Boise, Idaho – Albertsons Companies Inc. posted solid sales gains for the third quarter of fiscal 2023, shining a positive light on the grocer’s strategy as it waits for a green light on its planned merger with Kroger Co. Third quarter fiscal 2023 highlights included: Growth in Identical Sales. Albertsons witnessed a 2.9% increase in
BOISE, Idaho — Albertsons posted modest but declining gains in net sales and same-store sales in its second quarter amid deteriorating conditions for the supermarket sector. Net income in the 12 weeks to September 9 declined 22% to $266.9 million and earnings before interest, taxes and amortization (EBITA) declined for the third consecutive quarter, slipping
BOISE, Idaho – Albertsons Cos. reported revenue of $24.1 billion during the 16 weeks ended June 17, 2023, up from $23.3 billion during the year-earlier period, with the increase driven by factors including a 4.9% increase in identical sales, retail price inflation across most categories, growth in pharmacy and increasing digital penetration. Albertsons said digital
CINCINNATI — The Kroger Co. said Thursday that, upon the completion of its merger with Albertsons Cos., the combined company will donate 10 billion meals by 2030 to feed people struggling with hunger. Ten billion meals is enough food to feed every person in the cities of Seattle, Denver, Chicago and Boston every meal, every day, for nearly two years. “Our
BOISE, Idaho — Albertsons Cos. has named Tom Moriarty to be executive vice president and general counsel, effective June 5. Moriarty brings more than 30 years of executive leadership experience to Albertsons Cos., including senior positions across legal, corporate strategy, policy and operations. He joins the Company from CVS Health, where he spent more than
BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in prior year period. Adjusted net income was $505 million, or $0.87 per share, which beat the 66 cent FactSet consensus forecast.
BOISE, Idaho — Albertsons Cos. reported net sales and other revenue of $17.4 billion for the fourth quarter, up from $15.8 billion during the comparable 12-week period last year. The increase was driven by the company’s 7.5% increase in identical sales and higher fuel sales, with retail price inflation contributing to the identical sales increase.