- Albertsons reported an adjusted earnings per share (EPS) of $0.51, surpassing analysts’ expectations of $0.48, though down from the previous year’s $0.63.
- Identical sales increased by 2.5%, beating the estimate of 1.43%, but slightly lower than last yearβs 2.9% growth.
- Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) was $900.6 million, down 7.8% from last year, yet above the estimate of $894.9 million.
- The gross profit margin remained steady at 27.6%, aligning with last year and surpassing the expected 27.5%.
- Net sales and other revenue grew by 1.4% to $18.55 billion, exceeding the forecast of $18.45 billion.
- The total number of stores slightly decreased to 2,267, just under the anticipated 2,268, reflecting a 0.2% decrease from the previous year.
- The company reported significant growth in loyalty members and omnichannel shoppers, alongside accelerated development in the Albertsons Media Collective.
- Albertsons anticipates partial offset of industry headwinds through both ongoing and new productivity initiatives.
- The stock is recommended by analysts with 7 buy ratings, 13 hold ratings, and no sell ratings.
Albertsons Cos on Smartkarma
Independent analyst coverage of Albertsons Cos on Smartkarma highlights the company’s strong performance in the first quarter of 2022. Baptista Research‘s report, “Albertsons Companies Inc.: Expanding Digital and Omnichannel Capabilities To Up Their Game! – Major Drivers,” depicts a positive outlook, noting a 6.8% increase in identical sales and a significant rise of 28% in digital sales year-over-year. Albertsons holds a leading market position in 68% of its operating markets, reflecting the success of its strategic initiatives in resonating well with customers.
Further analysis from Baptista Research in their report “Albertsons Companies: Initiation of Coverage – These Are The 4 Biggest Growth Drivers & 3 Biggest Challenges Ahead! – Major Drivers” applauds Albertsons for its overall strong performance, showcasing increased sales across key metrics and market share gains. The company reported a 9% growth in adjusted EBITDA to $1.42 billion and adjusted EPS of $1 per share. With a notable 28% growth in digital sales, Albertsons remains well-positioned to benefit from the ongoing consumer shift towards e-commerce, solidifying its position in the market.
A look at Albertsons Cos Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Albertsons Cos shows promise for long-term growth. With a strong Growth score of 4, the company is positioned to expand and increase its market presence over time. Coupled with a respectable Value score of 3, Albertsons Cos offers potential for investors looking for a stable investment with room for appreciation. Additionally, its Dividend score of 3 indicates a decent level of dividend payouts, making it attractive for income-oriented investors.
However, the company’s lower Resilience score of 2 suggests some vulnerability to market fluctuations and economic uncertainties. Despite this, with an overall Momentum score of 3, Albertsons Cos is showing signs of positive performance and investor interest, possibly indicating a potential upward trajectory in the future.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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