RBC Capital analysts hosted Albertsons Companies, Inc.(NYSE:ACI) management, including the President and CFO Sharon McCollam for a series of virtual meetings.

The most-discussed topics were (1) the impact of reduced SNAP benefits, (2) inflation expectations/ability to take price, (3) the strategic review, and (4) the advertising business. The analysts believe the company is well positioned for the current environment.

According to the analysts, the management’s constructive tone paired with their proprietary IRI analysis prompts them to raise the Q1 ID sales growth estimate from 4.5% to 5.5% (vs, Street’s 5.3%). However, the analysts maintained their Q1 EPS estimate of $0.96. Their outperform rating and $37 price target were also maintained.