Albertsons Companies Q4 and FY 2024 Results

Albertsons reported Q4 2024 net income of $172 million ($0.29 per share) and adjusted net income of $270 million ($0.46 per share). Adjusted EBITDA was $855 million. Identical sales rose 2.3%, and digital sales grew 24%. For FY 2024, net income was $959 million ($1.64 per share), adjusted net income was $1.38 billion ($2.34 per share), and adjusted EBITDA reached $4 billion.

The company remodeled 127 stores, opened 11 new locations, and announced a $2 billion share repurchase program. It also raised its quarterly dividend from $0.12 to $0.15 per share.

Looking ahead, fiscal 2025 guidance includes:
- identical sales growth of 1.5%–2.5%
- adjusted EBITDA of $3.8–$3.9 billion
- adjusted EPS of $2.03–$2.16 (including a $0.03 boost from a 53rd week)
- capital expenditures of $1.7–$1.9 billion

CEO Vivek Sankaran will retire May 1, 2025, with COO Susan Morris set to take over.