Albertsons Companies news

23 June 2020
With Albertsons preparing to go public, we look at the recent effects of COVID-19 and how these have impacted the business. The timing is right Albertsons has been preparing to go public for some time and filed its plans for IPO with federal regulators back in March. It has now launched these plans and will sell 65.8 million shares on the New York Stock Exchange, although the exact date for...
01 May 2020
We review Albertsons' fourth quarter and full year sales, which put the business in a strong position for being listed publically. Ecommerce up 39% in 2019 Net sales for the fourth quarter were up 10.1% to $15.44bn, however this includes an extra week compared to 2018. Same store sales were up 1.8% and this reflects the negative impact from the timing of Thanksgiving in 2019. Digital sales ...
09 March 2020
As Albertsons prepares to go public, we look at some of the key strengths of the business and factors driving its growth. It continues to perform well in a challenging environment, making it an attractive proposition for investors. Clear strategic framework Albertsons aims to offer a shopping experience that is easy, exciting and friendly for its customers and supports this through its stra...
08 January 2020
We review the strong Q3 results at Albertsons, driven primarily by online and private label performance. Growth picking up For the quarter, sales increased by 1.9% to $14.1bn, with identical store sales growing by 2.7%. This is the strongest quarterly growth this year and was helped by the 34% increase in its online sales; both its online home delivery and Drive Up & Go pickup sales. During...
19 November 2019
Albertsons has appointed Chris Rupp as EVP & Chief Customer & Digital Officer, effective from the 3rd of December, 2019. Digital expertise Rupp joins Albertsons from Microsoft, where she held the position of general manager of the Xbox Business Engineering team. Prior to that, she held a number of roles at Amazon, including the role of Vice President of Prime from 2014. She also played a pa...
01 May 2019
As Wegmans becomes the latest North American food retailer to offer meal delivery, we look at how operators are optimising their foodservice investments to build bigger businesses. Tapping into a growing meal delivery customer base Wegmans has built a world-leading reputation for its prepared foods ranges. They are a central element of its offer and a major driver of traffic to its stores. ...
26 April 2019
We review Albertsons' fourth quarter results as a new CEO steps into the leadership role. Sales break through $60bn Albertsons’ Q4 sales were flat to last year at $14.0bn, with identical store sales up 1.1%. Adjusted EBITDA increased 2.1% to $727.2m, reflecting improvements in wastage and better than expected fuel margins. For the full year, sales increased 1.0% to $60.5bn, with identical s...
08 April 2019
Following the launch of its digital marketing programme, Albertsons Performance Media (APM), one year ago, we look at how Albertsons is helping its suppliers to drive strong returns on their digital marketing spend. Exceeding expectations The retailer partnered last year with Quotient to create a digital media platform, Albertsons Performance Media. This enables branded suppliers to connect...
03 April 2019
Albertsons is adding a range of compostable and earth-friendly products to its Open Nature private brand range. Products align with broader brand standards The launch of the new products coincides with the beginning of Earth Month. The products align with the Open Nature brand standards of offering high-quality, minimally processed items. They feature environmentally friendly attributes, in...
01 April 2019
Albertsons, the second-largest supermarket operator in the US, has appointed Vivek Sankaran as president and CEO, effective April 25, 2019. He joins the retailer from PepsiCo, where he currently serves as CEO, PepsiCo Foods North America. Jim Donald, currently the company’s president and CEO, will continue as co-chairman of the Board, with Leonard Laufer serving as the other co-chairman. Sharp...