but saw a 31.65% decrease from last year's $0.79. Sales reached $18.34B, slightly missing the $18.47B estimate but marking a 0.41% increase from the previous year.

April 22, 2024 | 12:33 pm
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Albertsons Companies reported higher-than-expected Q4 earnings but missed sales estimates, with a significant decrease in earnings compared to last year.
While beating earnings estimates typically has a positive impact on stock prices, the significant decrease in earnings compared to the previous year and the miss on sales estimates could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positives against the concerns over decreased profitability and missed sales targets.
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