Albertsons (ACI) Q4 Earnings In Line, Sales Miss Estimates

Albertsons Companies, Inc. (ACI) reported mixed fourth-quarter fiscal 2023 results, wherein earnings were in line with the Zacks Consensus Estimate, while sales missed the same. Additionally, on a year-over-year basis, the company’s top line increased marginally but the bottom line declined.ACI’s focus on operational excellence, digital expansion, pharmacy operations and customer relationships represent a comprehensive strategy for growth and competitiveness. However, results were partly hurt by the challen ...