Financial Performance - Goldman Sachs reported adjusted EPS of $12.25 for Q3 2025, exceeding the analyst estimate of $11.00, with net revenue of $15.18 billion, surpassing the estimated $14.10 billion [2][10] - The firm's provision for credit losses was lower than expected at $339 million, compared to an estimate of $369 million [2] - Albertsons reported adjusted EPS of $0.44 for Q2 2025, outperforming the estimated $0.40, with revenue reaching $18.915 billion against an estimate of $18.886 billion [4][10] - Goldman Sachs declared a dividend of $4 per share and achieved a return on equity (ROE) of 14.2% with net income of $4.1 billion [3] Market Developments - The write-off of Credit Suisse's Additional Tier 1 (AT1) capital instruments was revoked, providing clarity and potential relief for impacted bondholders [6][10] - Deutsche Bank and Morgan Stanley raised their target prices for Broadcom Inc., indicating positive sentiment for the semiconductor company [8] Geopolitical Events - China imposed sanctions on South Korean shipbuilder Hanwha Ocean, escalating trade tensions and prohibiting Chinese entities from engaging with Hanwha's U.S.-linked units [5][10] - Chinese Premier Li Qiang emphasized the need for a resilient economy, urging the full utilization of policy resources and counter-cyclical adjustments to stabilize economic growth [7][10]

[Executive Summary and Business Highlights](index=1&type=section&id=Executive%20Summary%20and%20Business%20Highlights) Albertsons Companies reported solid Q2 Fiscal 2025 results with strong digital sales and loyalty growth, alongside a **$750 million** share repurchase and increased fiscal 2025 Adjusted EPS outlook [Second Quarter Fiscal 2025 Highlights](index=1&type=section&id=Second%20Quarter%20of%20Fiscal%202025%20Highlights) Albertsons Companies reported solid operating and financial results for Q2 Fiscal 2025, driven by strong performance in digital sales, pharmacy, and loyalty membership, also announcing a **$750 million** accelerated share repurchase and increased fiscal 2025 Adjusted EPS outlook - The company delivered solid operating and financial results, investing in its core business and enhancing customer experience, leading to strong growth in digital sales, pharmacy, and loyalty membership[4](index=4&type=chunk) Q2 Fiscal 2025 Key Metrics | Metric | Q2 Fiscal 2025 | | :----- | :------------- | | Identical sales (adjusted) | +2.2% | | Digital sales | +23% | | Loyalty members | 48.7 million | | Net income (million USD) | $169 | | Net income per share (USD) | $0.30 | | Adjusted net income (million USD) | $248 | | Adjusted net income per share (USD) | $0.44 | | Adjusted EBITDA (million USD) | $848 | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Susan Morris highlighted strong performance against strategic priorities, fueling deeper engagement across digital platforms and outsized growth in digital sales, pharmacy, and loyalty, emphasizing ongoing productivity initiatives offsetting inflation and funding investments, and announcing a **$750 million** accelerated share repurchase as a commitment to shareholder returns and confidence in business value - CEO Susan Morris noted strong performance in strategic priorities, driving digital sales, pharmacy, and loyalty membership growth, while productivity initiatives offset inflation and funded customer-focused investments[4](index=4&type=chunk) - The company is investing with purpose, modernizing capabilities through scalable technology, and advancing productivity initiatives to fuel long-term growth[4](index=4&type=chunk) - A **$750 million** accelerated share repurchase agreement was announced, underscoring conviction in business value and commitment to delivering shareholder returns[4](index=4&type=chunk) [Second Quarter Fiscal 2025 Financial Performance](index=1&type=section&id=Second%20Quarter%20of%20Fiscal%202025%20Results) Net sales increased by 2.0% driven by identical sales and pharmacy, while gross margin declined due to pharmacy mix and digital costs, and adjusted profitability metrics decreased [Net Sales and Other Revenue Analysis](index=1&type=section&id=Net%20Sales%20and%20Other%20Revenue%20Analysis) Net sales and other revenue increased by 2.0% year-over-year, primarily driven by a 2.2% increase in identical sales, with strong pharmacy sales and a 23% rise in digital sales, partially offset by lower fuel sales Net Sales and Other Revenue | Metric | Q2 Fiscal 2025 (million USD) | Q2 Fiscal 2024 (million USD) | YoY Change | | :----- | :------------- | :------------- | :--------- | | Net sales and other revenue | $18,915.8 | $18,551.5 | +2.0% | | Identical sales (adjusted) | +2.2% | N/A | Up | | Digital sales | +23% | N/A | Up | - Strong growth in pharmacy sales was the primary driver of the identical sales increase[5](index=5&type=chunk) - Increases in Net sales and other revenue were partially offset by lower fuel sales[5](index=5&type=chunk) [Gross Margin Analysis](index=1&type=section&id=Gross%20margin%20rate) The gross margin rate decreased to 27.0% from 27.6% year-over-year, with the rate excluding fuel and LIFO expense decreasing by 63 basis points, mainly due to strong growth in lower-margin pharmacy sales and increased delivery and handling costs from digital sales growth, with investments in customer value funded by productivity initiatives Gross Margin Rate | Metric | Q2 Fiscal 2025 | Q2 Fiscal 2024 | Change | | :----- | :------------- | :------------- | :----- | | Gross margin rate | 27.0% | 27.6% | -0.6% | | Gross margin rate (excl. fuel & LIFO) | N/A | N/A | -63 bps | - The decrease in gross margin rate was driven by strong growth in pharmacy sales, which carries an overall lower gross margin rate, and increases in delivery and handling costs related to digital sales growth[6](index=6&type=chunk)[8](index=8&type=chunk) - Incremental investments in the customer value proposition were funded by benefits from productivity initiatives[8](index=8&type=chunk) [Selling and Administrative Expenses Analysis](index=2&type=section&id=Selling%20and%20administrative%20expenses) Selling and administrative expenses decreased to 25.4% of Net sales and other revenue from 25.8% year-over-year, with the percentage excluding fuel decreasing by 50 basis points, primarily due to leveraging employee costs and lower merger-related costs, partially offset by increased business transformation costs, while productivity initiatives continued to mitigate rising wage rates and inflationary pressures Selling and Administrative Expenses | Metric | Q2 Fiscal 2025 | Q2 Fiscal 2024 | Change | | :----- | :------------- | :------------- | :----- | | S&A expenses as % of Net sales | 25.4% | 25.8% | -0.4% | | S&A expenses as % of Net sales (excl. fuel) | N/A | N/A | -50 bps | - The decrease in Selling and administrative expenses as a percentage of Net sales was primarily attributable to the leveraging of employee costs and lower merger-related costs, partially offset by increases in business transformation costs[9](index=9&type=chunk) - Benefits from productivity initiatives continue to help offset increasing wage rates and other inflationary pressures on operating expenses[9](index=9&type=chunk) [Other Income/Expense and Tax Impact](index=2&type=section&id=Net%20loss%20on%20property%20dispositions%20and%20impairment%20losses) Net loss on property dispositions and impairment losses significantly decreased to **$4.4 million** from **$43.9 million** year-over-year, with the company also reporting a shift from other expense, net of **$1.9 million** to other income, net of **$29.7 million**, and income tax expense increasing to **$51.2 million** with an effective tax rate of 23.3% Other Income/Expense and Tax Impact | Metric | Q2 Fiscal 2025 (million USD) | Q2 Fiscal 2024 (million USD) | Change (million USD) | | :----- | :------------- | :------------- | :--------- | | Net loss on property dispositions and impairment losses | $4.4 | $43.9 | -$39.5 | | Interest expense, net | $105.3 | $103.6 | +$1.7 | | Other income (expense), net | $29.7 (income) | $1.9 (expense) | Shift to income | | Income tax expense | $51.2 | $41.0 | +$10.2 | | Effective tax rate | 23.3% | 22.0% | +1.3% | - The net loss on impairment during the second quarter of fiscal 2024 was primarily due to impairment losses related to equipment from closing micro-fulfillment centers and retail store impairment losses, partially offset by gains from the sale of real estate assets[10](index=10&type=chunk) [Net Income and Adjusted Profitability Metrics](index=2&type=section&id=Net%20income) Net income increased to **$168.5 million**, or **$0.30** per share, from **$145.5 million**, or **$0.25** per share, year-over-year, while Adjusted net income decreased to **$248.4 million**, or **$0.44** per share, from **$301.0 million**, or **$0.51** per share, and Adjusted EBITDA also saw a decline to **$848.4 million**, or 4.5% of Net sales, from **$900.6 million**, or 4.9% Net Income and Adjusted Profitability | Metric | Q2 Fiscal 2025 | Q2 Fiscal 2024 | YoY Change | | :----- | :------------- | :------------- | :--------- | | Net income (million USD) | $168.5 | $145.5 | +$23.0 | | Net income per share (USD) | $0.30 | $0.25 | +$0.05 | | Adjusted net income (million USD) | $248.4 | $301.0 | -$52.6 | | Adjusted net income per share (USD) | $0.44 | $0.51 | -$0.07 | | Adjusted EBITDA (million USD) | $848.4 | $900.6 | -$52.2 | | Adjusted EBITDA as % of Net sales | 4.5% | 4.9% | -0.4% | [Capital Allocation and Shareholder Returns](index=2&type=section&id=Capital%20Allocation%20and%20Common%20Stock%20Repurchase%20Program) During the first 28 weeks of fiscal 2025, capital expenditures totaled **$950.5 million**, focusing on remodels, new stores, and digital/technology platforms, with the company paying a quarterly dividend of **$0.15** per share and repurchasing **25.7 million** shares for **$550.1 million**, and post-quarter, Albertsons entered a **$750 million** accelerated share repurchase agreement and increased its total share repurchase authorization to **$2.75 billion** Capital Allocation Metrics | Metric | First 28 Weeks Fiscal 2025 | | :----- | :------------------------- | | Capital expenditures (million USD) | $950.5 | | Remodels completed | 51 | | New stores opened | 3 | | Quarterly dividend per share (USD) | $0.15 | | Shares repurchased (million) | 25.7 | | Cost of shares repurchased (million USD) | $550.1 | - The company entered into a **$750 million** accelerated share repurchase agreement and increased its total share repurchase program authorization from **$2.0 billion** to **$2.75 billion**[16](index=16&type=chunk) - Capital expenditures primarily included continued investment in digital and technology platforms[14](index=14&type=chunk) [Fiscal Year 2025 Outlook](index=3&type=section&id=Fiscal%202025%20Outlook) Albertsons Companies updated its fiscal 2025 outlook, increasing the expected identical sales growth range and Adjusted net income per Class A common share, while Adjusted EBITDA, effective income tax rate, and capital expenditures ranges were also provided, with some remaining unchanged Fiscal 2025 Outlook | Metric | Updated Fiscal 2025 Outlook | Previous Outlook | Change | | :----- | :-------------------------- | :--------------- | :----- | | Identical sales growth | 2.2% to 2.75% | 2.0% to 2.75% | Increased lower bound | | Adjusted EBITDA (billion USD) | $3.8 to $3.9 | Unchanged | | | Adjusted net income per Class A common share (USD) | $2.06 to $2.19 | $2.03 to $2.16 | Increased lower and upper bounds | | Effective income tax rate | 23.5% to 24.5% | Unchanged | | | Capital expenditures (billion USD) | $1.8 to $1.9 | $1.7 to $1.9 | Increased lower bound | - The company is unable to provide a full reconciliation of GAAP and Non-GAAP Measures for the updated fiscal 2025 outlook without unreasonable effort due to the unpredictability of certain adjustment items[17](index=17&type=chunk) [Company Overview and Disclosures](index=3&type=section&id=Company%20Overview%20and%20Disclosures) This section provides conference call details, an overview of Albertsons Companies' extensive retail operations and community contributions, and outlines key forward-looking statements and associated risk factors [Conference Call Information](index=3&type=section&id=Conference%20Call) Albertsons Companies held a conference call on October 14, 2025, at 8:30 a.m. Eastern Time, hosted by CEO Susan Morris and President & CFO Sharon McCollam, with a webcast replay available for at least two weeks on the investor relations website - A conference call was held on October 14, 2025, at 8:30 a.m. ET, hosted by the CEO and President & CFO, with a webcast replay available on the company's investor relations website[18](index=18&type=chunk) [About Albertsons Companies](index=3&type=section&id=About%20Albertsons%20Companies) Albertsons Companies is a leading US food and drug retailer, operating 2,257 retail stores, 1,720 in-store pharmacies, 405 fuel centers, 22 distribution centers, and 19 manufacturing facilities across 35 states and D.C. under 22 banners, and in 2024, the company contributed over **$435 million** in food and financial support, including **$40 million** through its Nourishing Neighbors Program Company Operational Footprint | Metric | Count (as of Sep 6, 2025) | | :----- | :------------------------ | | Retail stores | 2,257 | | In-store pharmacies | 1,720 | | Associated fuel centers | 405 | | Dedicated distribution centers | 22 | | Manufacturing facilities | 19 | | States of operation | 35 + D.C. | | Banners | 22 | - In 2024, the company, along with the Albertsons Companies Foundation, contributed over **$435 million** in food and financial support, including more than **$40 million** through its Nourishing Neighbors Program[19](index=19&type=chunk) [Forward-Looking Statements and Risk Factors](index=3&type=section&id=Forward-Looking%20Statements%20and%20Factors%20That%20Impact%20Our%20Operating%20Results%20and%20Trends) This section defines forward-looking statements and outlines numerous risks and uncertainties that could cause actual results to differ materially from projections, with key risks including macroeconomic conditions, consumer behavior, wage rates, supply chain challenges, cyber incidents, and litigation related to the terminated merger agreement with Kroger - Forward-looking statements are identified by specific words and expressions, are not guarantees of future performance, and are subject to numerous risks and uncertainties beyond the company's control[21](index=21&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) - Key risks include changes in macroeconomic conditions, consumer behavior, wage rates, geopolitical uncertainty, inability to execute standalone business strategies following the termination of the merger agreement with Kroger, and ongoing litigation costs[24](index=24&type=chunk)[26](index=26&type=chunk) - Other risks involve challenges with the supply chain, operational and financial effects from cyber incidents, and changes in tax rates, laws, and regulations[26](index=26&type=chunk) [Non-GAAP Measures and Identical Sales Definitions](index=5&type=section&id=Non-GAAP%20Measures%20and%20Identical%20Sales) This section defines Non-GAAP Measures (EBITDA, Adjusted EBITDA, Adjusted net income, Adjusted net income per Class A common share, and Net debt ratio) as supplemental performance indicators used by management, analysts, and investors to evaluate ongoing operations by excluding non-core items, and also defines 'identical sales' as sales from stores operating in both current and prior fiscal years, including direct-to-consumer digital sales but excluding fuel sales - Non-GAAP Measures are performance measures providing supplemental information useful for evaluating ongoing results by excluding items management does not consider in assessing core operating performance[27](index=27&type=chunk) - Identical sales include stores operating during the same period in both current and prior fiscal years, direct-to-consumer digital sales, and exclude fuel sales[28](index=28&type=chunk) [Condensed Consolidated Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the Condensed Consolidated Statements of Operations, Balance Sheets, and Cash Flows, detailing the company's financial performance, position, and liquidity for the reported periods [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The Condensed Consolidated Statements of Operations show a 2.0% increase in Net sales and other revenue for the 12 weeks ended September 6, 2025, reaching **$18,915.8 million**, with gross margin slightly decreasing to 27.0%, while selling and administrative expenses as a percentage of revenue also decreased to 25.4%, and net income for the quarter was **$168.5 million**, or **$0.30** per diluted share Condensed Consolidated Statements of Operations | Metric (12 weeks ended) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :---------------------- | :---------- | :---------- | | Net sales and other revenue | $18,915.8 | $18,551.5 | | Gross margin | $5,106.6 | $5,121.3 | | Selling and administrative expenses | $4,806.9 | $4,785.4 | | Operating income | $295.3 | $292.0 | | Net income | $168.5 | $145.5 | | Diluted net income per Class A common share (USD) | $0.30 | $0.25 | | Gross margin % | 27.0% | 27.6% | | S&A expenses % | 25.4% | 25.8% | | Number of stores at end of quarter | 2,257 | 2,267 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 6, 2025, total assets were **$26,850.5 million**, a slight increase from **$26,755.7 million** at February 22, 2025, with current assets increasing primarily driven by receivables and inventories, total current liabilities significantly increasing to **$8,416.7 million** from **$7,251.0 million**, mainly due to a rise in current maturities of long-term debt and finance lease obligations, and total stockholders' equity decreasing to **$3,079.5 million** from **$3,385.9 million** Condensed Consolidated Balance Sheets | Metric (as of) | Sep 6, 2025 (million USD) | Feb 22, 2025 (million USD) | | :------------- | :---------- | :----------- | | Total current assets | $6,852.6 | $6,559.0 | | Total assets | $26,850.5 | $26,755.7 | | Total current liabilities | $8,416.7 | $7,251.0 | | Long-term debt and finance lease obligations | $6,940.1 | $7,762.5 | | Total stockholders' equity | $3,079.5 | $3,385.9 | - Current maturities of long-term debt and finance lease obligations increased significantly from **$57.6 million** at February 22, 2025, to **$1,186.4 million** at September 6, 2025[33](index=33&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the 28 weeks ended September 6, 2025, net cash provided by operating activities was **$1,282.0 million**, a decrease from **$1,374.1 million** in the prior year, net cash used in investing activities decreased to **$837.9 million**, while net cash used in financing activities increased to **$467.0 million**, largely due to increased payments on long-term borrowings and treasury stock purchases Condensed Consolidated Statements of Cash Flows | Metric (28 weeks ended) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :---------------------- | :---------- | :---------- | | Net cash provided by operating activities | $1,282.0 | $1,374.1 | | Net cash used in investing activities | $837.9 | $925.3 | | Net cash used in financing activities | $467.0 | $357.8 | | Net (decrease) increase in cash and cash equivalents | ($22.9) | $91.0 | | Cash and cash equivalents at end of period | $275.0 | $284.2 | - Payments on long-term borrowings increased to **$600.3 million** from **$200.4 million**, and treasury stock purchases amounted to **$550.1 million** in the current period[35](index=35&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) This section provides detailed reconciliations of Net income to Adjusted net income and Adjusted EBITDA, diluted EPS to Adjusted EPS, and classifications of Non-GAAP adjustments, including depreciation, miscellaneous items, and the Net debt ratio [Net Income to Adjusted Net Income and Adjusted EBITDA Reconciliation](index=9&type=section&id=Net%20income%20to%20Adjusted%20net%20income%20and%20Adjusted%20EBITDA) This section provides a reconciliation from Net income to Adjusted net income and Adjusted EBITDA for both the 12-week and 28-week periods, with key adjustments including business transformation costs, equity-based compensation, LIFO expense, merger-related costs, and the tax impact of these adjustments, and for the 12 weeks ended September 6, 2025, Adjusted net income was **$248.4 million** and Adjusted EBITDA was **$848.4 million** Net Income to Adjusted Net Income and Adjusted EBITDA | Metric (12 weeks ended) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :---------------------- | :---------- | :---------- | | Net income | $168.5 | $145.5 | | Business transformation | $35.3 | $20.5 | | Equity-based compensation expense | $18.7 | $29.5 | | Merger-related costs | $19.0 | $67.4 | | Tax impact of adjustments | ($25.1) | ($47.8) | | Adjusted net income | $248.4 | $301.0 | | Adjusted EBITDA | $848.4 | $900.6 | - Merger-related costs for the 12 weeks ended September 6, 2025, primarily relate to litigation costs and retention program expense related to the terminated merger[40](index=40&type=chunk) [Diluted Net Income per Share to Adjusted Net Income per Share Reconciliation](index=10&type=section&id=diluted%20net%20income%20per%20Class%20A%20common%20share%20to%20Adjusted%20net%20income%20per%20Class%20A%20common%20share) This reconciliation details the adjustments from diluted net income per Class A common share to Adjusted net income per Class A common share, with diluted net income per share for the 12 weeks ended September 6, 2025, at **$0.30**, and after Non-GAAP adjustments and restricted stock units, Adjusted net income per share at **$0.44** Diluted Net Income per Share to Adjusted Net Income per Share | Metric (12 weeks ended) | Sep 6, 2025 (USD) | Sep 7, 2024 (USD) | | :---------------------- | :---------- | :---------- | | Diluted net income per Class A common share | $0.30 | $0.25 | | Non-GAAP adjustments | $0.14 | $0.27 | | Restricted stock units | $0.00 | ($0.01) | | Adjusted net income per Class A common share - diluted | $0.44 | $0.51 | - Adjusted weighted average Class A common shares outstanding (diluted) for the 12 weeks ended September 6, 2025, was **570.3 million**, compared to **591.2 million** in the prior year[39](index=39&type=chunk) [Non-GAAP Adjustment Classifications](index=10&type=section&id=Non-GAAP%20adjustment%20classifications%20within%20the%20Condensed%20Consolidated%20Statements%20of%20Operations) This section classifies various Non-GAAP adjustments within the Condensed Consolidated Statements of Operations, indicating their impact on Cost of sales, Selling and administrative expenses, Interest expense, net, Depreciation and amortization, or Other (income) expense, net, with footnotes providing further detail on the nature of these adjustments, such as business transformation costs, merger-related costs, and miscellaneous adjustments - Business transformation adjustments primarily include costs associated with third-party consulting fees related to the Customers for Life strategy and employee terminations[40](index=40&type=chunk) - Merger-related costs for the current period primarily relate to litigation costs and retention program expense due to the terminated merger[40](index=40&type=chunk) - Miscellaneous adjustments include pension settlement gains and losses, net realized and unrealized gains and losses related to non-operating investments, adjustments for closed stores and surplus properties, non-cash rent expense, and gains and losses on energy hedges[40](index=40&type=chunk) [Reconciliation of Depreciation and Amortization](index=11&type=section&id=Reconciliation%20of%20Depreciation%20and%20amortization) This table breaks down total depreciation and amortization into amounts impacting Cost of sales and Selling and administrative expenses for both the 12-week and 28-week periods, with total depreciation and amortization for the 12 weeks ended September 6, 2025, at **$434.7 million**, including **$45.2 million** in Cost of sales and **$389.5 million** in Selling and administrative expenses Reconciliation of Depreciation and Amortization | Metric (12 weeks ended) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :---------------------- | :---------- | :---------- | | Cost of sales | $45.2 | $41.8 | | Selling and administrative expenses | $389.5 | $380.1 | | Total Depreciation and amortization | $434.7 | $421.9 | [Reconciliation of Miscellaneous Adjustments](index=11&type=section&id=Reconciliation%20of%20Miscellaneous%20adjustments) This table details the classification of miscellaneous adjustments across Cost of sales, Selling and administrative expenses, and Other (income) expense, net, with total miscellaneous adjustments for the 12 weeks ended September 6, 2025, resulting in a net income of (**$8.1 million**), primarily driven by (**$26.0 million**) in Other (income) expense, net Reconciliation of Miscellaneous Adjustments | Metric (12 weeks ended) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :---------------------- | :---------- | :---------- | | Cost of sales | $0.2 | $2.3 | | Selling and administrative expenses | $17.7 | $12.1 | | Other (income) expense, net | ($26.0) | ($0.6) | | Total Miscellaneous adjustments | ($8.1) | $13.8 | [Reconciliation of Net Debt Ratio and Rolling Four Quarters Adjusted EBITDA](index=12&type=section&id=Reconciliation%20of%20Net%20debt%20ratio%20on%20a%20rolling%20four%20quarter%20basis) This section provides a reconciliation of the Net debt ratio and rolling four quarters Adjusted EBITDA, with the Net debt ratio as of September 6, 2025, at 2.02, based on total debt net of cash and cash equivalents of **$7,855.9 million** and rolling four quarters Adjusted EBITDA of **$3,879.6 million**, which decreased from **$4,106.8 million** in the prior year Reconciliation of Net Debt Ratio and Rolling Four Quarters Adjusted EBITDA | Metric (as of) | Sep 6, 2025 (million USD) | Sep 7, 2024 (million USD) | | :------------- | :---------- | :---------- | | Total debt (incl. finance leases) | $8,126.5 | $7,908.4 | | Cash and cash equivalents | $270.6 | $280.0 | | Total debt net of cash and cash equivalents | $7,855.9 | $7,628.4 | | Rolling four quarters Adjusted EBITDA | $3,879.6 | $4,106.8 | | Total Net debt ratio | 2.02 | 1.86 | - Rolling four quarters Adjusted EBITDA decreased from **$4,106.8 million** to **$3,879.6 million** year-over-year[45](index=45&type=chunk) - Adjustments to EBITDA for the rolling four quarters include business transformation (**$141.0 million**), equity-based compensation expense (**$92.4 million**), and merger-related costs (**$133.1 million**)[45](index=45&type=chunk)

BOISE, Idaho--(BUSINESS WIRE)--Albertsons® Companies, Inc. today reported results for the second quarter of fiscal 2025, which ended September 6, 2025. ...

Core Insights - ACI Worldwide (NASDAQ: ACIW) has experienced significant recovery since a decline in early August, with shares dropping to $40 on August 1 and showing strong improvements thereafter [1]. Company Performance - The stock price of ACI Worldwide reached a low of $40 per share on August 1, indicating a notable decline before the recent recovery [1].

Albertsons Companies, Inc. (NYSE:ACI) will release earnings results for the second quarter, before the opening bell on Tuesday, Oct. 14.Analysts expect the Boise, Idaho-based company to report quarterly earnings at 40 cents per share, down from 51 cents per share in the year-ago period. Albertsons Companies projects quarterly revenue of $18.89 billion, compared to $18.55 billion a year earlier, according to data from Benzinga Pro.On Sept. 17, Albertsons announced that Jim Donald, Chair of the Board, elected ...

Core Insights - Albertsons Companies, Inc. (NYSE: ACI) is recognized as one of the 14 Best Food Dividend Stocks to buy according to analysts [1] - The company operates in 34 states and Washington D.C., making it a prominent grocery option for many consumers [2] Business Strategy - Albertsons is adapting to changing consumer habits by integrating traditional grocery shopping with modern conveniences such as online ordering, delivery, and mobile app usage [3] - The company is enhancing its focus on private label products and loyalty programs to retain customers and increase engagement [4] Financial Performance - Albertsons offers a quarterly dividend of $0.15 per share, resulting in a dividend yield of 3.45% as of October 5 [5]

Analysts on Wall Street project that Albertsons Companies, Inc. (ACI) will announce quarterly earnings of $0.39 per share in its forthcoming report, representing a decline of 23.5% year over year. Revenues are projected to reach $18.9 billion, increasing 1.9% from the same quarter last year.The current level reflects an upward revision of 1.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial ...

Albertsons Companies, Inc. (NYSE:ACI) is one of the stocks Jim Cramer recently talked about. A caller asked whether to hold the stock after the failed merger and Amazon’s launch of its grocery business. Cramer commented: “I don’t like Albertsons here because of exactly what you just said. I think that’s the worry. I do like Kroger. But you know what’s come down just so badly, and we’ve been buying is Costco. I mean, it’s almost as if Costco’s not a good company, and it’s a very good company. That’s the on ...

Group 1: Ambiq Micro, Albertsons, and uniQure - Ambiq Micro reported quarterly losses of 43 cents per share on sales of $17.90 million on September 4 [1] - RBC Capital analyst maintained Albertsons Companies with an Outperform rating and lowered the price target from $23 to $21 [2] - Wells Fargo analyst maintained uniQure with an Overweight rating and raised the price target from $65 to $80 [2] Group 2: Chevron and LCI Industries - Mizuho analyst maintained Chevron with an Outperform rating and lowered the price target from $192 to $191 [3] - LCI Industries posted better-than-expected earnings for the second quarter on August 5, leading to a buy recommendation from Cramer [3] Group 3: Dillard's - Dillard's reported better-than-expected second-quarter financial results on August 14 [4]

Group 1: Ambiq Micro, Albertsons, and uniQure - Ambiq Micro reported quarterly losses of 43 cents per share on sales of $17.90 million on September 4 [1] - RBC Capital analyst Steven Shemesh maintained an Outperform rating for Albertsons Companies but lowered the price target from $23 to $21 [2] - Wells Fargo analyst Yanan Zhu maintained an Overweight rating for uniQure and raised the price target from $65 to $80 [2] Group 2: Chevron and LCI Industries - Chevron Corporation is viewed positively, with Mizuho analyst Nitin Kumar maintaining an Outperform rating and lowering the price target from $192 to $191 [3] - LCI Industries is recommended as a buy, supported by better-than-expected earnings for the second quarter reported on August 5 [3] Group 3: Dillard's - Dillard's reported better-than-expected second-quarter financial results on August 14, leading to a recommendation to take some profits while allowing the rest to run [4]