By Timothy Inklebarger
Source: Supermarket News
Strong digital and pharmacy growth helped to boost identical sales for Albertsons in the fourth quarter, but the grocery retailer’s stock dipped on Tuesday, following a reduction in its earnings estimate for the rest of 2025.
The Boise, Idaho-based retailer kicked off its earnings call with a message from outgoing CEO Vivek Sankaran, who gave a rosy outlook for the grocery chain.
“Within a few months since the termination of the merger, our mojo is back. We are executing once again like we used to …” Sankaran said.
Stock still dropped by more than 7% by mid-morning, though, due largely to the projections that Albertsons anticipates earnings per share to hover between $2.03 to $2.16 per share for the year ending Feb. 28. That’s lower than analyst consensus earnings estimates of $2.21 per share, according to EarningsWhispers.com.
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