Albertsons' ID Sales Grow for 3rd Consecutive Quarter While Ecommerce Soars
"We are energized and enthusiastic about our company and our ability to generate free cash flow and deliver our balance sheet," said Jim Donald, Albertsons CEO. "The team continues to innovate through our digital engagement with customers in both the four-wall and no-wall environment, through our continued expansion of natural and organic own-brands offerings, and through the automation of our distribution centers, which we believe will deliver strong returns going forward."
He added: "We are also thrilled to have completed our store systems conversions related to the Safeway integration, which will allow our operators to relentlessly focus on running great stores."
Turning to its outlook for the fiscal year, Albertsons said that it expects identical sales to range from 1 percent to 1.3 percent and to spend approximately $1.4 billion in capital expenditures.
Boise, Idaho-based Albertsons Cos. operates stores across 35 states and the District of Columbia under 20 well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. It is No. 3 on Progressive Grocer's 2018 Super 50 list of the top grocers in the United States.