MW Albertsons' stock slides 5% as soft guidance overshadows earnings beat

Albertsons Cos. Inc.'s stock fell 5% early Tuesday, after the grocery chain's better-than-expected fiscal fourth-quarter earnings were offset by guidance that lagged consensus.

The company $(ACI)$ posted per-share earnings of 29 cents, down from 43 cents a year ago. Adjusted for one-time items, EPS came to 46 cents, ahead of the 41-cent FactSet consensus.

Sales rose to $18.79 billion from $18.34 billion a year ago, also ahead of the $18.64 billion FactSet consensus.

Same-store sales rose 2.3%, while FactSet was expecting a 1.8% rise.

Albertsons said it now expects fiscal 2025 adjusted EPs to range from $2.03 to $2.16, well below the $2.28 FactSet consensus. It expects same-store sale to grow 1.5% to 2.5%, while FactSet is expecting a 1.8%. rise.

Boise, Idaho-based Albertsons said it has named Chief Operating Officer Susan Morris as its new CEO, effective May. Morris will replace Vivek Sankaran, who is retiring.

The stock has gained 6.6% in the last 12 months, while the S&P 500 SPX has gained 6.8%.

-Ciara Linnane

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April 15, 2025 07:40 ET (11:40 GMT)

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