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Albertsons Cos. Guides FY20 Adj. EPS Above Estimates - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Tuesday, food and drug retailer Albertsons Companies, Inc. (ACI) provided adjusted earnings and identical sales guidance for the full-year 2020.

For fiscal 2020, the company now projects adjusted earnings in a range of $2.75 to $2.85 per share on identical sales of at least 15.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.20 per share on net sales of $67.51 billion for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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