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 reported): June 2, 2004
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Albertson's, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-6187 82-0184434
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(Commission File Number) (I.R.S. Employer Identification No.)
250 Parkcenter Blvd., P.O. Box 20, Boise, Idaho 83726
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(Address of Principal Executive Offices) (Zip Code)
(208) 395-6200
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(Registrant's Telephone Number, Including Area Code)
Item 12. Results of Operations and Financial Condition.
On June 2, 2004, the Company released its sales and earnings for the 2004 first
quarter. The text of that release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference. The press release should be read together with
the information contained in the reports that the Company files with the
Securities and Exchange Commission, including the financial statements and
related notes contained in those reports.
The press release contains the non-GAAP financial measures of adjusted earnings
per share, adjusted identical store sales and adjusted comparable store sales.
Pursuant to the requirements of Regulation G, the Company has provided
reconciliations within the release of these measures to the most directly
comparable GAAP financial measures. The Company presents adjusted sales
computations because it believes a comparison of actual to adjusted store sales
data is useful to investors to communicate management's belief of the impact of
the southern California labor dispute on trends in sales experienced during the
13 weeks ended April 29, 2004, including the portion of the period the labor
dispute was ongoing and the weeks following its resolution. The Company presents
adjusted earnings per share because it believes that excluding the special items
and charges identified in the release results in a useful financial measure that
will facilitate comparisons of the Company's operating results before, during
and after such items and charges are incurred. Also, the Company believes that
communicating adjusted earnings per share facilitates comparisons of performance
with that of other companies that did not have an event similar to the southern
California labor dispute.
This information is being furnished under Item 12 and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liability of such section.
SIGNATURES
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 hereunto duly authorized.
Albertson's, Inc.
By: /s/ Felicia D. Thornton
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Name: Felicia D. Thornton
Title: Executive Vice President and
Chief Financial Officer
Dated: June 2, 2004
EXHIBIT INDEX
Exhibit Description
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99.1 Press Release dated June 2, 2004