Albertsons Companies is registered under the ticker NYSE:ACI . Albertsons Cos. Albertsons continued its streak of strong sales with its first-quarter 2020 earnings report showing sales up by 21.4% to $22.8 billion during the 16 weeks ended June 20, 2020. Albertsons annual revenue for 2020 was $62.455B, a 3.17% increase from 2019. (2) Related to conversion activities and related costs associated with integrating acquired businesses, primarily the Safeway acquisition. During fiscal 2019, the Company invested approximately $1.5 billion in capital expenditures, which included the completion of 243 remodel projects, the opening of 14 new stores and investments in distribution center automation and capital related to other strategic technology initiatives. Quarter to date identical sales for the first eight weeks of fiscal 2020 increased 34% compared to the comparable period during fiscal 2019. BOISE, Idaho-- (BUSINESS WIRE) -- Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the third quarter of fiscal 2020, which ended December 5, 2020, before the market opens on Tuesday, January 12, 2021. As a result of the effects of these factors and factors specific to other companies, the Company believes EBITDA and Adjusted EBITDA provide helpful information to analysts and investors to facilitate a comparison of its operating performance to that of other companies. The Company also provided a fiscal 2020 outlook and an update on the business in response to the COVID-19 pandemic. ", Update on the First 8 Weeks of Fiscal 2020. The following tables reconcile Net income to Adjusted net income, and Net income per Class A common share to Adjusted net income per Class A common share: (Gain) loss on interest rate and commodity hedges, net (d), Facility closures and transformation (1)(b), Discretionary COVID-19 pandemic related costs (3)(b), Transaction and reorganization costs related to convertible preferred stock issuance and initial public offering (b), Amortization of debt discount and deferred financing costs (c), Amortization of intangible assets resulting from acquisitions (b), Tax impact of adjustments to Adjusted net income, Weighted average Class A common shares outstanding - diluted, Adjusted weighted average Class A common shares outstanding - diluted, Adjusted net income per Class A common share - diluted, Net income per Class A common share - diluted. Albertsons shares (ticker: ACI) were up 4.1%, to $14.97, in Tuesday afternoon trading, but the stock remains below its June IPO price of $16. We have instituted “contact-free” delivery procedures for home delivery and Drive Up and Go. Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2020, which ended December 5, 2020. Since the beginning of fiscal 2020, the Company has experienced significant increases in customer traffic, product demand and overall basket size in stores and online as customers adjust to the circumstances around COVID-19. The Company also provided a fiscal 2020 outlook and an update on the business in response to the COVID-19 pandemic. BOISE, Idaho, April 30, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (the "Company") today reported results for the fourth quarter of fiscal 2019 and full year fiscal 2019, which ended February 29, 2020 and included 13 and 53 weeks, respectively. (4) Includes $44.7 million in bonus payments related to front-line associates during the third quarter of fiscal 2020. The Company also paid its first quarterly dividend of $0.10 per share on November 10, 2020 to stockholders of record as of October 26, 2020 and, on January 12, 2021, announced the next quarterly dividend of $0.10 per share payable on February 10, 2021 to stockholders of record as of January 26, 2021. The Company's 1.8% increase in identical sales was negatively impacted by approximately 30 basis points due to the timing of the Thanksgiving holiday. The decrease was primarily attributable to incremental rent expense related to the Company's previously completed sale leaseback transactions of certain distribution centers, selective investments in price and promotions and a less favorable LIFO adjustment compared to the fourth quarter of fiscal 2018. Net income was $123.7 million during the third quarter of fiscal 2020 compared to $54.8 million during the third quarter of fiscal 2019. Both our stores and our online business are seeing significantly increased demand as consumers shift to more food-at-home. Forward-looking statements contain information about future operating or financial performance. The decrease in interest expense was primarily attributable to lower average outstanding borrowings compared to fiscal 2018 as a result of the Company's term loan paydown and other debt reduction during fiscal 2019. (4) Primarily includes costs related to store damage, inventory losses and community support as a result of the civil disruption during late May and early June in certain markets. Forward-Looking Statements, Non-GAAP Measures and Identical Sales. Albertsons said its sales and other revenues increased 21.4% to $22.8 billion for the 16 week period ended June 20. Also includes expenses related to management fees paid in connection with acquisition and financing activities. The increase in cash flow from operations compared to the first 40 weeks of fiscal 2019 was primarily due to improvements in operating performance and changes in working capital. Gross profit margin decreased to 28.6% during the fourth quarter of fiscal 2019 compared to 29.0% during the fourth quarter of fiscal 2018. Selling and administrative expenses decreased to 26.2% of sales during the first 40 weeks of fiscal 2020 compared to 26.7% of sales for the first 40 weeks of fiscal 2019. By 2020, production of new R-22 refrigerant gas will be completely phased out; however, recovered and recycled/reclaimed R-22 will be available for servicing systems after 2020. In addition, to preserve financial flexibility during the COVID-19 pandemic, in March 2020, the Company drew down $2.0 billion on its $4.0 billion asset-based revolving credit facility ("ABL Facility"). As of February 29, 2020, the Company operated 2,252 retail stores with 1,726 pharmacies, 402 associated fuel centers, 23 dedicated distribution centers and 20 manufacturing facilities. The loss on debt extinguishment in fiscal 2019 related to the non-cash write-off of debt discounts associated with the repurchase of New Albertsons L.P. notes and the extinguishment of our term loan facility during the fourth quarter of fiscal 2019. EBITDA and Adjusted EBITDA together with the total Net Debt to Adjusted EBITDA ratio (collectively, the "Non-GAAP Measures") are performance measures that provide supplemental information the Company believes is useful to analysts and investors to evaluate its ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income and gross profit. Albertsons Companies, Inc. and Subsidiaries, Condensed Consolidated Statements of Operations, (dollars in millions, except per share data), Gain on property dispositions and impairment losses, net, Basic net income per Class A common share, Diluted net income per Class A common share, Weighted average Class A common shares outstanding, Current maturities of long-term debt and finance lease obligations, Current maturities of operating lease obligations, Long-term debt and finance lease obligations, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY, Condensed Consolidated Statements of Cash Flows. The Company also uses Adjusted EBITDA, as further adjusted for additional items defined in its debt instruments, for board of director and bank compliance reporting. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact. Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the fourth quarter and fiscal 2020, which ended February 27, 2021, before the market opens on Monday April 26, 2021. Adjusted EBITDA was $967.7 million, or 6.3% of sales, during the third quarter of fiscal 2020 compared to $634.4 million, or 4.5% of sales, during the third quarter of fiscal 2019. Thursday, March 29, 2018 Albertsons Companies and Rite Aid Merge to Create Food, Health and Wellness Leader. Stmt Update Type--- … Interest expense was $140.5 million during the fourth quarter of fiscal 2019 compared to $168.3 million during the fourth quarter of fiscal 2018. (3) Primarily includes lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, net realized and unrealized gains and losses related to non-operating investments, adjustments for unconsolidated equity investments and adjustments to contingent consideration. Albertsons total assets for 2019 were $20.777B, a INF% increase from 2018. We have secured masks and gloves for our front-line employees. The decrease in selling and administrative expenses was primarily driven by lower depreciation and amortization expense, lower acquisition and integration-related costs, and lower employee-related costs as a percentage of sales, partially offset by investments in strategic digital and technology initiatives and higher rent expense related to previously completed sale leaseback transactions. Oct 20, 2020 at 11:22AM ... Albertsons is confident in its financial stability, though, as it recently declared it would begin paying a quarterly dividend of $0.10 per share beginning in Q3. Changes in operating assets and liabilities, net of effects of acquisition of businesses: Accounts payable, accrued salaries and wages and other accrued liabilities, Payments for property, equipment and intangibles, including payments for lease buyouts, Payments of obligations under finance leases, Employee tax withholding on vesting of phantom units, Loss (gain) on interest rate and commodity hedges, net, Identical sales growth of 1.8%; ninth consecutive quarter of identical sales growth, Adjusted EBITDA of $756 million; slightly ahead of our expectations, Total net leverage reduced to 2.9x, an improvement from 3.5x a year ago. Revenues increased 21.4 % to $ 830.8 million during fiscal 2019 compared to $ billion... 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