Albertsons (ACI) Q2 2026 Earnings
How Did ACI Stock React to Q2 2026 Earnings?
Did ACI Beat Earnings? Q2 2026 Results
Yes. Albertsons reported Q2 2026 earnings of $0.36 a share on Oct 13, 2026, beating the $0.33 consensus estimate by 9.6%. Revenue was $18.9B against a $18.9B estimate.
Albertsons Companies posted a mixed but ultimately cautious quarter, beating Wall Street's profit and revenue targets while revealing the depth of operational challenges that prompted management to scrap its full-year outlook entirely. Adjusted EPS of $0.36 edged past the $0.33 consensus by 9.62%, and net sales of $18.89 billion nudged ahead of the $18.86 billion estimate, though revenue slipped 0.1% year over year as identical sales fell 0.8%. The more telling story was the sharp deterioration in profitability beneath the adjusted figures: GAAP net income collapsed to $51.50 million from $168.50 million a year ago, weighed down by higher property impairment charges, rising interest expense of $125.00 million, and gross margin compression driven by delivery costs tied to digital growth and elevated shrink. Adjusted EBITDA fell to $784.00 million from $848.40 million. CEO Susan Morris responded by launching a sweeping business review, consolidating 11 divisions into four regions under a restructuring called ACI Edge, with a refreshed financial framework and turnaround plan now expected alongside the Q4 earnings call and an investor day set for Spring 2027.
- Digital sales increased 11% during Q2 fiscal 2026
- Pharmacy sales continued to grow despite IRA headwinds
- Identical sales declined 0.8%
- Gross margin rate decreased to 26.8% from 27.0% driven by higher delivery/handling costs and shrink
- Selling and administrative expenses rose to 25.6% of revenue due to sales deleveraging
- Higher fuel sales partially offset the decline in net sales
- Productivity and cost management initiatives offset inflationary pressures on operating expenses
- Property impairment losses of $42.4 million versus $4.4 million in prior year
- Interest expense increased to $125.0 million from $105.3 million due to higher average outstanding borrowings
“Although our second quarter performance was in-line with the expectations in our revised outlook, our results do not reflect the potential of the Company. We are launching a comprehensive business review to speed up improvements in Albertsons' performance and tackle even harder a cost structure we can no longer afford. Our work will find opportunities to simplify the organization, improve decision-making, reinvest savings in customer value, and boost long-term shareholder returns.”
Albertsons CEO, on the earnings call
What Is Albertsons's Outlook?
The company withdrew its fiscal 2026 outlook and will not provide updated guidance until the comprehensive business review is completed during Q4. The company expects to provide a refreshed financial framework, both short and long-term, alongside its comprehensive turnaround plan by its fourth quarter earnings call. An investor day is planned for Spring 2027.
ACI YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $18.9B | $18.9B | −0.1% |
| Gross Profit | $5.1B | $5.1B | −1.0% |
| Operating Income | $174.5M | $299.7M | −41.8% |
| Net Income | $51.5M | $168.5M | −69.4% |
Figures from SEC filings and company reports. Not investment advice.