Albertsons reports Q2 adjusted EPS 44c, consensus 40c

Reports Q2 revenue $19.92B, consensus $18.89B. Identical sales increased 2.2%, as adjusted. Digital sales increased 23%. “In the second quarter, we delivered solid operating and financial results while continuing to invest in our core business and elevate the customer experience,” said Susan Morris, Chief Executive Officer. “Strong performance against our strategic priorities fueled deeper engagement across our digital platforms, resulting in outsized growth in digital sales, pharmacy, and loyalty membership. Our productivity engine continued to offset inflationary pressures and fund investments in areas that matter most to our customers, including fresh categories and omnichannel convenience.”