ALBERTSONS COMPANIES Reports Fourth Quarter FY2023 Earnings Results on April 11 2023.
April 20, 2023
Earnings Overview
ALBERTSONS COMPANIES ($NYSE:ACI) reported total revenue of USD 311.1 million for the fourth quarter of FY2023, which ended on February 28 2023, representing a decrease of 31.6% compared to the same quarter of the prior year. Additionally, the company’s net income was USD 18265.1 million, an increase of 5.1% year-on-year. These earnings results were announced on April 11 2023.
Stock Price
On Tuesday, April 11th 2023, ALBERTSONS COMPANIES reported its fourth quarter FY2023 earnings results. The company’s stock opened at $20.8 and closed at $20.9, representing a 1.6% drop from the previous closing price of $21.2. Overall, the fourth quarter of FY2023 was challenging for ALBERTSONS COMPANIES due to the ongoing economic uncertainty resulting from the global pandemic. Despite this, the company was able to report positive financial results and remains optimistic about the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Albertsons Companies. More…
| Total Revenues | Net Income | Net Margin |
| 77.65k | 1.51k | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Albertsons Companies. More…
| Operations | Investing | Financing |
| 2.85k | -1.98k | -3.37k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Albertsons Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.17k | 24.56k | 2.83 |
Key Ratios Snapshot
Some of the financial key ratios for Albertsons Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | 31.4% | 3.0% |
| FCF Margin | ROE | ROA |
| 0.9% | 120.4% | 5.6% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of ALBERTSONS COMPANIES‘ fundamentals. Based on our Risk Rating system, ALBERTSONS COMPANIES is a medium risk investment when it comes to its financial and business aspects. Our analysis also detected two risk warnings in the company’s income sheet and cashflow statement. To gain more insight into these warnings, as well as our other analysis of ALBERTSONS COMPANIES, we recommend registering on our website, goodwhale.com. Here, you can access all of our analysis tools and resources to help you make the right investment decisions. More…
Peers
Albertsons Companies Inc is one of the largest food and drug retailers in the United States, with more than 2,200 stores in 36 states and the District of Columbia. The company operates under 19 banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Shaw’s, Star Market, United Express, Jewel-Osco, Acme Markets, Albertsons Market, Carrs, Haggen, Lucky, Market Street, Pavilions, and United. Albertsons Companies is headquartered in Boise, Idaho. The company’s primary competitors are The Kroger Co, Sprouts Farmers Market Inc, and Costco Wholesale Corp.
– The Kroger Co ($NYSE:KR)
Kroger Co is a grocery store chain with a market cap of 30.19B as of 2022. It has a Return on Equity of 23.61%. The company operates through various brands including Ralphs, Harris Teeter, Food 4 Less, and Fred Meyer. It offers a wide variety of products and services such as groceries, pharmacy, health & beauty, and general merchandise. Kroger also has a loyalty program called “Kroger Rewards” which allows customers to earn points on every purchase which can be redeemed for discounts on future purchases.
– Sprouts Farmers Market Inc ($NASDAQ:SFM)
Sprouts Farmers Market Inc. is an American supermarket chain headquartered in Phoenix, Arizona, that specializes in selling fresh, natural, and organic foods. As of May 2021, the company operated 340 stores in 23 states across the United States.
The company has a market cap of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market is a publicly traded company on the Nasdaq stock exchange under the ticker symbol SFM.
– Costco Wholesale Corp ($NASDAQ:COST)
Costco Wholesale Corporation is a membership-only warehouse club that provides a wide array of merchandise, including food, electronics, housewares, and clothing. As of 2022, it had a market cap of 205.64 billion and a return on equity of 24.62%. Costco is known for its low prices and its wide range of merchandise, which it sells in bulk quantities. The company also offers its members gas stations, pharmacies, optical centers, and travel services.
Summary
Albertsons Companies‘ fourth quarter of FY2023 results showed a decrease in total revenue of 31.6%, while net income increased by 5.1%. This highlights the impact of the global pandemic on the company’s performance. The market seemed to respond positively to the results, with shares rising after the release. Investors should consider Albertsons Companies when assessing their portfolio as the company has shown resilience in these tough economic times and could benefit from a recovery in the US economy.
However, caution is advised as the retail sector remains highly competitive and vulnerable to economic disruption.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
