Retailing giant Albertsons has reaffirmed its positive double digit earnings outlook on continuing operations, before restructuring and other charges adjusted for goodwill amortisation, for both FY 2002 and the current Q2.
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Larry Johnston, chairman and CEO, explained that after a industry competitor made a significant announcement, “we felt it was important to reaffirm our optimistic earnings outlook to investors for this year.
“While the economy and consumer confidence certainly remain less than robust, we believe that our strong new marketing initiatives coupled with the power of our major restructuring programme can effectively deal with the foreseeable economic and competitive scenario and will allow us to deliver the EPS forecast we have previously announced.”
Albertsons reaffirmed diluted EPS on continuing operations before restructuring and other charges adjusted for goodwill amortisation of US$0.53 for the Q2 and US$2.31 for FY 2002 up 13% and 12%, respectively, versus last year.
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