- Albertsons Companies reported an adjusted EPS of 71 cents for Q3, exceeding analysts’ estimate of 66 cents, despite showing a decrease from 79 cents year over year (y/y).
- Adjusted EBITDA was reported at $1.07 billion, declining by 3.7% compared to the previous year, but surpassing the expected $1.02 billion.
- The gross profit margin was recorded at 27.9%, slightly down from 28% y/y and meeting the estimated figures.
- Net sales and other revenue increased by 1.2% y/y, reaching $18.77 billion, just shy of the anticipated $18.82 billion.
- The total number of stores rose to 2,273, a slight increase from 2,271 in the previous year, and above the estimated count of 2,266.
- Analyst recommendations are divided into 9 buys and 12 holds, with no sell ratings reported.
Albertsons Cos on Smartkarma
Analysts on Smartkarma, including Baptista Research, are closely following Albertsons Companies Inc. The latest report by Baptista Research titled “Albertsons Companies Inc.: Expanding Digital and Omnichannel Capabilities To Up Their Game! – Major Drivers” highlights the company’s strong performance in the first quarter of 2022. The report mentions a 6.8% increase in identical sales and a notable 28% year-over-year growth in digital sales. Albertsons maintained a leading market position in 68% of its operating markets, showcasing effective strategic initiatives that resonate well with customers.
A look at Albertsons Cos Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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
Albertsons Companies, Inc. is seeing a promising long-term outlook, as indicated by its Smartkarma Smart Scores. With strong scores in Growth and Momentum, the company is positioned for expansion and positive market performance. The company’s focus on future growth opportunities and current market momentum bode well for its future success.
Although Albertsons Cos has a slightly lower score in Resilience, its overall outlook remains positive. With a solid Value score and a consistent Dividend score, the company showcases stability and potential for returns. Albertsons remains a key player in the retail food and drug products sector, serving customers across the United States, and its performance indicators suggest a favorable trajectory for the company in the long term.
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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