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from the world of economics and finance(RTTNews) - While reporting financial results for the fourth quarter on Thursday, food and drug retailer Albertsons Cos., Inc. (ACI) initiated its adjusted income and identical sales growth guidance for the full-year 2025.
For fiscal 2025, the company now projects adjusted earnings in a range of $2.03 to $2.16 per share on identical sales growth of 1.5 to 2.5 percent.
On average, 20 analysts polled expect the company to report earnings of $2.30 per share for the year. Analysts' estimates typically exclude special items.
For the fourth quarter, the company reported net income of $171.8 million or $0.29 per share, down from $250.5 million or $0.43 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.46 per share, compared to $0.54 per share in the year-ago quarter.
Net sales and other revenue for the quarter grew to $18.80 billion from $18.34 billion in the same quarter last year. Identical sales increased 2.3 percent.
The Street was looking for earnings of $0.41 per share on revenues of $18.79 billion for the quarter.
The company also announced that its Board of Directors has declared a cash dividend for the first quarter of fiscal 2025 of $0.15 per share of common stock, payable on May 9, 2025, to stockholders of record as of the close of business on April 25, 2025.
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