Albertsons Companies, Inc. reported its third-quarter fiscal 2024 results, revealing adjusted earnings per share (EPS) of $0.71, which exceeded analysts' expectations by $0.05. However, the company's revenue of $18.78 billion fell short of estimates by $45 million, representing a year-over-year increase of 1.17%. The net income for the quarter was $400.6 million, and digital sales surged by 23%, with loyalty membership reaching 44.3 million, a 15% increase. Following the earnings report, Albertsons' stock experienced gains, reflecting an upbeat outlook despite cautious consumer behavior. The company also announced a 25% increase in its quarterly dividend. This report comes in the wake of the company's plans to streamline its operations and cut costs by $1.5 billion over the next three years after a $24.6 billion merger with Kroger was blocked.