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albertsons president and CEO Vivek Sankaran

Albertsons responds to natural disasters

Albertsons responds to natural disasters

BOISE, Idaho  — Albertsons Cos. announced Friday it will donate $500,000 to help provide food to those impacted by Hurricane Ida and the California wildfires. The donation will support local food banks and other hunger relief organizations in providing approximately 2 million meals to affected communities.   “Hurricane Ida and the California wildfires have impacted

Albertsons Cos.’ Q1 sales slip as demand falls

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,

Albertsons starts strong in fiscal 2020

Albertsons starts strong in fiscal 2020

BOISE, Idaho — Albertsons Cos. posted an identical store sales increase of 47% for the first four weeks of fiscal 2020, the company said on Thursday. Quarter-to-date identical sales for the first eight weeks of fiscal 2020 increased 34% compared to the comparable prior year period. Albertsons reported its first quarter sales-to-date as part of