Albertsons Companies, Inc. Files 2024 10-K Report

TL;DR

<b>Albertsons Companies, Inc. has filed its 2024 10-K annual report detailing its financial performance and business operations for the fiscal year ending February 24, 2024.</b>

AI Summary

Albertsons Companies, Inc. (ACI) filed a Annual Report (10-K) with the SEC on April 22, 2024. Albertsons Companies, Inc. filed its annual 10-K report for the fiscal year ending February 24, 2024. The filing covers the period from February 27, 2023, to February 24, 2024. The company's principal business address is 250 Parkcenter Blvd., Boise, ID 83706. The filing includes information on various financial statement line items and disclosures. The report is filed under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking Albertsons Companies, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Albertsons' financial health, operational performance, and strategic positioning for the fiscal year 2023. Investors and analysts can use this report to assess the company's financial stability, growth prospects, and potential risks as of February 24, 2024.

Risk Assessment

Risk Level: medium — Albertsons Companies, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual disclosure. However, the absence of specific financial performance data within the provided header information limits a deeper risk assessment.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand Albertsons' performance and outlook.

Key Numbers

• 2024-02-24 — Fiscal Year End (Conformed period of report)
• 2024-04-22 — Filing Date (Date the report was filed)
• 2023-02-26 — Prior Fiscal Year End (Previous fiscal year end date)
• 2022-02-27 — Prior Prior Fiscal Year End (Fiscal year end date prior to the previous one)

Key Players & Entities

• Albertsons Companies, Inc. (company) — Filer name
• 250 Parkcenter Blvd. (address) — Business and mailing address
• Boise (location) — City for business and mailing address
• ID (location) — State for business and mailing address
• 83706 (postal_code) — ZIP code for business and mailing address
• 208-395-6200 (phone_number) — Business phone number
• 1934 Act (regulation) — SEC Act under which the filing is made
• 001-39350 (identifier) — SEC file number

FAQ

Industry Context

Albertsons Companies, Inc. operates in the grocery store retail sector.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial statements and disclosures.
2. Compare key financial metrics from this filing to previous periods.
3. Review the 'Risk Factors' section for potential challenges and uncertainties facing Albertsons.

Key Dates

• 2024-02-24: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-22: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial header information for the 2024 10-K filing, indicating the end of the fiscal year 2023 and the filing date.

Key Financial Figures

• $0.01 — which registered Class A common stock, $0.01 par value ACI New York Stock Exchange
• $16.5 billion — rs, as evidenced by Own Brands sales of $16.5 billion in fiscal 2023. As measured by units

Filing Documents

• aci-20240224.htm (10-K) — 2571KB
• ex104-nonxemployeedirector.htm (EX-10.4) — 17KB
• ex1018-tbrsufy24.htm (EX-10.18) — 65KB
• ex1019-pbrsufy24.htm (EX-10.19) — 88KB
• ex211-acisubsidiarylist.htm (EX-21.1) — 75KB
• ex231-consent.htm (EX-23.1) — 2KB
• aciq4-23ex311.htm (EX-31.1) — 17KB
• aciq4-23ex312.htm (EX-31.2) — 17KB
• aciq4-23ex321.htm (EX-32.1) — 8KB
• ex971-clawbackpolicy.htm (EX-97.1) — 45KB
• aci-20240224_g1.jpg (GRAPHIC) — 25KB
• aci-20240224_g2.jpg (GRAPHIC) — 114KB
• 0001646972-24-000060.txt (&nbsp;) — 15053KB
• aci-20240224.xsd (EX-101.SCH) — 87KB
• aci-20240224_cal.xml (EX-101.CAL) — 145KB
• aci-20240224_def.xml (EX-101.DEF) — 503KB
• aci-20240224_lab.xml (EX-101.LAB) — 1096KB
• aci-20240224_pre.xml (EX-101.PRE) — 804KB
• aci-20240224_htm.xml (XML) — 2625KB

- Business

Item 1 - Business 8

- Risk Factors

Item 1A - Risk Factors 14

- Unresolved Staff Comments

Item 1B - Unresolved Staff Comments 30

- Cybersecurity

Item 1C - Cybersecurity 31

- Properties

Item 2 - Properties 33

- Legal Proceedings

Item 3 - Legal Proceedings 33

- Mine Safety Disclosures

Item 4 - Mine Safety Disclosures 34 PART II 35

- Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5 - Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35

- [Reserved]

Item 6 - [Reserved] 37

- Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations 38

- Quantitative and Qualitative Disclosures About Market Risk

Item 7A - Quantitative and Qualitative Disclosures About Market Risk 50

- Financial Statements and Supplementary Data

Item 8 - Financial Statements and Supplementary Data 52

- Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9 - Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 101

- Controls and Procedures

Item 9A - Controls and Procedures 102

- Other Information

Item 9B - Other Information 102

- Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C - Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 102 PART III 103

- Directors, Executive Officers and Corporate Governance

Item 10 - Directors, Executive Officers and Corporate Governance 103

- Executive Compensation

Item 11 - Executive Compensation 103

- Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12 - Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 103

- Certain Relationships and Related Transactions, and Director Independence

Item 13 - Certain Relationships and Related Transactions, and Director Independence 103

- Principal Accountant Fees and Services

Item 14 - Principal Accountant Fees and Services 103 PART IV 104

- Exhibits, Financial Statement Schedules

Item 15 - Exhibits, Financial Statement Schedules 104

- Form 10-K Summary

Item 16 - Form 10-K Summary 108

SIGNATURES

SIGNATURES 109 Table of Contents As used in this Annual Report on Form 10-K, unless the context otherwise requires, references to "Albertsons," the "Company," "ACI," "we," "us" and "our" refer to Albertsons Companies, Inc. and, where appropriate, its consolidated subsidiaries. Our last three fiscal years consisted of the 52 weeks ended February 24, 2024 ("fiscal 2023"), the 52 weeks ended February 25, 2023 ("fiscal 2022") and the 52 weeks ended February 26, 2022 ("fiscal 2021"). Our next three fiscal years consist of the 52 weeks ending February 22, 2025 ("fiscal 2024"), the 53 weeks ending February 28, 2026 ("fiscal 2025"), and the 52 weeks ending February 27, 2027 ("fiscal 2026"). PART I SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include our current expectations, assumptions, estimates and projections about our business, our industry and the outcome of the Merger. They include statements relating to our future operating or financial performance which the Company believes to be reasonable at this time. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future", "intends" and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. Risks and uncertainties that could cause actual results to differ materially from such statements include: uncertainties related to the Merger, including our ability to close the transactions contemplated by the Merger Agree

- Business

Item 1 - Business Overview Albertsons is one of the largest food and drug retailers in the United States, with both strong local presence and national scale. We also manufacture and process some of the food for sale in our stores. We maintain a website (www.Albertsonscompanies.com) that includes additional information about the Company. We make available through our website, free of charge, our annual reports on Form 10-K, our quarterly reports on Form 10-Q, our current reports on Form 8-K and our interactive data files, including amendments to those reports. These forms are available as soon as reasonably practicable after we have filed them with, or furnished them electronically to, the Securities and Exchange Commission ("SEC"). Additionally, all of our filings with the SEC can be accessed on the SEC's website at www.sec.gov. Retail Operations As of February 24, 2024, we operated 2,269 stores across 34 states and the District of Columbia under more than 20 well known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci's Food Lovers Market . Additionally, as of February 24, 2024, we operated 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Our stores operate in First-and-Main retail locations and have leading market share within attractive and growing geographies. We hold a #1 or #2 position by market share in 70% of the 121 metropolitan statistical areas ("MSAs") in which we operate. Our portfolio of well-located, full-service stores provides the foundation of our omnichannel platform, and we have continued to enhance our capabilities, including automated self-checkout options, to meet customer demand for convenience and flexibility. Our Drive Up & Go curbside pickup service is offered

View Full Filing

View this 10-K filing on SEC EDGAR