Q1 2026 Albertsons Companies Inc Earnings Call Transcript
Key Points
- Albertsons Companies Inc (ACI) introduced the ACI Edge, a new operating model aimed at improving execution and customer value proposition.
- Digital sales grew by 13% this quarter, with e-commerce achieving profitability, demonstrating successful growth in digital sales.
- Pharmacy and digital segments delivered strong growth, contributing positively to the company's performance.
- The company is leveraging AI and technology to enhance customer experience and operational efficiency, including AI-powered customer experiences and supply chain optimization.
- Albertsons Companies Inc (ACI) is on track to realize more than one-third of its three-year $2 billion productivity target in fiscal 2026, indicating strong progress in cost management and efficiency improvements.
- Identical sales declined by 0.8%, reflecting ongoing declines in industry units and macroeconomic pressures.
- The company's financial performance fell short of expectations, with adjusted EBITDA and earnings per share below projections.
- Inflationary pressures and supplier cost increases are expected to continue, potentially impacting profitability.
- The company faces challenges in its core business, with lower-income customer segments showing softness in units and basket size.
- Albertsons Companies Inc (ACI) is experiencing pressure from the Inflation Reduction Act and deflation, impacting sales and margins.
Welcome to Albertsons Company's first-quarter fiscal 2026 earnings conference call. (Operator Instructions)
This call is being recorded. I would like to hand the call over to Cody Perdue, Senior Vice President, Treasury, Investor Relations and Risk Management. Please go ahead.
Good morning and thank you for joining us. With me today are Susan Morris, our CEO; and Sharon McCollam, our President and CFO. Today, Susan will provide an overview of our first quarter results and perspective on the current operating environment, including the actions we are taking to improve execution, strengthen our customer value proposition and position the business for stronger long-term performance. Sharon will then cover our financial results and updated outlook before we open the call for Q&A.
I would like to remind you that management may make forward-looking statements within the meaning of the federal securities laws. These statements are
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