艾伯森 2025年季度报告

For the quarterly period endedJune14, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____ to _____ 250 Parkcenter Blvd.Boise,Idaho83706 and (2)has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. Non-accelerated filer☐SmallerreportingcompanyEmerging growth company complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No Item 1 - Condensed Consolidated Financial Statements (unaudited)Condensed Consolidated Balance Sheets Notes to Condensed Consolidated Financial StatementsItem 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations June14, 2025 and February22, 2025. Media advertising services are classified as either Net sales and other revenue or areduction in Cost of sales depending on the nature of the media advertising arrangement. The Company records a contract liability when it sells its own proprietary gift cards. The Company records a sale whenthe customer redeems the gift card. The Company's gift cards do not expire. The Company reduces the contract liabilityand records revenue for the unused portion of gift cards in proportion to its customers' pattern of redemption, which the Disaggregated Revenues The following table represents Net sales and other revenue by product type (dollars in millions): June 14,2025June 15,2024Amount (1)% of TotalAmount (1)% of TotalNon-perishables (2)$12,141.748.8%$12,054.07,986.832.17,904.93,155.012.72,622.81,229.94.91,320.9367.41.5362.8 Recently issued accounting standards: In December 2023, the Financial Accounting Standards Board ("FASB") issuedAccounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The ASU enhances the transparency and decision usefulness of income tax disclosures and is effective for annual periodsbeginning after December 15, 2024 on a prospective basis with the option to apply the standard retrospectively. TheCompany is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures. In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - ExpenseDisaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses." The ASU requiresdisclosures about specific types of expenses, including purchases of inventory, employee compensation, depreciation andamortization. The amendments in this ASU are effective for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. TheCompany is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures.NOTE 2 -FAIR VALUE MEASUREMENTS inputs to the valuation of an asset or liability at the measurement date. The three levels are defined as follows:Level 1 - Quoted prices in active markets for identical assets or liabilities;Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable;and Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderlytransaction between market participants at the measurement date.The following table presents certain assets which were measured at fair value on a recurring basis as of June14, 2025 (in Short-term investments (1)$15.4$6.6$8.8$Non-current investments (2)112.37.4104.9Derivative contracts (3)1.0—1.0$128.7$14.0$114.7$Liabilities: (3) Primarily relates to energy derivative contracts. Included in Other assets and Other current liabilities.9 (1) Primarily relates to Mutual Funds (Level 1), and certain equity investments and Certificates of Deposit (Level 2). Included in Other current assets.(2) Primarily relates to investments in Exchange-Traded Funds (Level 1) and certain equity investments, U.S. Treasury Notes and Corporate Bonds(Level 2). Included in Other assets.(3) Primarily relates to energy derivative contracts. Included in Other assets or Other current liabilities. The estimated fair value of the Company's debt, including current maturities, was based on Level 2 inputs, being marketquotes or values for similar instruments, and interest rates currently available to the Company for the issuance of debt withsimilar terms and remaining maturities as a discount rate for the remaining