Albertsons Companies(ACI)
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Albertsons Companies(ACI) - 2022 Q4 - Annual Report
2022-04-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.01 par value ACI New York Stock Exchange FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 26, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission Fi ...
Albertsons Companies(ACI) - 2021 Q4 - Earnings Call Transcript
2022-04-13 14:53
Albertsons Companies Inc. (NYSE:ACI) Q4 2021 Earnings Conference Call April 12, 2022 9:00 AM ET Company Participants Vivek Sankaran - Chief Executive Officer Sharon McCollam - President, Chief Financial Officer Melissa Plaisance - Senior Vice President, Investor Relations Conference Call Participants Robbie Ohmes - Bank of America Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Partners Ken Goldman - JP Morgan Scott Mushkin - R5 Capital Simeon Gutman - Morgan Stanley Erica Eiler - Oppenheimer Karen ...
Albertsons Companies(ACI) - 2021 Q3 - Earnings Call Transcript
2022-01-11 18:04
Albertsons Companies, Inc. (NYSE:ACI) Q3 2021 Results Conference Call January 11, 2022 8:30 AM ET Company Participants Melissa Plaisance - GVP of Treasury and Investor Relations Vivek Sankaran - Chief Executive Officer Sharon McCollam - President and Chief Financial Officer Conference Call Participants John Heinbockel - Guggenheim Simeon Gutman - Morgan Stanley Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheimer Ken Goldman - JPMorgan Michael Montani - Evercore ISI Brandon Cheatham - Citi Robby Ohmes - B ...
Albertsons Companies(ACI) - 2022 Q3 - Quarterly Report
2022-01-11 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 4, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39350 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other ...
Albertsons Companies(ACI) - 2021 Q2 - Earnings Call Transcript
2021-10-18 16:32
Albertsons Companies, Inc. (NYSE:ACI) Q2 2021 Earnings Conference Call October 18, 2021 8:30 AM ET Company Participants Melissa Plaisance - GVP of Treasury and Investor Relations Vivek Sankaran - Chief Executive Officer Sharon McCollam - President and Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Karen Short - Barclays Ken Goldman - J.P. Morgan Paul Lejuez - Citi Rupesh Parikh - Oppenheimer Scott Mushkin - R5 Capit ...
Albertsons Companies(ACI) - 2021 Q1 - Earnings Call Transcript
2021-07-30 05:24
Albertsons Companies, Inc. (NYSE:ACI) Q1 2021 Earnings Conference Call July 29, 2021 8:30 AM ET Company Participants Melissa Plaisance – GVP of Treasury and Investor Relations Vivek Sankaran – President and Chief Operating Officer Bob Dimond – Chief Financial Officer Conference Call Participants John Heinbockel – Guggenheim Partners Paul Lejuez – Citibank Karen Short – Barclays Edward Kelly – Wells Fargo Scott Mushkin – R5 Capital Ken Goldman – J.P. Morgan Simeon Gutman – Morgan Stanley Kate McShane – Goldm ...
Albertsons Companies(ACI) - 2022 Q1 - Quarterly Report
2021-07-28 16:00
[PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1 - Condensed Consolidated Financial Statements (unaudited)](index=3&type=section&id=Item%201%20-%20Condensed%20Consolidated%20Financial%20Statements%20(unaudited)) Unaudited condensed consolidated financial statements for Q1 FY2021, detailing financial position, performance, and cash flows [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Presents financial position at June 19, 2021, versus February 27, 2021, detailing changes in assets, liabilities, and equity | Metric (in millions) | June 19, 2021 | February 27, 2021 | | :------------------- | :------------ | :---------------- | | **ASSETS** | | | | Total current assets | $7,377.5 | $6,988.0 | | TOTAL ASSETS | $26,781.9 | $26,598.0 | | **LIABILITIES** | | | | Total current liabilities | $6,704.2 | $6,832.2 | | Total LIABILITIES AND STOCKHOLDERS' EQUITY | $26,781.9 | $26,598.0 | | **STOCKHOLDERS' EQUITY** | | | | Total stockholders' equity | $1,698.4 | $1,324.3 | - Total assets increased from **$26,598.0 million** to **$26,781.9 million**, while total stockholders' equity increased from **$1,324.3 million** to **$1,698.4 million**[6](index=6&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Details financial performance for the 16 weeks ended June 19, 2021, showing decreased net sales and net income | Metric (in millions, except per share data) | 16 weeks ended June 19, 2021 | 16 weeks ended June 20, 2020 | | :------------------------------------------ | :--------------------------- | :--------------------------- | | Net sales and other revenue | $21,269.4 | $22,751.6 | | Gross profit | $6,191.0 | $6,771.5 | | Operating income | $687.1 | $971.8 | | Net income | $444.8 | $586.2 | | Basic net income per Class A common share | $0.80 | $1.03 | | Diluted net income per Class A common share | $0.78 | $1.00 | - Net sales and other revenue decreased by **6.5%** from **$22,751.6 million** in Q1 FY2020 to **$21,269.4 million** in Q1 FY2021[10](index=10&type=chunk) - Net income decreased by **24.1%** from **$586.2 million** to **$444.8 million**[10](index=10&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Illustrates cash sources and uses for operating, investing, and financing activities, showing a significant decrease in operating cash flow | Metric (in millions) | 16 weeks ended June 19, 2021 | 16 weeks ended June 20, 2020 | | :------------------- | :--------------------------- | :--------------------------- | | Net cash provided by operating activities | $1,059.0 | $2,091.9 | | Net cash used in investing activities | $(493.0) | $(399.4) | | Net cash used in financing activities | $(109.2) | $(106.9) | | Net increase in cash and cash equivalents and restricted cash | $456.8 | $1,585.6 | | Cash and cash equivalents and restricted cash at end of period | $2,224.4 | $2,064.5 | - Net cash provided by operating activities decreased by **49.4%** from **$2,091.9 million** in Q1 FY2020 to **$1,059.0 million** in Q1 FY2021[14](index=14&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Outlines changes in stockholders' equity, including common stock, paid-in capital, treasury stock, and retained earnings | Metric (in millions) | Balance as of February 27, 2021 | Balance as of June 19, 2021 | | :------------------- | :------------------------------ | :-------------------------- | | Total stockholders' equity | $1,324.3 | $1,698.4 | | Net income | — | $444.8 | | Cash dividends declared on common stock | — | $(46.5) | | Dividends accrued on convertible preferred stock | — | $(36.4) | - Total stockholders' equity increased from **$1,324.3 million** at February 27, 2021, to **$1,698.4 million** at June 19, 2021, primarily due to net income, partially offset by dividends[17](index=17&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations and supporting information for the condensed consolidated financial statements [NOTE 1 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES](index=8&type=section&id=NOTE%201%20-%20BASIS%20OF%20PRESENTATION%20AND%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) Describes the basis for interim financial statement preparation, including consolidation, restricted cash, inventories, equity-based compensation, income taxes, segments, and revenue recognition - The company recorded LIFO expense of **$14.5 million** for the 16 weeks ended June 19, 2021, an increase from **$13.1 million** for the same period in 2020[22](index=22&type=chunk) | Equity-based compensation expense (in millions) | 16 weeks ended June 19, 2021 | 16 weeks ended June 20, 2020 | | :---------------------------------------------- | :--------------------------- | :--------------------------- | | RSUs | $19.7 | $17.8 | | RSAs | $2.5 | $1.2 | | Total equity-based compensation expense | $22.2 | $19.0 | - The effective income tax rate decreased to **23.0%** for the 16 weeks ended June 19, 2021, from **25.6%** in the prior year, primarily due to discrete state income tax benefits[27](index=27&type=chunk) | Sales revenue by type of similar product (in millions) | June 19, 2021 Amount | June 19, 2021 % of Total | June 20, 2020 Amount | June 20, 2020 % of Total | | :----------------------------------------------------- | :------------------- | :----------------------- | :------------------- | :----------------------- | | Non-perishables | $9,270.3 | 43.6% | $10,783.8 | 47.4% | | Perishables | $8,912.6 | 41.9% | $9,555.6 | 42.0% | | Pharmacy | $1,728.6 | 8.1% | $1,554.9 | 6.8% | | Fuel | $1,049.3 | 4.9% | $589.2 | 2.6% | | Other | $308.6 | 1.5% | $268.1 | 1.2% | | Net sales and other revenue | $21,269.4 | 100.0% | $22,751.6 | 100.0% | [NOTE 2 - FAIR VALUE MEASUREMENTS](index=10&type=section&id=NOTE%202%20-%20FAIR%20VALUE%20MEASUREMENTS) Details fair value measurements for assets and liabilities, categorized by a three-level hierarchy, and the fair value of total debt | Fair Value Measurements (in millions) | Total (June 19, 2021) | Level 1 (June 19, 2021) | Level 2 (June 19, 2021) | Level 3 (June 19, 2021) | | :------------------------------------ | :-------------------- | :---------------------- | :---------------------- | :---------------------- | | Assets: | | | | | | Short-term investments | $11.7 | $4.8 | $6.9 | — | | Non-current investments | $104.9 | $32.3 | $72.6 | — | | Derivative contracts | $9.9 | — | $9.9 | — | | Total Assets | $126.5 | $37.1 | $89.4 | — | | Liabilities: | | | | | | Derivative contracts | $34.