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Johnson & Johnson (JNJ) and Albertsons Companies' (ACI) stock have provided a pleasant hedge against market volatility and were able to exceed their quarterly expectations on Wednesday.
ACI's fourth-quarter fiscal 2024 results showcase strong year-over-year growth in digital sales, pharmacy operations and membership in its loyalty program.
Albertsons Companies, Inc.'s sales outlook remains stable, with fair Q4 comparable growth and a similar FY2025 guidance. The company's margin outlook is concerning as the gross margin declined 45 basis points in Q4, and profitability is guided to decline further in FY2025. Albertsons' productivity initiatives seem likely to be pushed into lower pricing, and digital sales growth seems to be cannibalizing higher-margin physical sales.
Grocery giant Albertsons says inflationary pressures continue to push its shoppers to seek value. The company on Tuesday (April 15) released earnings showing 24% upticks in digital sales for the quarter and full fiscal year.
Shares of grocery store chain Albertsons (ACI -7.44%) fell 8% on Tuesday as of 1:00 p.m. ET. Albertsons reported earnings today, and while the past quarter's results were solid, management's forward outlook for profits was well below analyst expectations.
Albertsons Companies, Inc. (NYSE:ACI ) Q4 2024 Earnings Conference Call April 15, 2025 8:30 AM ET Company Participants Melissa Plaisance - Senior Vice President, Investor Relations, Treasury and Risk Management Vivek Sankaran - Chief Executive Officer Susan Morris - Chief Operations Officer and CEO-Elect Sharon McCollam - President and Chief Financial Officer Conference Call Participants Leah Jordan - Goldman Sachs Mark Carden - UBS Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Partners Erica Eiler - Oppenheimer Robert Ohmes - Bank of America Scott Mushkin - R5 Capital Michael Montani - Evercore ISI Karen Short - Melius Research Kelly Bania - BMO Capital Markets Joseph Feldman - Telsey Advisory Group Operator Welcome to the Albertsons Companies Fourth Quarter and Fiscal Year-End 2024 Earnings Conference Call and thank you for standing by. All participants will be in listen-only mode until the Q&A session.
Albertsons saw its top-line figure increase in the latest quarter as its pharmacy business powered identical sales growth.
Albertsons Cos. Inc.'s stock fell 5% early Tuesday, after the grocery chain's better-than-expected fiscal fourth-quarter earnings were offset by guidance that lagged consensus.
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. reported results for the fourth quarter of fiscal 2024 and full year fiscal 2024, which ended February 22, 2025.
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. announced its Board of Directors has declared a cash dividend for the first quarter of $0.15 per share of common stock.