Albertsons Cos. beat a Wall Street estimate on fourth-quarter earnings but fell short on revenue during a period when the company paid out on its opioid settlement agreement.
Net loss was $480.8 million, or 94 cents per diluted share, versus net income of $171.8 million, or 29 cents per diluted share, in the year-previous quarter.
Adjusted for one-time events, net income was $251.7 million, or 48 cents per diluted share, compared to $269.5 million, or 46 cents per diluted share, in the year-before period.
The fourth-quarter net loss before adjustment included a $599.8 million charge, net of tax, or $1.18 per diluted share, related to the Opioid Settlement Framework agreement, Albertsons pointed out.
An analyst consensus estimate from Zacks Investment Research called for earnings per adjusted diluted share of 43 cents and revenues of $20.47 billion.
Identical sales gained 0.7% in the quarter year over year. Net revenues were $20.25 billion versus $18.8 billion in the year-prior period. Operating loss was $506.7 million versus operating income of $276 million in the year-earlier quarter.
For the full fiscal year, net income was $217.4 million, or 40 cents per diluted share, versus $958.6 million, or $1.64 per diluted share, in the year previous. Adjusted net income was $1.21 billion, or $2.18 per diluted share, compared to $1.38 billion, or $2.34 per diluted share, in the year before, the company reported.
Net revenue was $83.17 billion versus $80.39 billion in the year prior. Operating income was $727.6 million versus $1.55 billion in the year earlier.
In its outlook for the 2026 fiscal year, Albersons noted it expects Identical sales growth in the range of flat to 1% and adjusted net income per Class A common share in the range of $2.22 to $2.32.
“Fiscal 2025 was a year of disciplined execution and resilience, as we closed the year with a solid fourth quarter that delivered strong adjusted EBITDA despite meaningful top-line pharmacy-related headwinds,” said Susan Morris, Albertsons CEO. “Across the full year, we remained focused on building a stronger foundation for the future, including investing in our customer value proposition, advancing digital and loyalty, and strengthening the capabilities that support sustainable, long-term growth. As we enter fiscal 2026, we are building on this foundation by scaling our productivity engine and positioning the company to deliver earnings growth, strong cash flow and long-term shareholder returns.”
