While reporting financial results for the third quarter on Wednesday, food and drug retailer Albertsons Cos., Inc. (ACI) trimmed its adjusted income and identical sales growth guidance for the full-year 2025.
For fiscal 2025, the company now projects adjusted earnings in a range of $2.08 to $2.16 per share on identical sales growth of 2.2 to 2.5 percent.
Previously, the company expected adjusted earnings in the range of $2.06 to $2.19 per share on identical sales growth of 2.2 to 2.75 percent.
On average, 20 analysts polled expect the company to report earnings of $2.15 per share for the year. Analysts' estimates typically exclude special items.
For the third quarter, the company reported net income of $293.3 million or $0.55 per share, sharply lower than $400.6 million or $0.69 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.72 per share, compared to $0.71 per share in the year-ago quarter.
Net sales and other revenue for the quarter grew 1.9 percent to $19.12 billion from $18.77 billion in the same quarter last year. Identical sales increased 2.4 percent and Digital sales increased 21 percent.
The Street was looking for earnings of $0.68 per share on revenues of $19.17 billion for the quarter.
The company also announced that its Board of Directors has declared a cash dividend for the fourth quarter of fiscal 2025 of $0.15 per share of common stock, payable on February 6, 2026, to stockholders of record as of the close of business on January 23, 2026.
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