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As of July 31, 2022, Albertsons Companies $ACI stock is coming off of a Triple Bottom test. The company reported EPS and revenue beats on Tuesday, July 26, 2022.

Albertsons Reports Beats on EPS and Revenue As Grocery Prices Rise

On July 26, 2022, Albertsons reported a Q1 EPS of $1 versus the consensus estimate of $0.92. The company reported Q1 revenue of $23.31B versus the consensus estimate of $22.82B.

“In the first quarter, our teams continued to deliver strong operating and financial performance across all key metrics, and we continued to gain market share,” said Vivek Sankaran, CEO. “As we look forward to the balance of the year, while we are thoughtful about the macro environment and the possible implications on consumer behavior, our teams have consistently demonstrated their ability to adapt to a changing backdrop in real-time. This puts us in a strong position to continue to execute against our Customers for Life strategy, including more deeply engaging our customers both digitally and in-store and delivering against our productivity agenda. We are so proud of the resilience, agility, and passion of our teams and their ongoing service to our customers and communities.”

Revenue has grown by 3.79% annually over the last five years. The Earnings Per Share have been growing by an impressive 113.41% on average over the past five years.

Over the past year, ACI has shown robust revenue growth. Revenue has grown by a shocking 33.67%! This kind of growth is scarce in the Groceries sector.

This sales growth is VERY cheap right now too. Albertsons did $71.9 billion in sales last year versus the stock’s market cap of $14.2 billion. This gives the company an incredible Price to Sales ratio of 0.2!

📺 Grocery chain Albertsons to start using self-checkout carts

Albertsons Companies $ACI Receives a Buy from RBC Capital

RBC Capital analyst Steven Shemesh maintained a Buy rating on Albertsons Companies on July 27, 2022. Shemesh set a price target of $37.

Albertsons price target lowered to $30 from $36 at Citi

On July 28, 2022, Citi analyst Paul Lejuez lowered the firm’s price target on Albertsons to $30 from $36 and kept a Neutral rating on the shares following the “solid” Q1 results. The analyst views the stock’s risk/reward as balanced.

Albertsons price target raised to $43 from $42 at Deutsche Bank

On July 21, 2022, Deutsche Bank analyst Krisztina Katai raised the firm’s price target on Albertsons to $43 from $42 and kept a Buy rating on the shares ahead of the company’s Q1 results. The analyst thinks Albertsons will speak to accelerating shopping behavior changes, including trade-down to private label or lower-priced alternatives and greater reward redemptions in fuel as consumers increasingly seek value.

📈 Albertsons Companies $ACI Chart

Albertsons $ACI is coming off a Triple Bottom test; however, the stock is still in a strong downtrend.