Albertsons swings to Q4 loss on opioid settlement charge
(Il Sole 24 Ore Radiocor) - Milano, 14 apr - Albertsons said it posted a net loss of 480.8 million dollars, or 0.94 dollars per share in the fourth quarter compared to a profit of 171.8 million, or 0.29 per share, a year earlier.
The loss included a 599.8 million dollar charge related to an opioid settlement that is intended to resolve substantially all of the opioid-related claims that have been or may be asserted against the Idaho-based company.
On an adjusted basis, earnings in the period were 0.48 dollars per share from 0.46 the previous year. Analysts expected 0.44 dollars per share.
Net sales and other revenue in the three months ended February 28 were 20.252 billion dollars compered to 18.800 billion. Analysts expected 20.47 billion dollars.
The company said for fiscal 2026 it expected adjusted earnings of 2.22-2.32 dollars per share. Analysts were.
projecting 2.27 dollars per share.
(RADIOCOR) 14-04-26 18:55:00 (0738) 5 NNNN