Albertsons Q1 net income down to $240.7m ($0.41 per share) from $417.2m ($0.72 per share) in last year, despite 1.
Albertsons Companies' Q1 earnings were down from last year, with net income at $240.7m ($0.41 per share), vs $417.2m ($0.72 per share) in 2023. Adjusted net income was $391.6m ($0.66 per share) compared to $545.7m ($0.93 per share) in 2023. The company reported a 1.4% increase in identical sales, driven by pharmacy growth and a 23% increase in digital sales. Revenue was $24.3bn, beating analyst predictions.
July 23, 2024
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