Albertsons reports Q4 adjusted EPS 54c, consensus 52c

Reports Q4 revenue $18.34B, consensus $18.47B. Identical sales increased 1%. Digital sales increased 24%. “We delivered another solid quarter amidst a difficult industry backdrop,” said Vivek Sankaran, CEO. “Again this quarter, we focused on our strategy to create Customers for Life, which drove strong growth in digital and pharmacy, deepened our omnichannel relationships with our customers and improved our in-store experience. We are pleased with our fiscal 2023 financial results, particularly in omnichannel where we have increased our investments in technology, digital and in-store customer experience and supply chain operations. We want to thank all of our teams who continue to deliver on our commitment to serving our customers and communities.”