Albertsons Stock Slips After Q2 Beat, Analyst Notes Turnaround Momentum

Benzinga

Albertsons beat Q2 estimates and raised its profit outlook, announcing a $750M share buyback. Analyst Joseph Feldman reaffirmed an Outperform rating, citing digital growth and improving margins ahead of strong 2026 profitability.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Albertson's shares edged down on Wednesday after the supermarket chain beat second quarter earnings in sales estimates

00:07driven by strong digital engagement and identical store growth.

00:11The company announced a $750 million accelerated share repurchase and raised its full-year profit outlook according to Benzinga.

00:18Tests and earnings per share came in at $0.44 versus the $0.40 consensus.

00:22Chelsea Advisory Group's Joseph Feldman reaffirmed an outperform rating and a $24 price forecast,

00:27knowing that Albertson's turnaround is gaining traction ahead of healthy profitability in 2026.

00:33He expects 2025 to be an investment year as the company boosts digital engagement,

00:37scales its media collective, modernizes tech systems, and drives productivity.

00:42Elwood raises 2025 and 2026 EPS forecasts to $2.15 and $2.29 respectively,

00:49citing buybacks and margin improvement.

00:51Shares traded down 0.29% to $19.20 on Wednesday.

00:56For all things money, visit Benzinga.com.

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