Albertsons Companies’ Management Meeting Review
<p>RBC Capital analysts hosted <a href='https://financialmodelingprep.com/financial-summary/ACI'>Albertsons Companies, Inc.(NYSE:ACI) </a>management, including the President and CFO Sharon McCollam for a series of virtual meetings. </p>
<p>The most-discussed topics were (1) the impact of reduced SNAP benefits, (2) inflation expectations/ability to take price, (3) the strategic review, and (4) the advertising business. The analysts believe the company is well positioned for the current environment. </p>
<p>According to the analysts, the management’s constructive tone paired with their proprietary IRI analysis prompts them to raise the Q1 ID sales growth estimate from 4.5% to 5.5% (vs, Street’s 5.3%). However, the analysts maintained their Q1 EPS estimate of $0.96. Their outperform rating and $37 price target were also maintained.</p>

NYSE:ACI