Albertsons Files 10-Q for Period Ending Sept 7, 2024
Ticker: ACI · Form: 10-Q · Filed: Oct 15, 2024 · CIK: 1646972
| Field | Detail |
|---|---|
| Company | Albertsons Companies, Inc. (ACI) |
| Form Type | 10-Q |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
**Albertsons 10-Q filed! Get the latest on their financials.**
AI Summary
Albertsons Companies, Inc. filed its 10-Q for the period ending September 7, 2024. The filing details financial performance and operational updates for the grocery store chain. Specific financial figures and operational metrics are provided within the report.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of Albertsons, a major player in the grocery retail sector.
Risk Assessment
Risk Level: medium — As a publicly traded company in the competitive grocery sector, Albertsons faces ongoing market risks, operational challenges, and potential regulatory changes.
Key Players & Entities
- Albertsons Companies, Inc. (company) — Filer of the 10-Q
- 2024-09-07 (date) — End of reporting period
- 2024-10-15 (date) — Filing date
- BOISE, ID (location) — Company headquarters and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the period ending September 7, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed with the SEC on October 15, 2024.
What is the Standard Industrial Classification for Albertsons Companies, Inc.?
The Standard Industrial Classification for Albertsons Companies, Inc. is RETAIL-GROCERY STORES [5411].
What is the company's state of incorporation?
Albertsons Companies, Inc. is incorporated in Delaware (DE).
What is the company's fiscal year end?
The company's fiscal year ends on February 22 (0222).
Filing Stats: 4,789 words · 19 min read · ~16 pages · Grade level 8.1 · Accepted 2024-10-15 08:33:05
Key Financial Figures
- $0.01 — which registered Class A common stock, $0.01 par value ACI New York Stock Exchange
Filing Documents
- aci-20240907.htm (10-Q) — 1139KB
- aciq2-24ex311.htm (EX-31.1) — 16KB
- aciq2-24ex312.htm (EX-31.2) — 17KB
- aciq2-24ex321.htm (EX-32.1) — 8KB
- aci-20240907_g1.jpg (GRAPHIC) — 25KB
- 0001646972-24-000225.txt ( ) — 5635KB
- aci-20240907.xsd (EX-101.SCH) — 29KB
- aci-20240907_cal.xml (EX-101.CAL) — 65KB
- aci-20240907_def.xml (EX-101.DEF) — 183KB
- aci-20240907_lab.xml (EX-101.LAB) — 482KB
- aci-20240907_pre.xml (EX-101.PRE) — 323KB
- aci-20240907_htm.xml (XML) — 731KB
- 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 35
- Risk Factors
Item 1A - Risk Factors 35
- Unregistered Sales of Equity Securities and Use of Proceeds
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 35
- Defaults Upon Senior Securities
Item 3 - Defaults Upon Senior Securities 36
- Mine Safety Disclosures
Item 4 - Mine Safety Disclosures 36
- Other Information
Item 5 - Other Information 36
- Exhibits
Item 6 - Exhibits 36
SIGNATURES
SIGNATURES 37 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) September 7, 2024 February 24, 2024 ASSETS Current assets Cash and cash equivalents $ 280.0 $ 188.7 Receivables, net 897.6 724.4 Inventories, net 5,042.7 4,945.2 Other current assets 426.3 429.2 Total current assets 6,646.6 6,287.5 Property and equipment, net 9,551.4 9,570.3 Operating lease right-of-use assets 6,022.6 5,981.6 Intangible assets, net 2,377.9 2,434.5 Goodwill 1,201.0 1,201.0 Other assets 728.9 746.2 TOTAL ASSETS $ 26,528.4 $ 26,221.1 LIABILITIES Current liabilities Accounts payable $ 4,221.9 $ 4,218.2 Accrued salaries and wages 1,352.2 1,302.6 Current maturities of long-term debt and finance lease obligations 129.1 285.2 Current maturities of operating lease obligations 679.3 677.6 Other current liabilities 1,039.9 974.1 Total current liabilities 7,422.4 7,457.7 Long-term debt and finance lease obligations 7,779.3 7,783.4 Long-term operating lease obligations 5,615.1 5,493.2 Deferred income taxes 727.5 807.6 Other long-term liabilities 1,963.8 1,931.7 Commitments and contingencies STOCKHOLDERS' EQUITY Class A common stock, $ 0.01 par value; 1,000,000,000 shares authorized, 597,711,686 and 594,445,268 shares issued as of September 7, 2024 and February 24, 2024, respectively 6.0 5.9 Additional paid-in capital 2,152.3 2,129.6 Treasury stock, at cost, 18,404,201 and 18,397,745 shares held as of September 7, 2024 and February 24, 2024, respectively ( 304.2 ) ( 304.2 ) Accumulated other comprehensive income 92.6 88.0 Retained earnings 1,073.6 828.2 Total stockholders' equity 3,020.3 2,747.5 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 26,528.4 $ 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