Albertsons reported net income of $51.5 million, or 11 cents per diluted share, beating Wall Street estimates for the second quarter. The supermarket and drug store operator’s adjusted net income was $179 million, or 36 cents per diluted share, compared to $248.4 million, or 44 cents per diluted share, in the prior-year period.
Identical sales slipped 0.8% year-over-year in the quarter, while net revenues were $18.89 billion, slightly lower than the $18.92 billion in the year-before period. Operating income was $174.5 million, down from $295.3 million in the year-previous quarter.
Digital sales rose 11% year over year, a positive note in an otherwise mixed quarter. In July, Albertsons announced the launch of ACI Edge, an operating structure realignment aimed at accelerating execution and increasing accountability.
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The company consolidated its 11 divisions into four regions and centralized center-store merchandising under a single enterprise team. Albertsons views ACI Edge as the first step in a broader turnaround to improve operating performance and strengthen competitiveness.
As part of this effort, the company is reviewing its customer strategy, cost structure, operating model, banner portfolio, market assets, and businesses, as well as capital allocation priorities. Albertsons has pulled its fiscal 2026 outlook and will not provide an updated forecast until the business review is complete.
Susan Morris, Albertsons CEO, stated that although the company’s second-quarter performance was in line with the expectations in its revised outlook, the results do not reflect the potential of the company. The company’s business review aims to identify opportunities to simplify the organization, improve decision-making, and reinvest savings in customer value.
