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.
CINCINNATI — Kroger Co. is seeking to acquire Albertsons Cos. and could announce a deal this week, according to published reports. Kroger is the nation’s top traditional grocery store operator, with almost 2,800 food stores operating under about 20 different banners, including Kroger, Ralphs, Dillons, Smith’s, King Soopers, Fry’s, QFC, City Market, Owen’s, Jay C,
BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per
BOISE, Idaho — Albertsons Cos. reported increased sales and earnings for its fiscal 2021 third quarter, which ended December 4. Identical sales increased 5.2%; on a two-year stacked basis identical sales growth was 17.5%. Digital sales increased 9%, and the gain on a two-year stacked basis was 234%. Net income was $424.5 million, or 74
BOISE, Idaho — Albertsons Cos. received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency for it’s efforts to provide products that use safer chemicals. The company was recognized in the “Retailer” category for launching new Safer Choice-certified Own Brands products, raising awareness of the Safer Choice certification, and helping
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
BOISE, Idaho — Fetch Rewards, the nation’s No. 1 consumer-loyalty and shopper-rewards app, announced Tuesday its first-ever retail partnership with Albertsons Cos. The partnership between Fetch Rewards and Albertsons Cos. comes after a successful five-week pilot program aimed at driving Fetch users to shop at nearly 200 of the company’s stores. Albertsons Cos. leveraged Fetch
BOISE, Idaho – Just in time for wedding season, Albertsons Cos. is offering its customers a new way to buy fresh, hand-cut wedding flowers online. “We’re always searching for innovative ways to provide our high-quality products to customers in a way that fits their lifestyle needs,” said Chad Coester, senior vice president of Own Brands
BOISE, Idaho — Albertsons Cos. said Tuesday that it is working with Google to offer an enhanced omnichannel shopping experience for its customers. The retailer said it is introducing several enhancements that will make the shopping easier and more efficient, including: Integrating with Google Search and Maps to help shoppers more easily find what they
BOISE, Idaho — Since going to work at an Osco Drug store in Chicago as a 15-year-old high school student in early 1972, Mark Panzer has been a force in retail pharmacy. With hard work and the inspiration of role models, Panzer carved out a career in retailing that the editors at Mass Market Retailers
Albertsons Cos. president and chief executive officer Vivek Sankaran recently spoke with Mass Market Retailers editor-in-chief Jeffrey Woldt about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, and Albertsons’ growth strategy. This is an edited version of that conversation, which is available in video form on massmarketretailers.com.
BOISE, Idaho — Albertsons Cos. Foundation is awarding almost $14 million in grants from its Nourishing Neighbors community relief fund to local hunger-fighting organizations across the country. The grants include almost $4 million for 13 large grants to organizations across the United States as part of Nourishing Neighbors’ new innovation grant program, which awards grants