Albertsons Companies, Inc. (NYSE: ACI) disclosed its fourth-quarter financial results prior to the market opening.
- While earnings experienced a decrease, the company’s revenue demonstrated a positive year-over-year growth.
- The company reported adjusted earnings of $0.46 per share for the fourth quarter, surpassing the consensus estimate of $0.40.
- In the fourth quarter, the firm generated revenues of $18.8 billion, exceeding the projected $18.79 billion.
- The financial results showcased a 2.5 percent increase in revenue compared to the previous year, although earnings declined by 14.8 percent.
- The company has established an earnings target ranging from $2.03 to $2.16 per share for the fiscal year 2025, while analysts on Wall Street anticipate earnings of $2.28 per share from revenues.
