Albertsons Companies, Inc. Files 10-Q for Period Ending December 2, 2023

TL;DR

<b>Albertsons Companies, Inc. filed its quarterly report (10-Q) on January 9, 2024, detailing financial information for the period ending December 2, 2023.</b>

AI Summary

Albertsons Companies, Inc. (ACI) filed a Quarterly Report (10-Q) with the SEC on January 9, 2024. Albertsons Companies, Inc. filed a 10-Q report for the period ending December 2, 2023. The filing covers the third quarter of fiscal year 2023. The company's principal business is grocery store retail. The filing was made on January 9, 2024. The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking Albertsons Companies, Inc., this filing contains several important signals. This filing provides investors with the latest financial performance and operational details of Albertsons Companies, Inc. for the third quarter of fiscal year 2023. As a major grocery retailer, Albertsons' financial health and operational updates are crucial for understanding its position within the retail sector and its ability to navigate market conditions.

Risk Assessment

Risk Level: low — Albertsons Companies, Inc. shows low risk based on this filing. The risk is low as this is a standard quarterly filing (10-Q) providing routine financial updates, not indicating any immediate or significant adverse events.

Analyst Insight

Monitor future filings for detailed financial results, including revenue, net income, and any changes in debt or cash positions, to assess ongoing performance.

Key Numbers

• 2023-12-02 — Period End Date (Conformed period of report)
• 2024-01-09 — Filing Date (Filed as of date)
• 2023 — Fiscal Year (Fiscal year end)
• 5411 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Albertsons Companies, Inc. (company) — Filer name
• 2023-12-02 (date) — Conformed period of report
• 2024-01-09 (date) — Filed as of date
• 2023-02-26 (date) — Fiscal year start date
• 0224 (date) — Fiscal year end
• DE (jurisdiction) — State of incorporation
• 208-395-6200 (phone_number) — Business phone
• 001-39350 (sec_file_number) — SEC file number

Forward-Looking Statements

• Albertsons will likely maintain its current capital structure without issuing new preferred stock in the near term. (Albertsons Companies, Inc.) — medium confidence, target: 2024-06-30

FAQ

Industry Context

Albertsons Companies, Inc. operates in the grocery store retail sector. This filing provides insights into its performance within this competitive industry.

Regulatory Implications

The filing is a standard 10-Q, which is a quarterly report required by the SEC for publicly traded companies to provide updates on their financial condition.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Compare the reported period's financial metrics against previous quarters and the same period last year.
3. Analyze any disclosed risk factors or legal proceedings that may impact the company's future operations.

Key Dates

• 2023-12-02: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-01-09: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, which is a routine quarterly report. Specific comparative data from the previous filing (likely a 10-Q or 10-K) would be needed to assess changes.

Key Financial Figures

• $0.01 — which registered Class A common stock, $0.01 par value ACI New York Stock Exchange

Filing Documents

• aci-20231202.htm (10-Q) — 1234KB
• aciq3-23ex311.htm (EX-31.1) — 16KB
• aciq3-23ex312.htm (EX-31.2) — 17KB
• aciq3-23ex321.htm (EX-32.1) — 8KB
• aci-20231202_g1.jpg (GRAPHIC) — 25KB
• 0001646972-24-000009.txt (&nbsp;) — 5659KB
• aci-20231202.xsd (EX-101.SCH) — 28KB
• aci-20231202_cal.xml (EX-101.CAL) — 64KB
• aci-20231202_def.xml (EX-101.DEF) — 182KB
• aci-20231202_lab.xml (EX-101.LAB) — 512KB
• aci-20231202_pre.xml (EX-101.PRE) — 315KB
• aci-20231202_htm.xml (XML) — 707KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Page

- Condensed Consolidated Financial Statements (unaudited)

Item 1 - Condensed Consolidated Financial Statements (unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations and Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 8

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

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations 21

- Quantitative and Qualitative Disclosures About Market Risk

Item 3 - Quantitative and Qualitative Disclosures About Market Risk 34

- Controls and Procedures

Item 4 - Controls and Procedures 34

- OTHER INFORMATION

PART II - OTHER INFORMATION

- Legal Proceedings

Item 1 - Legal Proceedings 36

- Risk Factors

Item 1A - Risk Factors 36

- Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 36

- Defaults Upon Senior Securities

Item 3 - Defaults Upon Senior Securities 37

- Mine Safety Disclosures

Item 4 - Mine Safety Disclosures 37

- Other Information

Item 5 - Other Information 37

- Exhibits

Item 6 - Exhibits 37

SIGNATURES

SIGNATURES 38 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

- Condensed Consolidated Financial Statements (unaudited)

Item 1 - Condensed Consolidated Financial Statements (unaudited) Albertsons Companies, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in millions, except share data) (unaudited) December 2, 2023 February 25, 2023 ASSETS Current assets Cash and cash equivalents $ 222.7 $ 455.8 Receivables, net 828.4 687.6 Inventories, net 5,175.8 4,782.0 Other current assets 435.0 345.0 Total current assets 6,661.9 6,270.4 Property and equipment, net 9,417.1 9,358.7 Operating lease right-of-use assets 5,926.3 5,879.1 Intangible assets, net 2,450.8 2,465.4 Goodwill 1,201.0 1,201.0 Other assets 839.4 993.6 TOTAL ASSETS $ 26,496.5 $ 26,168.2 LIABILITIES Current liabilities Accounts payable $ 4,119.2 $ 4,173.1 Accrued salaries and wages 1,276.5 1,317.4 Current maturities of long-term debt and finance lease obligations 737.8 1,075.7 Current maturities of operating lease obligations 674.1 664.8 Other current liabilities 1,049.9 1,197.8 Total current liabilities 7,857.5 8,428.8 Long-term debt and finance lease obligations 7,797.0 7,834.4 Long-term operating lease obligations 5,514.1 5,386.2 Deferred income taxes 794.6 854.0 Other long-term liabilities 2,006.0 2,008.4 Commitments and contingencies Series A convertible preferred stock, $ 0.01 par value; 1,750,000 shares authorized, no shares issued and outstanding as of December 2, 2023 and 50,000 shares issued and outstanding as of February 25, 2023 — 45.7 Series A-1 convertible preferred stock, $ 0.01 par value; 1,410,000 shares authorized, no shares issued and outstanding as of December 2, 2023 and February 25, 2023 — — STOCKHOLDERS' EQUITY Undesignated preferred stock, $ 0.01 par value; 96,840,000 shares authorized, no shares issued as of December 2, 2023 and February 25, 2023 — — Class A common stock, $ 0.01 par value; 1,000,000,000 shares authorized, 594,390,891 and 590,968,600 shares issued as of December 2, 2023 and February 25, 2023, respectively 5.9 5.9 Class A-1 convert

View Full Filing

View this 10-Q filing on SEC EDGAR