Sam Boughedda

Investing.com — Albertsons Companies (NYSE:) reported its fourth-quarter and full-year results on Tuesday, resulting in a fall in its stock price.

The company’s revenue for the year was $17.38 million. The revenue beat analysts’ expectations of $16.74 million. The quarter’s earnings per share also exceeded estimates by $0.64 and reached $0.75. The fourth quarter saw an increase of 5% in digital sales.

Albertsons earned $3.07 per share on $71.89 million in revenue for the whole year. Digital sales increased by 5% for the entire year. 

Vivek Santikaran, CEO said that the fourth quarter and full year 2021 results were positive and that there is continuing momentum as we move into 2022. Our strategy works and we’re able to withstand industry pressures.

It provided an outlook on the future fiscal year and stated that EBITDA would be between $4.15 and $4.25 Billion, with earnings per share forecasted at $2.70 and 2.85. 

Albertson shares plunged by 6% on Tuesday despite the revenue and earnings beat.