Albertsons' Q2 Fiscal 2023: Strong Sales and Profit Growth
Albertsons Companies, Inc. reported its financial results for the second quarter of fiscal 2023, with highlights including a 2.9% increase in identical sales, a 19% increase in digital sales, and a 17% increase in loyalty members. The company's net income was $267 million, or $0.46 per share, while adjusted net income was $368 million, or $0.63 per share. Albertsons remains focused on operational excellence, growth in digital and pharmacy operations, and strengthening customer relationships, despite challenges such as declining government assistance and higher interest rates.