Albertsons Quarterly Performance Report: Q4 2021

Albertsons Fourth Quarter Highlights

• The two-year stack increased by 14.6 percent, while sales without gasoline increased by 4.0 percent
• Digital Sales have surged by 105 percent during the last two years
• $965 million in operating profit; $1,014 million in adjusted FIFO operating profit
• $0.75 EPS; $0.91 EPS (adjusted)

Source: Albertsons Companies, Inc. - Investors - Financial Reports - Quarterly Results

FY2021 Highlights

• Identical sales fell 0.1 percent, but identical sales grew 16.8 percent on a two-year stacking basis 
• Digital sales grew by 5%; on a two-year stacking basis, digital sales surged by 263 percent
• $1,620 million in net profits, or $2.70 per share
• $1,781 million in adjusted net profits, or $3.07 per share
• $4,398 million in adjusted EBITDA

Source: Albertsons Companies, Inc. - Investors - Financial Reports - Quarterly Results

Albertsons YoY Financial Comparison Fourth Quarter

• Total company sales were $17.38 billion in the fourth quarter, compared to $15.77 billion for the same period last year
• The expense ratio went down from approximately 101.1% in the fourth quarter of 2020 to 96.20% in the same period this year
• The Operating Income Ratio increased from (1.10)% in Q4 2020 to 3.80% for the same period this year
• Net Earnings Ratio increased from (.90)% in Q4 2020 to 2.60% for the same period this year

Source: Albertsons Companies, Inc. - Investors - Financial Reports - Quarterly Results

FY 2022 Outlook

• In fiscal 2022, identical sales of around 2% to 3% are expected
• Adjusted EBITDA is expected to be in the $4.15 billion to $4.25 billion range
• Net income per share adjusted to be in the range of $2.70 to $2.85 per share
• Excluding discrete items, the effective tax rate is in the range of 23 percent to 24 percent
• Budgeted capital expenditures of $2.0 billion to $2.1 billion

Source: Albertsons Companies, Inc. - Investors - Financial Reports - Quarterly Results