BOISE, ID - Albertsons® Companies, Inc. reported results for the first quarter of fiscal 2026, which ended June 20, 2026.
First Quarter of Fiscal 2026 Highlights
- Identical sales decreased 0.8%
- Digital sales increased 13%
- Net income of $85 million, or $0.17 per share
- Adjusted net income of $210 million, or $0.42 per share
- Adjusted EBITDA of $1,013 million
"In the first quarter, our digital and pharmacy businesses continued to deliver strong growth, while core grocery faced increasing pressure from softer industry unit trends and a more cautious consumer," said Susan Morris, Chief Executive Officer, in the recent release. "While these results did not meet our expectations, they underscored the need to move faster. Through ACI Edge, we are accelerating change to strengthen our competitiveness and improve execution across the business. ACI Edge includes simplifying our operating model, transitioning from eleven divisions to four regions and centralizing center-store merchandising to strengthen accountability, accelerate decision-making, and better leverage our scale, technology, and local market expertise."
Morris added, "These actions are designed to deliver sharper value, greater differentiation in fresh, and an elevated customer experience across our stores and markets. By scaling best practices and investing in our customer value proposition, we believe we can drive stronger, more consistent growth while creating long-term value for both customers and shareholders."
Morris concluded, "As we look ahead, we are moving decisively. Given continued softness in industry unit trends and a more cautious consumer, we are accelerating investments and operational changes designed to strengthen our customer value proposition and improve our competitive position. Accordingly, we are revising our fiscal 2026 outlook. We are choosing to accelerate investments in our customer value proposition and the customer experience ahead of expected productivity benefits because we believe these actions will improve our growth trajectory, strengthen our competitive position, and create long-term shareholder value."
First Quarter of Fiscal 2026 Results
Net sales and other revenue increased 0.2% to $24,941.6 million for the 16 weeks ended June 20, 2026 ("first quarter of fiscal 2026") from $24,880.8 million during the 16 weeks ended June 14, 2025 ("first quarter of fiscal 2025"). This increase was driven by higher fuel sales, while identical sales declined 0.8%. Pharmacy and digital remained areas of strength, with pharmacy sales continuing to grow despite ongoing Inflation Reduction Act ("IRA") headwinds and digital sales increasing 13% during the first quarter of fiscal 2026.
See the full release here.
