US Market News
1月前
Albertsons Companies Announces AI-Powered Supply Chain Tool to Further Enhance Produce Quality Control and ConsistencyMay 13, 2026 9:05 AM
Business Wire Intelligent Quality Control tool uses Google Cloud’s Gemini Enterprise to support quality inspectors across Albertsons Cos. distribution centers Albertsons Companies, Inc. (NYSE: ACI) today announced the launch of its patent-pending Intelligent Quality Control tool, an AI-powered solution that uses computer vision to support the ability of distribution center associates to maintain high standards for quality and consistency of fresh fruits and vegetables across the company’s supply chain. Built in house by Albertsons Cos. technology and supply chain teams, the tool uses Google Cloud’s Gemini Enterprise, including Vision AI and Gemini models, to support Albertsons Cos.’ quality inspection teams to help ensure customers consistently receive fresh, high-quality produce. “We built the AI-powered Intelligent Quality Control tool to support our team of talented quality inspectors in our distribution centers, and early results show it’s been incredibly helpful in increasing the consistency of quality rating which is crucial for highly perishable products such as fruits and vegetables,” said Evan Rainwater, EVP and Chief Supply Chain Officer for Albertsons Cos. “This is just the latest advancement in how we are using AI within our multi-billion-dollar supply chain to improve operational efficiencies, improve product quality and ultimately enhance customer satisfaction.” The Intelligent Quality Control solution was built in-house by Albertsons Cos. teams with advisory support and technology infrastructure from Google Cloud as an enterprise partner. Seamlessly integrating into the distribution center workflow, the quality inspector feeds an image of the produce into the AI tool, powered by Google Cloud’s Gemini Enterprise Agent Platform, which evaluates visual characteristics against Albertsons Cos.’s established quality standards. The system then provides a highly accurate, consistent rating and recommendation to the inspector for approval. By reducing ambiguity and enabling more data-driven decision-making, the Intelligent Quality Control solution provides valuable support to help distribution center teams achieve greater accuracy, consistency and confidence in their work. Live now in select Albertsons Cos. distribution centers, the tool is initially focused on quality inspections for strawberries and red and green grapes. The company is expanding the solution across the entire berry section with plans to scale the tool nationwide and incorporate more fresh products. Early results have demonstrated significant operational improvements including: Increase in rating consistency: The AI-driven evaluation has reduced the variability in quality ratings among different inspectors and shifts at a location, ensuring a more uniform standard. Faster decision-making: The automated scoring system accelerates the inspection process, supporting distribution center teams in getting food quickly to stores so that customers consistently receive fresh, high-quality produce. Expanded quality data: The solution captures many distinct measures of quality which can be used for ongoing quality analysis and improvement. Alignment with standards: The solution successfully applies internal Albertsons Cos. quality criteria, with high consistency across all evaluations. "This collaboration with Albertsons Cos. demonstrates the transformative power of applying advanced AI, like Vision AI and Gemini, to the core of the supply chain,” said Jose Gomes, Vice President, Retail & Consumer Packaged Goods, Google Cloud. “Ensuring quality consistency for fresh produce is a complex, logistical challenge. By advising on this intelligent component, we are helping Albertsons Cos. drive efficiency and, most importantly, deliver on their promise of fresh, high-quality food to their customers. This is the future of intelligent commerce." Building on a Foundation of AI Transformation The new Intelligent Quality Control tool is the latest development in a long-standing relationship between Albertsons Cos. and Google Cloud. In 2025, Albertsons Cos. was one of the first retailers to bring Google Cloud’s Conversational Commerce agent to market through the retailer’s Ask AI tool, helping customers build smarter, faster baskets through simplified product discovery, personalized recommendations, and a more intuitive shopping experience. These AI deployments are part of the company’s broader strategy to modernize capabilities using AI and data science across the enterprise, from backend systems such as the Intelligent Quality Control tool, to customer-interfacing systems and AI-specific trainings for associates. Link to Downloadable Video and Images. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of Feb. 28, 2026, the Company operated 2,244 retail stores with 1,713 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program, to ensure those living in its communities and those impacted by disasters have enough to eat. Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513952829/en/ media@albertsons.com Original: Albertsons Companies Announces AI-Powered Supply Chain Tool to Further Enhance Produce Quality Control and Consistency
US Market News
2月前
Albertsons® Companies, Inc. Reports Fourth Quarter and Full Year ResultsApril 14, 2026 7:30 AM
Business Wire
Announces 13% Increase in Common Stock Dividend
Increases Remaining Share Repurchase Authorization to $2 billion
Provides Fiscal 2026 Outlook
Albertsons® Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the fourth quarter of fiscal 2025 and full year fiscal 2025, which ended Feb. 28, 2026 and included 13 and 53 weeks, respectively.
Fourth Quarter of Fiscal 2025 Highlights
Identical sales increased 0.7%
Digital sales increased 16%
Loyalty members increased 12% to 51.2 million
Net loss of $(481) million, or $(0.94) per share, inclusive of the $600 million charge, net of tax, or $(1.18) per share, related to the Opioid Settlement Framework (as defined herein)
Adjusted net income of $252 million, or $0.48 per share
Adjusted EBITDA of $903 million
Fiscal 2025 Highlights
Identical sales increased 2.0%
Digital sales increased 21%
Net income of $217 million, or $0.40 per share
Adjusted net income of $1,209 million, or $2.18 per share
Adjusted EBITDA of $3,902 million
"Fiscal 2025 was a year of disciplined execution and resilience, as we closed the year with a solid fourth quarter that delivered strong Adjusted EBITDA despite meaningful top-line pharmacy-related headwinds," said Susan Morris, CEO of Albertsons Companies.
Morris continued, "Across the full year, we remained focused on building a stronger foundation for the future, including investing in our customer value proposition, advancing digital and loyalty, and strengthening the capabilities that support sustainable, long-term growth. As we enter fiscal 2026, we are building on this foundation by scaling our productivity engine and positioning the company to deliver earnings growth, strong cash flow, and long-term shareholder returns."
Fourth Quarter of Fiscal 2025 Results
Net sales and other revenue was $20.3 billion for the 13 weeks ended Feb. 28, 2026 ("fourth quarter of fiscal 2025") compared to $18.8 billion during the 12 weeks ended Feb. 22, 2025 ("fourth quarter of fiscal 2024"). The increase included approximately $1.4 billion incremental net sales related to the extra week in the fourth quarter of fiscal 2025. Identical sales increased 0.7%, primarily driven by pharmacy sales, which were impacted more than expected by the pricing headwinds related to the Inflation Reduction Act ("IRA") and a mix shift within the broader pharmacy industry. The Company also continued to grow its digital sales with a 16% sales increase during the fourth quarter of fiscal 2025. These increases in Net sales and other revenue were partially offset by a net reduction in sales driven by store closures since the fourth quarter of fiscal 2024.
Gross margin rate decreased to 27.2% during the fourth quarter of fiscal 2025 compared to 27.4% during the fourth quarter of fiscal 2024. Excluding the impact of fuel and LIFO, gross margin rate decreased 25 basis points compared to the fourth quarter of fiscal 2024. This decrease in gross margin rate was primarily driven by increases in delivery and handling costs related to the continued growth in digital sales. Gross margin rate during the fourth quarter of fiscal 2025 was favorably impacted by improvements in pharmacy gross margins, primarily driven by changes related to the IRA. The Company also continues to make incremental investments in its customer value proposition which were funded by the benefits from its productivity initiatives.
Selling and administrative expenses increased to 29.6% of Net sales and other revenue during the fourth quarter of fiscal 2025 compared to 25.7% during the fourth quarter of fiscal 2024. Excluding the impacts of fuel and the charge related to the Opioid Settlement Framework, Selling and administrative expenses as a percentage of Net sales and other revenue decreased two basis points, reflecting the Company's continued disciplined approach to productivity and cost management, despite the lower-than-expected pharmacy sales and the resulting effect on the rate.
Net loss on property dispositions and impairment losses was $16.5 million during the fourth quarter of fiscal 2025 compared to $36.4 million during the fourth quarter of fiscal 2024.
Interest expense, net was $141.1 million during the fourth quarter of fiscal 2025 compared to $101.5 million during the fourth quarter of fiscal 2024. The increase in interest expense, net was primarily attributable to higher average outstanding borrowings.
Other income, net was $6.8 million during the fourth quarter of fiscal 2025 compared to $43.7 million during the fourth quarter of fiscal 2024.
Income tax benefit was $160.2 million during the fourth quarter of fiscal 2025, representing a 25.0% effective tax rate, and was the result of the loss before income taxes which was driven by the $773.8 million charge during the fourth quarter of fiscal 2025 related to the Opioid Settlement Framework. Income tax expense was $46.4 million during the fourth quarter of fiscal 2024, representing a 21.3% effective tax rate.
Net loss was $(480.8) million or $(0.94) per share during the fourth quarter of fiscal 2025 compared to net income of $171.8 million or $0.29 per share during the fourth quarter of fiscal 2024. Net loss during the fourth quarter of fiscal 2025 included the $599.8 million charge, net of tax, or $(1.18) per share, related to the Opioid Settlement Framework.
Adjusted net income was $251.7 million, or $0.48 per share during the fourth quarter of fiscal 2025 compared to $269.5 million, or $0.46 per share during the fourth quarter of fiscal 2024. Adjusted net income per share during the fourth quarter of fiscal 2025 includes an estimated incremental $0.03 per share related to the extra week in the fourth quarter of fiscal 2025.
Adjusted EBITDA was $903.4 million during the fourth quarter of fiscal 2025 compared to $855.1 million during the fourth quarter of fiscal 2024. The increase in Adjusted EBITDA reflects an estimated incremental $68 million related to the extra week in the fourth quarter of fiscal 2025.
Opioid Settlement Framework
In the fourth quarter of fiscal 2025, the Company recorded a loss of $773.8 million ($599.8 million, net of tax) related to the opioid settlement framework announced today that is intended to resolve substantially all of the opioid-related claims that have been or may be asserted against the Company by participating states, political subdivisions and Native American tribes (the "Opioid Settlement Framework"). Payments are expected to be made over a period of nine years. For more information, please refer to the separate press release issued this morning.
Capital Allocation, Common Stock Repurchase Program and Debt Refinancing
During fiscal 2025, capital expenditures were $1,839.4 million, which primarily included the completion of 94 remodels, the opening of nine new stores and continued investment in the Company's digital and technology platforms. During the fourth quarter of fiscal 2025, the Company paid its quarterly dividend of $0.15 per share on Feb. 6, 2026 to stockholders of record as of Jan. 23, 2026. On April 14, 2026 subsequent to the end of the fourth quarter of fiscal 2025, the Company announced that the Board of Directors (the "Board") increased the quarterly cash dividend 13% from $0.15 per common share to $0.17 per common share. On April 14, 2026, the Company announced the next quarterly dividend payment of $0.17 per share of Class A common stock to be paid on May 8, 2026 to stockholders of record as of the close of business on April 24, 2026.
On Jan. 8, 2026, the Company's previously announced $750 million accelerated share purchase agreement (the "ASR Agreement") was completed, and the Company received a final delivery of 7.3 million shares of common stock. As a result, the Company received a total of 42.7 million shares of common stock during the ASR Agreement, inclusive of the 35.4 million initial shares received during the third quarter of fiscal 2025. During fiscal 2025, inclusive of the ASR Agreement, the Company invested $1,492.5 million related to the repurchase of 78.7 million shares of common stock pursuant to the existing multi-year repurchase authorization. On April 14, 2026, the Company announced that the Board has authorized an increase to the remaining share repurchase authorization of $900 million, resulting in a total remaining authorization of $2.0 billion. The share repurchase program could include open market repurchases, accelerated share repurchase programs, tender offers, block trades, potential privately negotiated transactions, or trading plans in compliance with the federal securities laws.
On Feb. 2, 2026, the Company completed the issuance of $1,200.0 million aggregate principal amount of 5.625% senior unsecured notes due March 31, 2032 (the "2032 Notes") and $900.0 million aggregate principal amount of additional 5.750% senior notes due March 31, 2034 (the "Additional 2034 Notes" and together with the 2032 Notes, the "Notes"). During the fourth quarter of fiscal 2025, proceeds from the Notes were used to redeem in full the $1,350.0 million outstanding of the Company's 4.625% senior unsecured notes due Jan. 15, 2027, to redeem in full the $750.0 million outstanding of the Company's 5.875% senior unsecured notes due Feb. 15, 2028 (the "Redemptions"), and to pay fees and expenses related to the Redemptions and the issuance of the Notes.
Fiscal 2026 Outlook
The Company is providing its fiscal 2026 outlook as follows:
Identical sales growth in the range of 0.0% to 1.0% (1)
Adjusted EBITDA in the range of $3.850 billion to $3.925 billion
Adjusted net income per Class A common share in the range of $2.22 to $2.32 per share
Effective income tax rate in the range of 24% to 25%
Capital expenditures in the range of $2.0 billion to $2.2 billion
(1)
Reflects an estimated 150 basis point headwind related to the Inflation Reduction Act's Medicare Drug Price Negotiation Program which took effect on Jan. 1, 2026.
The Company is unable to provide a full reconciliation of the GAAP and Non-GAAP Measures (as defined below) used in the fiscal 2026 outlook without unreasonable effort because it is not possible to predict certain of the adjustment items with a reasonable degree of certainty. This information is dependent upon future events and may be outside of the Company's control and could have a significant impact on its GAAP financial results for fiscal 2026. The expected effective tax rate does not reflect potential future rate adjustments for the resolution of tax audits or potential changes in tax laws, which cannot be predicted with reasonable certainty.
Conference Call
The Company will hold a conference call today at 8:30 a.m. Eastern Time, which will be hosted by Susan Morris, CEO, and Sharon McCollam, President & CFO. The call will be webcast and can be accessed at https://albertsonscompanies.com/investors/events-and-presentations. A replay of the webcast will be available for at least two weeks following the completion of the call.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of Feb. 28, 2026, the Company operated 2,244 retail stores with 1,713 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program to ensure those living in its communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
Forward-Looking Statements and Factors That Impact the Company's Operating Results and Trends
This press release includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include the Company's current expectations, assumptions, estimates and projections about its business and its industry. They include statements relating to the Company's future operating or financial performance which the Company believes to be reasonable at this time. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements.
These statements are not guarantees of future performance and are subject to numerous risks and uncertainties which are beyond the Company's control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. Risks and uncertainties that could cause actual results to differ materially from such statements and may adversely impact the Company's financial condition and results of operations include:
changes in macroeconomic conditions such as rates of food price inflation or deflation, fuel and commodity prices and macroeconomic uncertainty, including in international trade and current and potential future tariffs;
changes in consumer behavior and spending patterns resulting from macroeconomic conditions, including shifts in state and federal assistance programs;
changes in wage rates and the Company's ability to negotiate acceptable contracts with labor unions, including the outcome of pending union negotiations;
changes in price of goods sold in the Company's stores and cost of goods used in its food products, as well as limitations in its ability to provide certain services, due to changes in various state and federal government legislation, regulation and executive orders;
uncertainty regarding the geopolitical environment;
the Company's ability to succeed in a competitive environment;
the Company's ability to execute on its business and value-creating strategies;
the Company's ability to attract and retain qualified or specialized associates who are critical to the success of its Customers for Life strategy;
failure to achieve productivity initiatives, including those related to artificial intelligence, unexpected changes in the Company's objectives and plans, inability to implement its strategies, plans, programs and initiatives, or enter into strategic transactions, investments or partnerships in the future on terms acceptable to the Company, or at all;
challenges with the Company's supply chain;
operational and financial effects resulting from cyber incidents at the Company or at a third party, including outages in the cloud environment and the effectiveness of business continuity plans during a ransomware or other cyber incident; and
changes in tax rates, tax laws, and regulations that directly impact the Company's business or its customers
All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect the Company's view only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
In evaluating the Company's financial results and forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the "Risk Factors" section or other sections in its reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K.
Non-GAAP Measures and Identical Sales
Non-GAAP Measures. EBITDA, Adjusted EBITDA, Adjusted net income, Adjusted net income per Class A common share and Net debt ratio (collectively, the "Non-GAAP Measures") are performance measures that provide supplemental information the Company believes is useful to analysts and investors to evaluate its ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income, gross margin, and net income per Class A common share. These Non-GAAP Measures exclude the financial impact of items management does not consider in assessing the Company's ongoing core operating performance, and thereby provide useful measures to analysts and investors of its operating performance on a period-to-period basis. Other companies may have different definitions of Non-GAAP Measures and provide for different adjustments, and comparability to the Company's results of operations may be impacted by such differences. The Company also uses Adjusted EBITDA and Net debt ratio for board of director and bank compliance reporting. The Company's presentation of Non-GAAP Measures should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items.
Identical Sales. As used in this earnings release, the term "identical sales" includes stores operating during the same period in both the current fiscal year and the prior fiscal year, comparing sales on a daily basis. Direct to consumer digital sales are included in identical sales, and fuel sales are excluded from identical sales.
Albertsons Companies, Inc. and Subsidiaries
Consolidated Statements of Operations
(dollars in millions, except per share data)
(unaudited)
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Net sales and other revenue
$
20,252.2
$
18,799.5
$
83,172.5
$
80,390.9
Cost of sales
14,739.2
13,650.5
60,565.8
58,135.3
Gross margin
5,513.0
5,149.0
22,606.7
22,255.6
Selling and administrative expenses
6,003.2
4,836.6
21,891.3
20,613.7
Loss (gain) on property dispositions and impairment losses, net
16.5
36.4
(12.2
)
95.8
Operating (loss) income
(506.7
)
276.0
727.6
1,546.1
Interest expense, net
141.1
101.5
504.2
459.8
Other income, net
(6.8
)
(43.7
)
(44.4
)
(43.4
)
(Loss) income before income taxes
(641.0
)
218.2
267.8
1,129.7
Income tax (benefit) expense
(160.2
)
46.4
50.4
171.1
Net (loss) income
$
(480.8
)
$
171.8
$
217.4
$
958.6
Net income per Class A common share:
Basic net (loss) income per Class A common share
$
(0.94
)
$
0.30
$
0.40
$
1.65
Diluted net (loss) income per Class A common share
(0.94
)
0.29
0.40
1.64
Weighted average Class A common shares outstanding (in millions)
Basic
509.7
579.6
545.2
580.1
Diluted
509.7
584.4
547.2
583.8
% of Net sales and other revenue
Gross margin
27.2
%
27.4
%
27.2
%
27.7
%
Selling and administrative expenses
29.6
%
25.7
%
26.3
%
25.6
%
Store data
Number of stores at end of quarter/year
2,244
2,270
Albertsons Companies, Inc. and Subsidiaries
Consolidated Balance Sheets
(in millions)
(unaudited)
Feb. 28,
2026
Feb. 22,
2025
ASSETS
Current assets
Cash and cash equivalents
$
198.6
$
293.6
Receivables, net
932.6
834.8
Inventories, net
5,173.9
4,989.0
Prepaid assets
368.1
338.8
Other current assets
42.5
102.8
Total current assets
6,715.7
6,559.0
Property and equipment, net
9,903.7
9,811.0
Operating lease right-of-use assets
6,102.4
6,153.4
Intangible assets, net
2,156.1
2,318.0
Goodwill
1,201.0
1,201.0
Other assets
687.0
713.3
TOTAL ASSETS
$
26,765.9
$
26,755.7
LIABILITIES
Current liabilities
Accounts payable
$
4,021.2
$
4,092.7
Accrued salaries and wages
1,348.3
1,345.2
Current maturities of long-term debt and finance lease obligations
534.0
57.6
Current operating lease obligations
736.7
705.5
Current portion of self-insurance liability
385.7
374.0
Taxes other than income taxes
377.8
393.9
Other current liabilities
420.3
282.1
Total current liabilities
7,824.0
7,251.0
Long-term debt and finance lease obligations
8,412.6
7,762.5
Long-term operating lease obligations
5,613.6
5,657.2
Deferred income taxes
630.6
824.1
Long-term self-insurance liability
917.6
922.1
Other long-term liabilities
1,531.3
952.9
Commitments and contingencies
STOCKHOLDERS' EQUITY
Class A common stock
6.0
6.0
Additional paid-in capital
2,219.4
2,184.0
Treasury stock, at cost
(1,850.5
)
(386.7
)
Accumulated other comprehensive income
83.2
94.7
Retained earnings
1,378.1
1,487.9
Total stockholders' equity
1,836.2
3,385.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
26,765.9
$
26,755.7
Albertsons Companies, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(in millions)
(unaudited)
Fiscal
2025
Fiscal
2024
Cash flows from operating activities:
Net income
$
217.4
$
958.6
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on property dispositions and impairment losses, net
(12.2
)
95.8
Depreciation and amortization
1,913.7
1,817.9
Operating lease right-of-use assets amortization
727.2
681.2
LIFO expense
66.0
28.6
Deferred income tax
(208.7
)
(105.1
)
Pension and post-retirement benefits (income) expense
(28.4
)
8.7
Contributions to pension and post-retirement benefit plans
(56.9
)
(91.3
)
Deferred financing costs
24.5
16.3
Equity-based compensation expense
95.5
106.2
Other operating activities
20.1
(26.0
)
Changes in operating assets and liabilities:
Receivables, net
(96.9
)
(113.8
)
Inventories, net
(250.9
)
(72.4
)
Accounts payable, accrued salaries and wages and other accrued liabilities
12.8
(170.1
)
Operating lease liabilities
(705.2
)
(673.0
)
Pension withdrawal liabilities
(18.6
)
(15.5
)
Self-insurance assets and liabilities
5.6
45.9
Other operating assets and liabilities
661.7
188.6
Net cash provided by operating activities
2,366.7
2,680.6
Cash flows from investing activities:
Payments for property, equipment and intangibles, including lease buyouts
(1,839.4
)
(1,931.2
)
Proceeds from sale of assets
109.5
31.4
Other investing activities
50.5
8.0
Net cash used in investing activities
(1,679.4
)
(1,891.8
)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, including ABL facility
4,671.5
50.0
Payments on long-term borrowings, including ABL facility
(3,510.6
)
(250.9
)
Payments of obligations under finance leases
(51.0
)
(60.6
)
Payments for debt financing costs
(54.7
)
—
Dividends paid on common stock
(322.7
)
(295.1
)
Treasury stock purchase, at cost
(1,478.2
)
(82.5
)
Employee tax withholding on vesting of restricted stock units
(36.5
)
(45.0
)
Net cash used in financing activities
(782.2
)
(684.1
)
Net (decrease) increase in cash and cash equivalents and restricted cash
(94.9
)
104.7
Cash and cash equivalents and restricted cash at beginning of period
297.9
193.2
Cash and cash equivalents and restricted cash at end of period
$
203.0
$
297.9
Albertsons Companies, Inc. and Subsidiaries
Reconciliation of Non-GAAP Measures
(in millions, except per share data)
The following table reconciles Net (loss) income to Adjusted net income and Adjusted EBITDA (in millions):
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Net (loss) income
$
(480.8
)
$
171.8
$
217.4
$
958.6
Adjustments:
Business transformation (1)(b)
44.5
52.4
153.7
105.2
Equity-based compensation expense (b)
21.9
18.3
95.5
106.2
Loss (gain) on property dispositions and impairment losses, net
16.5
36.4
(12.2
)
95.8
LIFO expense (a)
24.5
5.7
66.0
28.6
Merger-related costs (2)(b)
23.0
34.0
84.1
254.8
Certain legal and regulatory accruals and settlements, net (3)(b)
789.0
4.1
802.9
6.1
Amortization of debt discount and deferred financing costs (c)
8.3
3.8
23.5
16.1
Amortization of intangible assets resulting from acquisitions (b)
11.1
11.0
48.2
47.9
Miscellaneous adjustments (4)(e)
9.8
(36.5
)
25.8
0.6
State income tax benefits related to the settlement of audits
—
—
—
(81.0
)
Tax impact of adjustments to Adjusted net income
(216.1
)
(31.5
)
(295.6
)
(156.5
)
Adjusted net income
$
251.7
$
269.5
$
1,209.3
$
1,382.4
Tax impact of adjustments to Adjusted net income
216.1
31.5
295.6
156.5
State income tax benefits related to the settlement of audits
—
—
—
81.0
Income tax (benefit) expense
(160.2
)
46.4
50.4
171.1
Amortization of debt discount and deferred financing costs (c)
(8.3
)
(3.8
)
(23.5
)
(16.1
)
Interest expense, net
141.1
101.5
504.2
459.8
Amortization of intangible assets resulting from acquisitions (b)
(11.1
)
(11.0
)
(48.2
)
(47.9
)
Depreciation and amortization (d)
474.1
421.0
1,913.7
1,817.9
Adjusted EBITDA (5)
$
903.4
$
855.1
$
3,901.5
$
4,004.7
Albertsons Companies, Inc. and Subsidiaries
Reconciliation of Non-GAAP Measures
(in millions, except per share data)
The following tables reconcile diluted net (loss) income per Class A common share to Adjusted net income per Class A common share (in millions, except per share data):
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Numerator:
Adjusted net income (6)
$
251.7
$
269.5
$
1,209.3
$
1,382.4
Denominator:
Weighted average Class A common shares outstanding - diluted
509.7
584.4
547.2
583.8
Restricted stock units (7)
10.2
5.3
8.2
6.5
Adjusted weighted average Class A common shares outstanding - diluted
519.9
589.7
555.4
590.3
Adjusted net income per Class A common share - diluted (8)
$
0.48
$
0.46
$
2.18
$
2.34
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Net (loss) income per Class A common share - diluted
$
(0.94
)
$
0.29
$
0.40
$
1.64
Non-GAAP adjustments (9)
1.43
0.17
1.81
0.73
Restricted stock units (7)
(0.01
)
—
(0.03
)
(0.03
)
Adjusted net income per Class A common share - diluted (8)
$
0.48
$
0.46
$
2.18
$
2.34
(1)
Primarily includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and costs related to employee terminations.
(2)
The 13 and 53 weeks ended Feb. 28, 2026 primarily relates to litigation costs and retention program expense related to the terminated merger. The 12 and 52 weeks ended Feb. 22, 2025 primarily includes third-party legal and advisor fees and retention program expense related to the merger.
(3)
Includes the $773.8 million charge in the fourth quarter of fiscal 2025 related to the Opioid Settlement Framework.
(4)
Primarily includes pension settlement gains and losses, adjustments for closed stores and surplus properties, net realized and unrealized gains and losses related to non-operating investments, non-cash rent expense, gains and losses on energy hedges and other costs not considered in the Company's core performance.
(5)
The fourth quarter of fiscal 2025 includes an estimated $68 million of incremental Adjusted EBITDA due to the impact of the additional week in fiscal 2025's 53-week annual period.
(6)
See the reconciliation of Net (loss) income to Adjusted net income above for further details.
(7)
Represents incremental unvested restricted stock units ("RSUs") to adjust the diluted weighted average Class A common shares outstanding during each respective period to the fully outstanding RSUs as of the end of each respective period.
(8)
Adjusted net income per share for the fourth quarter of fiscal 2025 and fiscal 2025 both include an estimated incremental $0.03 per share due to the impact of the additional week in fiscal 2025's 53-week annual period.
(9)
Reflects the per share impact of Non-GAAP adjustments for each period. See the reconciliation of Net (loss) income to Adjusted net income above for further details.
Albertsons Companies, Inc. and Subsidiaries
Reconciliation of Non-GAAP Measures
(in millions, except per share data)
Non-GAAP adjustment classifications within the Consolidated Statement of Operations:
(a)
Cost of sales
(b)
Selling and administrative expenses
(c)
Interest expense, net
(d)
Depreciation and amortization:
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Cost of sales
$
47.1
$
44.7
$
202.9
$
181.4
Selling and administrative expenses
427.0
376.3
1,710.8
1,636.5
Total Depreciation and amortization
$
474.1
$
421.0
$
1,913.7
$
1,817.9
(e)
Miscellaneous adjustments:
Fourth
Quarter
Fiscal 2025
Fourth
Quarter
Fiscal 2024
Fiscal
2025
Fiscal
2024
Cost of Sales
$
(2.8
)
$
(1.0
)
$
(3.3
)
$
1.0
Selling and administrative expenses
13.5
4.2
56.0
35.9
Other income, net
(0.9
)
(39.7
)
(26.9
)
(36.3
)
Total Miscellaneous adjustments
$
9.8
$
(36.5
)
$
25.8
$
0.6
The following table is a reconciliation of Net debt ratio:
Fiscal
2025
Fiscal
2024
Total debt (including finance leases)
$
8,946.6
$
7,820.1
Cash and cash equivalents
198.6
293.6
Total debt net of cash and cash equivalents
8,748.0
7,526.5
Adjusted EBITDA
$
3,901.5
$
4,004.7
Total Net debt ratio
2.24
1.88
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414352692/en/
For Investor Relations, contact investor-relations@albertsons.com
For Media Relations, contact media@albertsons.com
Original: Albertsons® Companies, Inc. Reports Fourth Quarter and Full Year Results
US Market News
2月前
Albertsons® Companies Announces 13% Increase in Common Stock DividendApril 14, 2026 7:25 AM
Business Wire
Albertsons® Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared an increased cash dividend for the first quarter of fiscal 2026 of $0.17 per share of common stock, representing a new annualized dividend of $0.68 per share. The quarterly cash dividend is payable on May 8, 2026, to stockholders of record as of the close of business on April 24, 2026.
This increase reflects the Company’s confidence in its core business, the strength of the underlying free cash flow generation and its balanced approach to capital allocation over time. Since the Company’s initial public offering in June 2020, the Company’s dividend has grown from an annualized level of $0.40 per share to $0.68 per share, representing a 10% compound annual growth rate.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of Feb. 28, 2026, the Company operated 2,244 retail food and drug stores with 1,713 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program to ensure those living in its communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
Important Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the Company’s expectations, perspectives and projected financial performance, are forward-looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company cautions that the risks and uncertainties could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company also cautions that undue reliance should not be placed on any of the forward-looking statements, which speak only as of the date of this release. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes. Certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are described in the “Risk Factors” section or other sections in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 21, 2025, and in reports subsequently filed with the SEC and available at the SEC’s website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414295716/en/
For Investor Relations, contact investor-relations@albertsons.com
For Media Relations, contact media@albertsons.com
Original: Albertsons® Companies Announces 13% Increase in Common Stock Dividend
US Market News
2月前
Albertsons® Companies Announces National Opioid Settlement FrameworkApril 14, 2026 7:28 AM
Business Wire
Albertsons® Companies, Inc. (NYSE: ACI) today announced it has reached a $774 million settlement framework to resolve substantially all of the opioid-related claims brought against the Company by state, local and tribal government entities nationally, if all conditions are satisfied.
This settlement framework marks a significant step toward resolving opioid-related litigation, and Albertsons Cos. believes the settlement framework is in the best interest of all parties. This settlement is not an admission of wrongdoing or liability.
For years, Albertsons Cos. has invested in strong pharmacy practices designed to promote the safe and appropriate use of prescription medications. The Company is proud of its pharmacists and their long-standing role in promoting responsible medication use.
As trusted healthcare professionals in the communities they serve, Albertsons Cos. pharmacists work directly with patients every day to provide guidance, education, and care focused on safe and appropriate medication use.
The Company is continuing its ongoing commitment to patient safety, responsible pharmacy operations, robust training and tools for pharmacy teams, and being a constructive partner in addressing the opioid crisis.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of Feb. 28, 2026, the Company operated 2,244 retail food and drug stores with 1,713 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program to ensure those living in its communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
Important Notice Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include our current expectations, assumptions, perspectives and projections about our business and our industry. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section or other sections in our reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K and available at the SEC’s website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414264312/en/
Media Contact: media@albertsons.com
Original: Albertsons® Companies Announces National Opioid Settlement Framework
US Market News
4月前
Albertsons Companies Announces Participation in OpenAI Advertising Pilot ProgramFebruary 12, 2026 2:00 PM
Business Wire
Grocer tests relevant, timely and personalized ad experiences in ChatGPT for Albertsons Cos. shoppers ahead of Valentine’s Day
Albertsons Companies, Inc. (NYSE: ACI) today announced the latest development in its AI strategy as a participant in the OpenAI Ad Pilot Program – an early test that explores how new ad formats in ChatGPT can create a more relevant, efficient and personalized advertising experience for consumers. As a pilot partner, Albertsons Cos. will help explore how relevant, helpful ads unlock value for users and brands in conversational experiences.
“By joining the OpenAI Ad Pilot Program, we have a unique opportunity to explore and help shape cutting-edge ways to connect consumers with the right Albertsons Companies products at the right time by thoughtfully integrating into the digital experiences they already love,” said Jennifer Saenz, Chief Commercial Officer at Albertsons Cos. “Just in time for Valentine’s Day, this pilot program is yet another channel that allows us to meet customers when and how they choose to shop for convenient and easy recipes, meals, gifts and party essentials to celebrate their loved ones.”
As part of the test, Albertsons Cos. ads will appear in ChatGPT ahead of Valentine’s Day. Consumers entering search terms such as “best flowers for Valentine’s Day,” “chocolates and sweets as a gift” or “how to celebrate Galentine’s” can potentially see distinct and clearly labeled ads from their local Albertsons Cos. banner store including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME and Tom Thumb. If shoppers choose to engage with the ad, they will be directed to a Valentine’s Day destination featuring Albertsons Cos. deals, gifts and recipes including fresh flowers, indulgent chocolates, sweet treats and thoughtful gifts that can be delivered in as little as 30 minutes with Flash™*.
“We’re focused on advertising that enhances the customer journey, instead of interrupting it. By testing ads in ChatGPT, we’re growing our engagement with new customers and continuing to connect with our current customers in meaningful ways,” added Saenz.
As the OpenAI Ad Pilot Program evolves, Albertsons Media Collective™, the retail media arm for Albertsons Cos., is poised to help its brand partners reach their target audience through this widely used AI product. With agentic commerce experiences including AskAI and Albertsons AI in current use by Albertsons Cos. customers, the Collective’s catalog and content is optimized for use by large language models.
AI Across the Albertsons Cos. Enterprise
The OpenAI Ad Pilot Program builds on Albertsons Cos.’ strategy to modernize its capabilities through technology and AI. The company has embedded AI across many parts of the enterprise and is enabling its associate workforce to use the power of agentic AI and generative AI to do their best work. Most recently, Albertsons Cos. launched the Albertsons AI shopping assistant and AskAI designed to make grocery shopping faster, smarter and more personalized. Customers’ early adoption of these tools is already showing strong engagement and double-digit basket growth as customers discover new products more easily and plan meals faster.
Albertsons Cos. remains committed to the power of technology and AI, as evidenced by this early advertising test with OpenAI. By exploring new AI powered pathways to deepen customer engagement and personalize the shopping experience, the company continues to deliver on its promise to earn Customers for Life.
*Flash Terms & Conditions
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of November 29, 2025, the Company operated 2,243 retail food and drug stores with 1,708 pharmacies, 404 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. In 2024, along with the Albertsons Companies Foundation, the Company contributed more than $435 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies, Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's, and Star Market are trademarks of Albertsons Companies, Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260209314733/en/
media@albertsons.com
Original: Albertsons Companies Announces Participation in OpenAI Advertising Pilot Program
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