Compared to Estimates, Albertsons Companies (ACI) Q2 Earnings: A Look at Key Metrics

Core Insights - Albertsons Companies, Inc. reported revenue of $18.55 billion for the quarter ended August 2024, reflecting a year-over-year increase of 1.4% [1] - The company's EPS was $0.51, down from $0.63 in the same quarter last year [1] - Revenue exceeded the Zacks Consensus Estimate of $18.45 billion by 0.55%, while EPS surpassed the consensus estimate of $0.48 by 6.25% [1] Performance Metrics - Same-store sales increased by 2.5%, outperforming the average estimate of 1.4% from five analysts [2] - The number of stores at the end of the quarter was 2,267, slightly below the average estimate of 2,269 from four analysts [2] - Total retail square footage was reported at 112.8 million, marginally above the three-analyst average estimate of 112.78 million [2] - Fuel revenue was $951.30 million, significantly below the average estimate of $1.09 billion from three analysts, representing a year-over-year decline of 15.6% [2] Stock Performance - Over the past month, shares of Albertsons Companies have decreased by 3.2%, contrasting with a 4.3% increase in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]