Albertsons says it is undervalued as it reports modest quarterly growth

Core Insights - Albertsons is disappointed with investor evaluations and is focusing on growth opportunities under new CEO Susan Morris [3][4] - The company plans to spend $750 million on share repurchases, in addition to a previously announced $2 billion for buybacks after a failed merger with Kroger [4] - Investors reacted positively, with a share price increase of over 11% following the announcement, although shares remain down in 2025 [5] Financial Performance - Albertsons reported net sales of over $18.9 billion for Q2 of fiscal 2025, a year-over-year increase of 2% [8] - Same-store sales rose by 2.1%, adjusted to 2.2% to account for lost sales due to a strike by Safeway workers [8] Strategic Plans - The company is considering acquisitions and plans to invest between $1.8 billion and $1.9 billion in capital expenditures during fiscal 2025 [6][8] - Morris emphasized the importance of making strategic decisions to improve the performance of its banners [8]