Albertsons Cos.’ Q1 sales slip as demand falls
BOISE, Idaho — Albertsons Cos. reported $21.3 billion in revenue for the first quarter, down from $22.8 billion during the same quarter last year. That decline was primarily driven by a 10% decrease in identical store sales, caused by reduced demand compared to the pandemic-induced surge in last year’s quarter. On a two-year stacked basis,