Albertsons Companies, Inc. reported its financial results for the second quarter of fiscal 2026, revealing a net income of $51.5 million, or $0.11 per Class A common share, a significant decline from $168.5 million, or $0.30 per share, in the same period last year. Total net sales and other revenue for the quarter reached $18.9 billion, slightly down from $18.9 billion in the prior year. For the first 28 weeks of fiscal 2026, net income was $136.2 million, compared to $404.9 million in the previous year, while total revenue increased marginally to $43.8 billion from $43.8 billion.
The company's gross margin decreased to 26.8% from 27.0% year-over-year, attributed to rising delivery and handling costs associated with digital sales growth and higher shrinkage. Selling and administrative expenses also rose to 25.6% of net sales, reflecting sales deleveraging due to lower identical sales. Identical sales, excluding fuel, fell by 0.8% during the quarter, although digital sales surged by 11%, indicating a shift in consumer purchasing behavior towards online platforms.
Strategically, Albertsons has undertaken significant organizational changes, including the launch of the ACI Edge initiative on July 23, 2026, aimed at enhancing operational efficiency by restructuring its divisions into four regions and centralizing merchandising. The company also completed the acquisition of certain retail operations from Hames Corporation for $28 million, which is expected to bolster its market presence. As of September 12, 2026, Albertsons operated 2,240 stores across 35 states, serving approximately 36.3 million customers weekly.
Operationally, the company reported a total employee headcount of approximately 270,000 and continued to invest in eCommerce capabilities, loyalty programs, and digital platforms. The company’s cash flow from operating activities for the first 28 weeks of fiscal 2026 was $1.2 billion, down from $1.3 billion in the previous year, while cash used in investing activities increased slightly to $858 million. The company also repurchased 26 million shares of common stock for $387.6 million during this period.
Looking ahead, Albertsons anticipates ongoing challenges due to macroeconomic conditions, including inflation and shifts in consumer behavior. The company is focused on executing its turnaround strategy and enhancing its competitive position in the market. Management remains optimistic about future growth opportunities, particularly in digital sales and customer engagement, as it continues to adapt to changing market dynamics.
About Albertsons Companies, Inc.
Albertsons Companies, Inc. is a leading U.S. food and drug retailer operating over 2,200 stores across 34 states and D.C. under multiple well-known banners. It offers grocery, pharmacy, fuel, and general merchandise through physical stores and digital channels, supported by in-store pharmacies, fuel centers, and manufacturing facilities. Albertsons leverages local market knowledge combined with national scale, proprietary brands, and an omnichannel platform to serve millions of customers weekly.
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