Market Updates
Albertsons Beats Estimates, Guides Elevated Inflation for 6 Months
Scott Peters
12 Apr, 2022
New York City
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Albertsons's fourth quarter sales increased 10% to $17.4 billion and net income to $455 million compared to a loss of $144 million a year ago. Earnings per share increased to 79 cents from a loss of 37 cents a year ago. Gross margin edged down to 28.7%. For fiscal 2022 the retailer estimated adjusted earnings between $2.70 and $2.85 a share and capex between $2.0 and $2.1 billion.
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Earnings
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