Albertsons Companies Q1 Adj $0.66 Misses $0.67 Estimate, Sales $24.27B Beat $24.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albertsons Companies (NYSE: ACI) reported Q1 earnings of $0.66 per share, missing the analyst estimate of $0.67. However, sales were $24.27 billion, beating the estimate of $24.14 billion. Earnings decreased by 29.03% year-over-year, while sales increased by 0.89%.
July 23, 2024 | 12:31 pm
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Albertsons Companies reported Q1 earnings of $0.66 per share, missing the analyst estimate of $0.67. Sales were $24.27 billion, beating the estimate of $24.14 billion. Earnings decreased by 29.03% year-over-year, while sales increased by 0.89%.
The mixed results, with earnings missing estimates but sales beating expectations, suggest a neutral short-term impact on the stock price. The significant year-over-year decline in earnings is a concern, but the slight increase in sales provides some positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100