The withdrawal of FY2026 guidance creates a visibility void until Q4 earnings (expected early 2027). Watch for any early signals from the comprehensive business review, particularly around potential store closures, banner divestitures, or cost restructuring actions that could reshape the earnings trajectory.
Price Chart
Executive Summary
Albertsons Q2 FY2026 results showed continued deterioration: net sales fell 0.1% YoY to $18.89B, identical sales declined 0.8%, GAAP net income dropped 69% to $51.5M, and adjusted EBITDA fell 7.6% to $784M. The company withdrew its FY2026 outlook pending a comprehensive business review, citing a cost structure it 'can no longer afford.'
Key Financial Metrics
Key Facts
- Net sales and other revenue decreased 0.1% YoY to $18,894.7M from $18,915.8M
- Identical sales decreased 0.8%
- GAAP net income fell 69.4% to $51.5M from $168.5M YoY
- Adjusted net income fell 28.0% to $179.0M from $248.4M YoY
- Adjusted EBITDA fell 7.6% to $784.0M from $848.4M YoY
- Adjusted EPS of $0.36 vs consensus estimate of $0.33 (beat by 9.1%)
- Company withdrew FY2026 outlook, will not provide updated guidance until Q4 business review completion
- Net debt ratio increased to 2.42x from 2.02x YoY
- Operating income declined 40.9% to $174.5M from $295.3M YoY
- Gross margin contracted 20bps to 26.8% from 27.0% YoY
- Net loss on property dispositions and impairment losses was $42.4M vs $4.4M YoY
- Company repurchased 26.0M shares for $387.6M in first 28 weeks of FY2026
Financial Impact
Net income declined $117M YoY; adjusted EBITDA declined $64.4M YoY; operating income declined $120.8M YoY
Risk Factors
- Continued identical sales decline of 0.8% signals ongoing market share loss and consumer pressure
- Withdrawn guidance creates uncertainty and removes near-term earnings visibility
- Net debt ratio rising to 2.42x from 2.02x YoY amid declining EBITDA
- Impairment losses of $42.4M suggest potential further store-level asset writedowns
- Merger-related litigation costs continue to weigh on earnings
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001646972-26-000059 |
| Document: aci-20261013.htm | 0001646972-26-000059 |
| Document: 0001646972-26-000059-index-headers.html | 0001646972-26-000059 |
| Document: 0001646972-26-000059-index.html | 0001646972-26-000059 |
| Document: 0001646972-26-000059.txt | 0001646972-26-000059 |
| 8-K Data (Synthetic) | 0001646972-26-000059 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $13.87 | awaiting T+20 | — | $13.66 (−1.48%) |
Oct 20, 2026 7d ago | Court Ruling | $13.20 | awaiting T+20 | — | $13.66 (+3.55%) |
Oct 16, 2026 10d ago | 3 | $12.98 | awaiting T+20 | — | $13.66 (+5.29%) |
Oct 15, 2026 11d ago | 8-K | $12.93 | awaiting T+20 | — | $13.66 (+5.69%) |
Oct 15, 2026 12d ago | Court Ruling | $12.93 | awaiting T+20 | — | $13.66 (+5.69%) |
Oct 13, 2026 14d ago | 8-K | $12.56 | awaiting T+20 | — | $13.66 (−8.76%) |
Sep 10, 2026 6w ago | 3 | $12.08 $12.19 | ▲ +0.91% | ▼ −0.96% | $13.66 (+13.12%) |
Sep 9, 2026 6w ago | 8-K | $11.85 $11.74 | ▼ −0.93% | ▼ −3.13% | $13.66 (+15.32%) |
Aug 26, 2026 8w ago | Court Ruling | $12.23 $11.67 | ▲ +4.58% | ▲ +4.61% | $13.66 (−11.73%) |
Aug 12, 2026 10w ago | Institutional Cluster | $12.01 $11.70 | ▲ +2.58% | ▲ +0.68% | $13.66 (−13.78%) |
US Market Status
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