Albertsons Files 10-Q for Q3 FY24
Ticker: ACI · Form: 10-Q · Filed: Jan 8, 2025 · CIK: 1646972
| Field | Detail |
|---|---|
| Company | Albertsons Companies, Inc. (ACI) |
| Form Type | 10-Q |
| Filed Date | Jan 8, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
Related Tickers: ACI
TL;DR
**ACI Q3 FY24 10-Q filed. Financials and operations detailed.**
AI Summary
Albertsons Companies, Inc. filed its 10-Q for the period ending November 30, 2024. The filing details financial performance and operational updates for the third quarter of fiscal year 2024. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with a detailed look at Albertsons' financial health and operational performance during the third quarter, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and any disclosed risks within this report could impact the company's stock.
Key Players & Entities
- Albertsons Companies, Inc. (company) — Filer of the 10-Q
- 20241130 (date) — End of the reporting period
- 20250108 (date) — Filing date
- 83706 (dollar_amount) — ZIP code for business address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on January 8, 2025.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001646972.
What is the Standard Industrial Classification (SIC) code for Albertsons?
The SIC code for Albertsons is 5411, which corresponds to RETAIL-GROCERY STORES.
What is the company's fiscal year end?
Albertsons' fiscal year ends on February 22.
Filing Stats: 4,855 words · 19 min read · ~16 pages · Grade level 7.6 · Accepted 2025-01-08 07:32:49
Key Financial Figures
- $0.01 — which registered Class A common stock, $0.01 par value ACI New York Stock Exchange
Filing Documents
- aci-20241130.htm (10-Q) — 1216KB
- aciq3-24ex311.htm (EX-31.1) — 16KB
- aciq3-24ex312.htm (EX-31.2) — 17KB
- aciq3-24ex321.htm (EX-32.1) — 8KB
- aci-20241130_g1.jpg (GRAPHIC) — 25KB
- 0001646972-25-000008.txt ( ) — 5762KB
- aci-20241130.xsd (EX-101.SCH) — 28KB
- aci-20241130_cal.xml (EX-101.CAL) — 65KB
- aci-20241130_def.xml (EX-101.DEF) — 182KB
- aci-20241130_lab.xml (EX-101.LAB) — 481KB
- aci-20241130_pre.xml (EX-101.PRE) — 322KB
- aci-20241130_htm.xml (XML) — 749KB
- 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 37
- Defaults Upon Senior Securities
Item 3 - Defaults Upon Senior Securities 37
- Mine Safety Disclosures
Item 4 - Mine Safety Disclosures 38
- Other Information
Item 5 - Other Information 38
- Exhibits
Item 6 - Exhibits 38
SIGNATURES
SIGNATURES 39 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) November 30, 2024 February 24, 2024 ASSETS Current assets Cash and cash equivalents $ 202.3 $ 188.7 Receivables, net 929.0 724.4 Inventories, net 5,137.2 4,945.2 Other current assets 397.0 429.2 Total current assets 6,665.5 6,287.5 Property and equipment, net 9,632.9 9,570.3 Operating lease right-of-use assets 6,094.9 5,981.6 Intangible assets, net 2,349.3 2,434.5 Goodwill 1,201.0 1,201.0 Other assets 721.7 746.2 TOTAL ASSETS $ 26,665.3 $ 26,221.1 LIABILITIES Current liabilities Accounts payable $ 4,026.1 $ 4,218.2 Accrued salaries and wages 1,352.0 1,302.6 Current maturities of long-term debt and finance lease obligations 61.3 285.2 Current maturities of operating lease obligations 686.3 677.6 Other current liabilities 1,029.4 974.1 Total current liabilities 7,155.1 7,457.7 Long-term debt and finance lease obligations 7,777.1 7,783.4 Long-term operating lease obligations 5,685.5 5,493.2 Deferred income taxes 729.3 807.6 Other long-term liabilities 1,952.6 1,931.7 Commitments and contingencies STOCKHOLDERS' EQUITY Class A common stock, $ 0.01 par value; 1,000,000,000 shares authorized, 597,760,429 and 594,445,268 shares issued as of November 30, 2024 and February 24, 2024, respectively 6.0 5.9 Additional paid-in capital 2,169.2 2,129.6 Treasury stock, at cost, 18,404,201 and 18,397,745 shares held as of November 30, 2024 and February 24, 2024, respectively ( 304.2 ) ( 304.2 ) Accumulated other comprehensive income 90.9 88.0 Retained earnings 1,403.8 828.2 Total stockholders' equity 3,365.7 2,747.5 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 26,665.3 $ 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