-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JjextRoBI9CHQgydazXi6ZEz8h1cVvynWvvXYqQZK/Hm532LuR81CvIeZdjSLzhP jtkLgenLaQvkOvaMFnLfLg== 0000003333-02-000018.txt : 20021031 0000003333-02-000018.hdr.sgml : 20021031 20021031141545 ACCESSION NUMBER: 0000003333-02-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021031 ITEM INFORMATION: FILED AS OF DATE: 20021031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALBERTSONS INC /DE/ CENTRAL INDEX KEY: 0000003333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 820184434 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06187 FILM NUMBER: 02804731 BUSINESS ADDRESS: STREET 1: 250 PARKCENTER BLVD STREET 2: P O BOX 20 CITY: BOISE STATE: ID ZIP: 83726 BUSINESS PHONE: 2083956200 MAIL ADDRESS: STREET 1: 250 PARKCENTER BLVD STREET 2: P O BOX 20 CITY: BOISE STATE: ID ZIP: 83726 8-K 1 abs8k103102.txt 8 K SUBMISSION PAGE SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 30, 2002 --------------------- ALBERTSON'S, INC. (Exact name of registrant as specified in its charter) Delaware 1-6187 82-0184434 - ------------------------------ ------------------------ ------------------------ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 250 Parkcenter Blvd., P.O. Box 20, Boise, Idaho 83726 - ------------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (208) 395-6200 -------------- ---------------------------------------------------------------------------- Item 9. Regulation FD Disclosure On October 30, 2002, Albertson's, Inc. issued its press release lowering third quarter and fiscal year 2002 guidance, which is attached hereto as Exhibit 99.1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALBERTSON'S, INC. BY: /s/ Felicia D. Thornton ------------------------------ Felicia D. Thornton Executive Vice President and Chief Financial Officer Date: October 31, 2002 - -------------------------------------------------------------------------------- Exhibit Index Exhibit (99.1): Press Release dated October 30, 2002 EX-99.P 3 preearningsrelease103002.txt ABS PRESS RELEASE Exhibit 99.1 OCTOBER 30, 2002 FOR IMMEDIATE RELEASE MEDIA CONTACT: ERTHARIN COUSIN, ALBERTSONS, INC. (208) 395-6392 INVESTOR CONTACT: RENEE BERGQUIST, ALBERTSONS, INC. (208) 395-6622 ALBERTSONS PROVIDES GUIDANCE FOR THIRD QUARTER 2002 BOISE, Idaho-Albertsons, Inc. (NYSE: ABS) announced today that a steeper than expected sales decline, which accelerated toward the end of the third quarter, would likely cause third quarter profits to be 5% - 10% below current guidance. The Company had anticipated quarterly earnings per share from continuing operations, adjusted for goodwill amortization, of $0.52, but now expects profits to be in a range of $0.47 - $0.49 per share, up 0% - 5% from last year on the same basis. Identical store sales for the quarter are now expected to decline approximately 2% versus last year's third quarter. Larry Johnston, Chairman and CEO, said, "escalating competitive activity during the quarter coupled with declining consumer confidence are the main factors that are now leading us to predict a worse than anticipated sales and profit picture." Mr. Johnston added, "we do not expect this tough environment to improve in the near term. Consequently, we plan to invest more heavily in driving sales in the coming quarter as well as accelerate our aggressive cost cutting campaign." The Company now expects full year earnings per share from continuing operations, adjusted for goodwill amortization, in a range of $2.10 - $2.14 per share versus prior guidance of $2.31. This new range represents an increase of 1% - 3% versus fiscal year 2001 on the same basis. Albertsons is one of the world's largest food and drug retailers, with annual revenues of approximately $38 billion. Based in Boise, Idaho, the Company employs more than 200,000 associates and operates approximately 2,300 retail stores in 31 states, under banners including Albertsons, Jewel-Osco, Acme, Sav-on Drugs, Osco Drug, Albertsons-Osco, Albertsons-Sav-on, Max Foods and Super Saver. The Company will host an analyst conference call Thursday, October 31, 2002 at 1:00 p.m. (MST). The call will be webcast on the Albertsons web site www.albertsons.com and on www.videonewswire.com. A recorded replay will also be available on both web sites for approximately one week. In addition, a telephone replay will be available through PostView with Global Crossing, beginning at 3:00 p.m. (MST) Thursday, October 31 and ending at 3:00 p.m. (MST) Friday, November 1, 2002. To access PostView, call 1-800-633-8284; enter reservation number 21015054 and follow instructions. For calls placed outside U.S., dial 1/402-977-9140. Certain statements contained in this press release, including statements regarding the Company's expected financial performance, are forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. In reviewing such information it should be kept in mind that actual results may differ materially from those projected or suggested in such forward-looking information. This forward-looking information is based on various factors and was derived using various assumptions. Many of these factors have previously been identified in filings or statements made by or on behalf of the Company. Important assumptions and other important factors that could cause actual results to differ materially from those set forth in the forward-looking information include changes in the general economy, changes in interest rates, changes in consumer spending, actions taken by competitors, particularly those intended to improve their market share, and other factors affecting the Company's business in or beyond the Company's control. These factors include changes in the rate of inflation, changes in state or federal legislation or regulation, adverse determinations with respect to litigation or other claims (including environmental matters), labor negotiations, the cost and stability of energy sources, the Company's ability to recruit, retain and develop employees, its ability to develop new stores or complete remodels as rapidly as planned, its ability to implement new technology successfully, stability of product costs, the Company's ability to integrate the operations of acquired or merged companies, the Company's ability to execute its restructuring plans, and the Company's ability to achieve its five strategic imperatives. Other factors and assumptions not identified above could also cause the actual results to differ materially from those set forth in the forward-looking information. The Company does not undertake to update forward-looking information contained herein or elsewhere to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. ### -----END PRIVACY-ENHANCED MESSAGE-----