Albertsons Companies, Inc. (NYSE: ACI) today reported results for the fourth quarter of fiscal 2024, which ended February 22, 2025.
Net sales and other revenue was $18.8 billion for the 12 weeks ended February 22, 2025, compared to $18.3 billion during the 12 weeks ended February 24, 2024. The increase was driven by a 2.3% increase in identical sales, with strong growth in pharmacy sales being the primary driver of the identical sales increase. The company also continued to grow its digital sales with a 24% sales increase during the fourth quarter of fiscal 2024.
Net income was $171.8 million or $0.29 per share during the fourth quarter of fiscal 2024 compared to $250.5 million or $0.43 per share during the fourth quarter of fiscal 2023.
During fiscal 2024, capital expenditures were $1,931.2 million, which primarily included the completion of 127 remodels, the opening of 11 new stores and continued investment in our digital and technology platforms.
Identical sales increased 2.0%; digital sales increased 24%; net income was $959 million, or $1.64 per share; Adjusted net income of $1,382 million, or $2.34 per share. Adjusted EBITDA of $4,005 million.
On December 11, 2024, the Board authorized a share repurchase program of up to $2.0 billion of the Company’s common stock. Subsequent to the Board authorization, during the fourth quarter of fiscal 2024, the Company repurchased an aggregate of 4.1 million shares of common stock for a total of $82.5 million pursuant to such share repurchase authorization.
ACI shares sank $1.49, or 6.9%, to $20.07.