Grocer Albertsons' Q2 revenue dips on identical weakness, suspends FY forecast
ACI•Albertsons' fiscal second-quarter revenue was $18.89 billion, slightly above estimates, while identical sales fell 0.8%. Adjusted EPS was $0.36, and the company suspended its fiscal 2026 outlook while it conducts a comprehensive business review.
1. Quarterly results
Albertsons reported fiscal second-quarter revenue of $18.89 billion, slightly above the $18.87 billion analyst consensus. Adjusted EPS of $0.36 and adjusted net income of $179 million also beat estimates of $0.33 and $161.20 million, respectively.
2. Outlook suspended
The company said lower net sales reflected a 0.8% decline in identical sales. Digital sales increased 11%, while higher delivery and handling costs related to digital growth and increased shrink weighed on the gross margin rate. Albertsons suspended its fiscal 2026 outlook while conducting a comprehensive business review and expects to provide a refreshed financial framework by its fourth-quarter earnings call; it plans an investor day in spring 2027.
