Albertsons (NYSE:ACI) Reports Q3 CY2026 In Line With Expectations

Albertsons (NYSE:ACI) reported Q2 2026 identical sales down 0.8%, adjusted EBITDA $784M, and adjusted EPS $0.36. E-commerce sales grew 11%, while pharmacy sales remained strong. The company aims for $2B in cost savings over three years and is reviewing its business to enhance shareholder value. Albertsons generated $1.2B in operating cash flow and repurchased $400M in shares in the first half of 2026.

Albertsons reported a 69% drop in Q2 net income to $51.5M, with sales down 0.1% to $18.89B. Adjusted EPS of $0.36 and revenue beat analyst estimates. The company suspended fiscal 2026 guidance and launched a business review to cut costs and improve strategy, targeting an investor day in spring 2027. Albertsons also declared a $0.17 quarterly dividend and repurchased 26M shares for $387.6M. The company is pursuing a $9.3B lawsuit against Kroger over a failed merger.

Albertsons reported Q2 2026 sales of $18.89B, down slightly from $18.92B a year ago, with net income falling to $51.5M from $168.5M. EPS from continuing operations was $0.11, down from $0.30. For the six months, sales were $43.84B, up from $43.80B, with net income at $136.2M, down from $404.9M. EPS was $0.28, down from $0.71.

Albertsons withdrew its fiscal 2026 outlook and announced a business review to cut costs, lower prices, and boost sales. The grocer faces challenges from cautious consumer spending and market share losses. CEO Susan Morris and Executive Chair Meg Whitman aim to accelerate turnaround efforts. Shares rose 2% on Tuesday, despite a 27% decline year-to-date. Q2 adjusted profit beat estimates at $0.36 per share.

Albertsons (ACI) reported Q2 adjusted EPS of $0.36, beating estimates by $0.03, with revenue at $18.89B, flat YoY. However, comparable sales fell 0.8%, and profitability weakened, prompting the company to withdraw its 2026 guidance. The retailer announced a business review to cut costs and improve operations. Shares dropped 1.12% in pre-market trading.

Albertsons (ACI) reported Q2 earnings that exceeded estimates but saw net income decline due to higher costs. The company withdrew its FY26 guidance to focus on a turnaround plan, causing shares to trade lower.