Albertsons Companies, Inc. Reports Third Quarter Fiscal 2020 Results
Raises Fiscal 2020 Outlook
BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2020, which ended December 5, 2020.
Third Quarter of Fiscal 2020 Highlights
- Identical sales growth of 12.3%
- Digital sales growth of 225%
- Net income per share of $0.20; Adjusted net income per share of $0.66
- Net income of $124 million; Adjusted net income of $387 million
- Adjusted EBITDA of $968 million, an increase of 53% compared to the third quarter last year
- Executed debt refinancing and announced paydown to drive an additional $25 million in annualized interest savings
Posted On: January 12, 2021
