$ACI

Albertsons Companies, Inc.

CIK:0001646972|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 12, 2026	Sep. 06, 2025	Sep. 12, 2026	Sep. 06, 2025
Income Statement [Abstract]
Net sales and other revenue	$ 18,894.7	$ 18,915.8	$ 43,836.3	$ 43,796.6
Cost of sales	13,837.6	13,809.2	32,141.1	31,951.7
Gross margin	5,057.1	5,106.6	11,695.2	11,844.9
Selling and administrative expenses	4,840.2	4,806.9	11,219.4	11,127.8
Loss (gain) on property dispositions and impairment losses, net	(42.4)	(4.4)	(37.7)	27.5
Operating income	174.5	295.3	438.1	744.6
Interest expense, net	125.0	105.3	291.7	247.1
Other income, net	(13.2)	(29.7)	(30.0)	(33.6)
Income before income taxes	62.7	219.7	176.4	531.1
Income tax expense	11.2	51.2	40.2	126.2
Net income	51.5	168.5	136.2	404.9
Other comprehensive income (loss), net of tax
Recognition of pension loss	(0.3)	(13.4)	(0.7)	(14.1)
Other	(0.9)	1.3	(2.2)	1.6
Other comprehensive loss	(1.2)	(12.1)	(2.9)	(12.5)
Comprehensive income	$ 50.3	$ 156.4	$ 133.3	$ 392.4
Net income per Class A common share
Basic net income per Class A common share (in dollars per share)	$ 0.11	$ 0.30	$ 0.28	$ 0.71
Diluted net income per Class A common share (in dollars per share)	$ 0.11	$ 0.30	$ 0.28	$ 0.71
Weighted average Class A common shares outstanding
Basic (in shares)	484.4	559.7	490.6	567.3
Diluted (in shares)	488.2	562.5	494.0	569.9

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Sep. 12, 2026	Sep. 06, 2025
Cash flows from operating activities:
Net income	$ 136.2	$ 404.9
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain) on property dispositions and impairment losses, net	37.7	(27.5)
Depreciation and amortization	1,033.7	1,007.4
Operating lease right-of-use assets amortization	388.9	376.1
LIFO expense	23.4	28.3
Deferred income tax	(36.3)	26.4
Contributions to pension and post-retirement benefit plans, net of (income) expense	(42.0)	(72.7)
Deferred financing costs	7.2	11.5
Equity-based compensation expense	45.8	52.4
Other operating activities	(14.3)	14.9
Changes in operating assets and liabilities, net of acquisitions:
Receivables, net	(135.6)	(133.7)
Inventories, net	(129.3)	(226.7)
Accounts payable, accrued salaries and wages and other accrued liabilities	79.7	110.4
Operating lease liabilities	(305.4)	(285.4)
Self-insurance assets and liabilities	5.7	2.5
Other operating assets and liabilities	114.9	(6.8)
Net cash provided by operating activities	1,210.3	1,282.0
Cash flows from investing activities:
Payments for property, equipment and intangibles, including lease buyouts	(899.6)	(950.5)
Proceeds from sale of assets	36.2	82.6
Business acquisitions, net of cash acquired	(28.0)	0.0
Other investing activities	33.4	30.0
Net cash used in investing activities	(858.0)	(837.9)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, including ABL facility	400.0	925.0
Payments on long-term borrowings, including ABL facility	(59.8)	(600.3)
Payments of obligations under finance leases	(18.3)	(21.9)
Payments for debt financing costs	(0.1)	(18.1)
Dividends paid on common stock	(166.6)	(169.6)
Treasury stock purchase, at cost	(398.8)	(550.1)
Employee tax withholding on vesting of restricted stock units	(28.1)	(32.0)
Net cash used in financing activities	(271.7)	(467.0)
Net increase (decrease) in cash and cash equivalents and restricted cash	80.6	(22.9)
Cash and cash equivalents and restricted cash at beginning of period	203.0	297.9
Cash and cash equivalents and restricted cash at end of period	$ 283.6	$ 275.0

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 12, 2026	Feb. 28, 2026
Current assets
Cash and cash equivalents	$ 282.0	$ 198.6
Receivables, net	1,069.7	932.6
Inventories, net	5,282.1	5,173.9
Other current assets	422.0	410.6
Total current assets	7,055.8	6,715.7
Property and equipment, net	10,047.8	9,903.7
Operating lease right-of-use assets	6,239.8	6,102.4
Intangible assets, net	2,023.8	2,156.1
Goodwill	1,201.0	1,201.0
Other assets	655.1	687.0
TOTAL ASSETS	27,223.3	26,765.9
Current liabilities
Accounts payable	4,181.3	4,021.2
Accrued salaries and wages	1,326.1	1,348.3
Current maturities of long-term debt and finance lease obligations	882.2	534.0
Current operating lease obligations	740.6	736.7
Other current liabilities	1,518.5	1,183.8
Total current liabilities	8,648.7	7,824.0
Long-term debt and finance lease obligations	8,446.0	8,412.6
Long-term operating lease obligations	5,848.2	5,613.6
Deferred income taxes	595.4	630.6
Other long-term liabilities	2,252.0	2,448.9
Commitments and contingencies
STOCKHOLDERS' EQUITY
Additional paid-in capital	2,239.7	2,219.4
Treasury stock, at cost, 127,215,011 and 101,191,791 shares held as of September 12, 2026 and February 28, 2026, respectively	(2,238.1)	(1,850.5)
Accumulated other comprehensive income	80.3	83.2
Retained earnings	1,345.1	1,378.1
Total stockholders' equity	1,433.0	1,836.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	27,223.3	26,765.9
Class A common stock
STOCKHOLDERS' EQUITY
Class A common stock, $0.01 par value; 1,000,000,000 shares authorized, 603,407,817 and 600,734,693 shares issued as of September 12, 2026 and February 28, 2026, respectively	$ 6.0	$ 6.0