| Symbol | Price | Change | %Change |
|---|---|---|---|
| ACI | $20.87 | -0.34 | -1.60 |
Albertsons Companies topped Wall Street revenue and profit predictions.
Fiscal fourth quarter revenue rose 5% to $18.27 billion, which is higher than the estimated $18.22 billion.
Identical sales increased 5.6% and digital sales rose 16%.Net income was $311.1 million, down from $455.1 million prior year.
The supermarket chain reported profits of 79 cents per share, 4 cents higher than the same quarter last year when the company reported earnings per share of 75 cents. Profits of 67 cents per share were anticipated by the fifteen analysts providing estimates for the quarter.
Albertsons brands include 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.
Reuters contributed to this report.
