Grocer Albertsons' Q2 revenue dips on identical weakness, suspends FY forecast

Albertsons Companies

13/10/2026 12:41

Overview
U.S. food and drug retailer's fiscal Q2 revenue slightly beat analyst expectations
Adjusted EPS and adjusted net income for Q2 beat analyst expectations
Company launched comprehensive business review, suspending fiscal 2026 outlook

Outlook
Company is no longer providing a fiscal 2026 outlook until business review is completed
Albertsons expects to provide a refreshed financial framework by its fourth quarter earnings call
Company plans to host an investor day in Spring 2027

Result Drivers
IDENTICAL SALES DECLINE - Co said decrease in net sales was driven by a 0.8% drop in identical sales
DIGITAL SALES GROWTH - Digital sales increased 11% in Q2, contributing to overall performance
INCREASED DELIVERY AND SHRINK COSTS - Gross margin rate fell due to higher delivery and handling costs from digital sales growth and increased shrink

Company press release: ID:nBw52sNYGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$18.89 bln
$18.87 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$0.36
$0.33 (18 Analysts)
Q2 EPS
 
$0.11
 
Q2 Adjusted Net Income
Beat
$179 mln
$161.20 mln (13 Analysts)
Q2 Identical Sales Growth
 
-0.80%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 13 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy."
Wall Street's median 12-month price target for Albertsons Companies, Inc. is $12.57, about 0.2% above its October 12 closing price of $12.54
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)