Grocery retailer Albertsons (NYSE: ACI) will be reporting results this Tuesday before the bell. Here’s what you need to know.
Albertsons met analysts’ revenue expectations last quarter, reporting revenues of $18.92 billion, up 2% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EBITDA estimates but a slight miss of analysts’ gross margin estimates.
Is Albertsons a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Albertsons’s revenue to grow 1.9% year on year, in line with the 1.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Albertsons has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Albertsons’s peers in the non-discretionary retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Kroger delivered year-on-year revenue growth of 1.2%, missing analysts’ expectations by 0.8%, and Grocery Outlet reported revenues up 10.7%, falling short of estimates by 0.6%. Kroger traded up 9% following the results while Grocery Outlet was down 27.9%.
Read our full analysis of Kroger’s results here and Grocery Outlet’s results here.
There has been positive sentiment among investors in the non-discretionary retail segment, with share prices up 3.3% on average over the last month. Albertsons’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $22.06 (compared to the current share price of $17.26).
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