Albertsons Files 10-Q: Financials for Q1 2024

TL;DR

Albertsons 10-Q filed. Financials for Q1 2024 are in. Check it out.

AI Summary

Albertsons Companies, Inc. filed its 10-Q for the period ending June 15, 2024. The filing details financial performance and operational updates for the company. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the grocery retail sector.

Why It Matters

This filing provides investors and analysts with a detailed look at Albertsons' financial health and operational performance during the first quarter of fiscal year 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the grocery sector can be subject to economic fluctuations and competitive pressures.

Key Numbers

• 20240615 — Fiscal Period End Date (Indicates the end of the reporting quarter.)
• 20240723 — Filing Date (Date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Albertsons Companies, Inc. (company) — Filer
• 20240615 (date) — Period of Report
• 20240723 (date) — Filing Date
• BOISE, ID (location) — Business Address

FAQ

Key Financial Figures

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

Filing Documents

• aci-20240615.htm (10-Q) — 869KB
• aciq1-24ex311.htm (EX-31.1) — 16KB
• aciq1-24ex312.htm (EX-31.2) — 17KB
• aciq1-24ex321.htm (EX-32.1) — 8KB
• aci-20240615_g1.jpg (GRAPHIC) — 25KB
• 0001646972-24-000165.txt ( ) — 4963KB
• aci-20240615.xsd (EX-101.SCH) — 28KB
• aci-20240615_cal.xml (EX-101.CAL) — 62KB
• aci-20240615_def.xml (EX-101.DEF) — 177KB
• aci-20240615_lab.xml (EX-101.LAB) — 472KB
• aci-20240615_pre.xml (EX-101.PRE) — 317KB
• aci-20240615_htm.xml (XML) — 561KB

- 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 7

- 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 18

- Quantitative and Qualitative Disclosures About Market Risk

Item 3 - Quantitative and Qualitative Disclosures About Market Risk 29

- Controls and Procedures

Item 4 - Controls and Procedures 29

- OTHER INFORMATION

PART II - OTHER INFORMATION

- Legal Proceedings

Item 1 - Legal Proceedings 30

- Risk Factors

Item 1A - Risk Factors 30

- Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 30

- Defaults Upon Senior Securities

Item 3 - Defaults Upon Senior Securities 31

- Mine Safety Disclosures

Item 4 - Mine Safety Disclosures 31

- Other Information

Item 5 - Other Information 31

- Exhibits

Item 6 - Exhibits 31

SIGNATURES

SIGNATURES 32 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) June 15, 2024 February 24, 2024 ASSETS Current assets Cash and cash equivalents $ 291.1 $ 188.7 Receivables, net 809.4 724.4 Inventories, net 4,720.0 4,945.2 Other current assets 387.4 429.2 Total current assets 6,207.9 6,287.5 Property and equipment, net 9,509.8 9,570.3 Operating lease right-of-use assets 6,017.7 5,981.6 Intangible assets, net 2,415.4 2,434.5 Goodwill 1,201.0 1,201.0 Other assets 725.2 746.2 TOTAL ASSETS $ 26,077.0 $ 26,221.1 LIABILITIES Current liabilities Accounts payable $ 3,898.2 $ 4,218.2 Accrued salaries and wages 1,196.4 1,302.6 Current maturities of long-term debt and finance lease obligations 82.6 285.2 Current maturities of operating lease obligations 675.0 677.6 Other current liabilities 1,213.8 974.1 Total current liabilities 7,066.0 7,457.7 Long-term debt and finance lease obligations 7,774.8 7,783.4 Long-term operating lease obligations 5,610.3 5,493.2 Deferred income taxes 754.8 807.6 Other long-term liabilities 1,958.0 1,931.7 Commitments and contingencies STOCKHOLDERS' EQUITY Class A common stock, $ 0.01 par value; 1,000,000,000 shares authorized, 597,494,242 and 594,445,268 shares issued as of June 15, 2024 and February 24, 2024, respectively 6.0 5.9 Additional paid-in capital 2,126.2 2,129.6 Treasury stock, at cost, 18,404,201 and 18,397,745 shares held as of June 15, 2024 and February 24, 2024, respectively ( 304.2 ) ( 304.2 ) Accumulated other comprehensive income 86.7 88.0 Retained earnings 998.4 828.2 Total stockholders' equity 2,913.1 2,747.5 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 26,077.0 $ 26,221.1 The accompanying notes are an integral part of these Condensed Consolidated Financial Statements. 3 Table of Contents Albertsons Companies, Inc. and Subsidiaries Condensed Con

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View this 10-Q filing on SEC EDGAR