aci-20250906

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 6, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number: 001-39350

Albertsons Companies, Inc.

(Exact name of registrant as specified in its charter)


Delaware						47-4376911
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

250 Parkcenter Blvd.

Boise, Idaho 83706

(Address of principal executive offices and zip code)

(208) 395-6200

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.01 par value	ACI	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

As of October 10, 2025, the registrant had 549,307,530 shares of Class A common stock, par value $0.01 per share, outstanding.

Albertsons Companies, Inc. and Subsidiaries



PART I - FINANCIAL INFORMATION		Page
	Item 1 - Condensed Consolidated Financial Statements (unaudited)
	Condensed Consolidated Balance Sheets	3
	Condensed Consolidated Statements of Operations and Comprehensive Income	4
	Condensed Consolidated Statements of Cash Flows	5
	Condensed Consolidated Statements of Stockholders' Equity	6
	Notes to Condensed Consolidated Financial Statements	8










	Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations	22
	Item 3 - Quantitative and Qualitative Disclosures About Market Risk	36
	Item 4 - Controls and Procedures	36

PART II - OTHER INFORMATION
	Item 1 - Legal Proceedings	37
	Item 1A - Risk Factors	37
	Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds	37
	Item 3 - Defaults Upon Senior Securities	38
	Item 4 - Mine Safety Disclosures	38
	Item 5 - Other Information	38
	Item 6 - Exhibits	38

SIGNATURES		40

Table of Contents

PART I - FINANCIAL INFORMATION

Item 1 - Condensed Consolidated Financial Statements (unaudited)

Albertsons Companies, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in millions, except share data)

(unaudited)


		September 6, 2025		February 22, 2025
ASSETS
Current assets
	Cash and cash equivalents	$	270.6	$	293.6
	Receivables, net	968.8		834.8
	Inventories, net	5,187.5		4,989.0
	Other current assets	425.7		441.6
	Total current assets	6,852.6		6,559.0

Property and equipment, net		9,706.7		9,811.0
Operating lease right-of-use assets		6,132.2		6,153.4
Intangible assets, net		2,251.1		2,318.0
Goodwill		1,201.0		1,201.0
Other assets		706.9		713.3
TOTAL ASSETS		$	26,850.5	$	26,755.7

LIABILITIES
Current liabilities
	Accounts payable	$	3,987.9	$	4,092.7
	Accrued salaries and wages	1,406.8		1,345.2

	Current maturities of long-term debt and finance lease obligations	1,186.4		57.6
	Current operating lease obligations	730.3		705.5
	Other current liabilities	1,105.3		1,050.0
	Total current liabilities	8,416.7		7,251.0

Long-term debt and finance lease obligations		6,940.1		7,762.5
Long-term operating lease obligations		5,710.3		5,657.2
Deferred income taxes		847.0		824.1
Other long-term liabilities		1,856.9		1,875.0

Commitments and contingencies



STOCKHOLDERS' EQUITY

	Class A common stock, $0.01 par value; 1,000,000,000 shares authorized, 600,483,142 and 597,964,926 shares issued as of September 6, 2025 and February 22, 2025, respectively	6.0		6.0

	Additional paid-in capital	2,207.1		2,184.0
	Treasury stock, at cost, 48,270,935 and 22,522,934 shares held as of September 6, 2025 and February 22, 2025, respectively	(936.8)		(386.7)
	Accumulated other comprehensive income	82.2		94.7
	Retained earnings	1,721.0		1,487.9
	Total stockholders' equity	3,079.5		3,385.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	26,850.5	$	26,755.7

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

Table of Contents

Albertsons Companies, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Income

(in millions, except per share data)

(unaudited)


	12 weeks ended				28 weeks ended
	September 6, 2025		September 7, 2024		September 6, 2025		September 7, 2024
Net sales and other revenue	$	18,915.8	$	18,551.5	$	43,796.6	$	42,816.9
Cost of sales	13,809.2		13,430.2		31,951.7		30,956.7
Gross margin	5,106.6		5,121.3		11,844.9		11,860.2

Selling and administrative expenses	4,806.9		4,785.4		11,127.8		11,059.4
Loss (gain) on property dispositions and impairment losses, net	4.4		43.9		(27.5)		49.2

Operating income	295.3		292.0		744.6		751.6

Interest expense, net	105.3		103.6		247.1		249.3

Other (income) expense, net	(29.7)		1.9		(33.6)		5.9
Income before income taxes	219.7		186.5		531.1		496.4

Income tax expense	51.2		41.0		126.2		110.2
Net income	$	168.5	$	145.5	$	404.9	$	386.2

Other comprehensive income (loss), net of tax
Recognition of pension (loss) gain	(13.4)		2.9		(14.1)		1.9

Other	1.3		3.0		1.6		2.7
Other comprehensive (loss) income	$	(12.1)	$	5.9	$	(12.5)	$	4.6

Comprehensive income	$	156.4	$	151.4	$	392.4	$	390.8

Net income per Class A common share
Basic net income per Class A common share	$	0.30	$	0.25	$	0.71	$	0.67
Diluted net income per Class A common share	0.30		0.25		0.71		0.66

Weighted average Class A common shares outstanding
Basic	559.7		580.1		567.3		579.5
Diluted	562.5		583.2		569.9		582.4

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

Table of Contents

Albertsons Companies, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in millions)

(unaudited)


	28 weeks ended
	September 6, 2025		September 7, 2024
Cash flows from operating activities:
Net income	$	404.9	$	386.2
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on property dispositions and impairment losses, net	(27.5)		49.2
Depreciation and amortization	1,007.4		973.9
Operating lease right-of-use assets amortization	376.1		364.3

LIFO expense

SEC Form 10-Q filed by Albertsons Companies Inc.