Net sales and other revenue was $16.7 billion during the third quarter of fiscal 2021 compared to $14.1 billion during the third quarter of fiscal 2019. Financial Market Data powered by QuoteMedia. 1 Based on combined results for each company's most recent fiscal year, respectively. View the, https://www.businesswire.com/news/home/20230301005323/en/, @ the Bell: Financials drag TSX after downbeat results, @ the Bell: TSX rebounds from 2023s worst weekly selloff. Non-GAAP Measures. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. On December 9, 2022, the Superior Court ruled in favor of the Company and denied the Washington Attorney General's request for a preliminary injunction, but extended the temporary restraining order in order for the Washington Attorney General to seek review from the Washington Supreme Court. Each Albertsons Companies banner has its own unique history and local identity. Through digital properties, in-store signage, traditional and social media, Sincerely takes a heartwarming approach to showing how Albertsons Cos. customers daily moments and special occasions are celebrated through food. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The decrease in Selling and administrative expenses was primarily attributable to the benefit of ongoing productivity initiatives and sales leverage, partially offset by market-driven wage rate increases, investments related to the acceleration of our digital and omnichannel capabilities and merger-related costs. In 2021, along with the Albertsons Companies Foundation, the Company contributed nearly $200 million in food and financial support, including approximately $40 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat. The following tables reconcile Net income to Adjusted net income, and Net income per Class A common share to Adjusted net income per Class A common share (in millions, except per share data): Loss (gain) on interest rate swaps and energy hedges, net (d), Government-mandated incremental COVID-19 pandemic related pay (2)(b), Amortization of debt discount and deferred financing costs (c), Amortization of intangible assets resulting from acquisitions (b), Tax impact of adjustments to Adjusted net income, Weighted average Class A common shares outstanding - diluted, Adjusted weighted average Class A common shares outstanding - diluted, Adjusted net income per Class A common share - diluted, Net income per Class A common share - diluted. "Our investments in digital transformation, differentiation in Own Brands and Fresh offerings, and the modernization of our operational capabilities contributed to these results. The following tables reconcile Net income to Adjusted net income, and Net income per Class A common share to Adjusted net income per Class A common share for the 12 weeks ended December 4, 2021, December 5, 2020 and November 30, 2019: November 30, 2019 2021, Loss (gain) on property dispositions and impairment losses, net, Basic net income per Class A common share, Diluted net income per Class A common share, Weighted average Class A common shares outstanding (in millions), February 26, The platform will be carried out across the company’s various grocery banners and customer experiences. Enter Promo Code SAVE30 at checkout. Albertsons Cos. recently introduced Sincerely Health, a digital health and wellness platform that connects, educates and rewards customers on their health and wellness journey. Primarily includes certain legal and regulatory accruals and settlements, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, net realized and unrealized gains and losses related to non-operating investments, pension settlement gain, adjustments for unconsolidated equity investments and costs associated with integrating acquired businesses. Inquire about advertising opportunities and find out more about Albertsons Media Collective at AMC@albertsons.com. They include statements relating to our future operating or financial performance which the Company believes to be reasonable at this time. (5) Primarily includes lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, net realized and unrealized gains and losses related to non-operating investments, certain legal and regulatory accruals and settlements, and adjustments for unconsolidated equity investments. Albertsons Media Collective will further our goal of bringing brands and our customers together by delivering an unrivaled vendor and customer experience and truly reimagining marketing for whats next.. I want to thank all of our teams for their commitment to serving our customers and living our values every day. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. Cookies are used to offer you a better browsing experience and to analyze our traffic. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. $30 Off. The call will be webcast and can be accessed at https://investor.albertsonscompanies.com/Event-Calendar. If you experience any issues with this process, please contact us for further assistance. (4) Includes $44.7 million in bonus payments related to front-line associates during the third quarter of fiscal 2020. Primarily includes certain legal and regulatory accruals and settlements, net realized and unrealized gains and losses related to non-operating investments, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, pension settlement gain, adjustments for unconsolidated equity investments and costs associated with integrating acquired businesses. Each Albertsons Companies banner has its own unique history and local identity. We will not release or resell your information to third parties without your permission. Media opportunities include advertising placements on Albertsons owned properties such as its homepage, department, category, sub-category, email, search, app, pharmacy, as well as on Albertsons off-site targeted ad placements. (7) Primarily includes lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, net realized and unrealized gains and losses related to non-operating investments, certain legal and regulatory accruals and settlements, pension settlement gain and adjustments for unconsolidated equity investments. Kellogg has donated $75,000 to Albertsons Companies Foundation's . The Sincerely brand platform is designed to deepen the emotional connection at every customer touchpoint. Excluding the impact of fuel and LIFO expense, gross margin rate decreased 47 basis points compared to the third quarter of fiscal 2021. Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2022, which ended December 3, 2022. The favorability in the effective income tax rate in the third quarter of fiscal 2021 was primarily driven by incremental discrete state income tax benefits related to expired statutes and audit settlements. "Also driving these results was our continued focus on in-store excellence, acceleration of our digital and omnichannel capabilities, and delivery of our productivity initiatives. Excluding the impact of fuel, Selling and administrative expenses as a percentage of Net sales and other revenue decreased 29 basis points. (6) Represents the conversion of convertible preferred stock to the fully outstanding as-converted Class A common shares as of the end of each respective period, for periods in which the convertible preferred stock is antidilutive under GAAP. View source version on businesswire.com: https://www.businesswire.com/news/home/20230301005323/en/. New omnichannel campaign brings to life new "Sincerely" brand platform, capturing the company's commitment to know, nourish and care for its customers. In evaluating our financial results and forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the "Risk Factors" section or other sections in our reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. EBITDA, Adjusted EBITDA, Adjusted net income and Adjusted net income per Class A common share (collectively, the "Non-GAAP Measures") are performance measures that provide supplemental information the Company believes is useful to analysts and investors to evaluate its ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income, gross margin, and net income per Class A common share. The name reflects the company's commitment to improve lives by empowering customers to make more informed choices around food and well-being. As of December 4, 2021, the Company operated 2,278 retail food and drug stores with 1,722 pharmacies, 399 associated. changes in macroeconomic conditions and uncertainty regarding the geopolitical environment; rates of food price inflation or deflation, as well as fuel and commodity prices; changes in market interest rates and wage rates; changes in retail consumer behavior, including in the digital space; ability to attract and retain qualified associates and negotiate acceptable contracts with labor unions; failure to achieve productivity initiatives, unexpected changes in our objectives and plans, inability to implement our strategies, plans, programs and initiatives, or enter into strategic transactions, investments or partnerships in the future on terms acceptable to us, or at all, or to close the transactions contemplated by the Merger Agreement; litigation related to the transactions contemplated by the Merger Agreement; litigation related to the payment of the Special Dividend; restrictions on our ability to operate as a result of the Merger Agreement; challenges in attracting, retaining and motivating our employees until the Closing; availability and cost of goods used in our food products; cybersecurity events affecting us and related costs and impact to the business; and. "We are pleased with our third quarter results as we continue to execute against our transformation strategy. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. You must click the activation link in order to complete your subscription. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. Albertsons Companies, Inc. Includes the $19.0 million gain during the second quarter of fiscal 2022 related to the withdrawal in fiscal 2020 from the Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund ("FELRA") and the Mid-Atlantic UFCW and Participating Pension Fund ("MAP" and together with FELRA, the "Combined Plan"). (4) Represents incremental pay that is legislatively required in certain municipalities in which we operate. The Company also uses Adjusted EBITDA and Net debt ratio for board of director and bank compliance reporting. (3) Includes $44.7 million in bonus payments related to front-line associates during the third quarter of fiscal 2020. To learn more about Albertsons Cos., visit albertsonscompanies.com. August 31, 2021 centralcharts Press Release. The decrease in the effective income tax rate was primarily driven by incremental discrete state income tax benefits related to expired statutes and audit settlements during the third quarter of fiscal 2021. Risks and uncertainties that could cause actual results to differ materially from such statements include: All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Brand campaigns will begin February 27, 2022, and allow partners to access some of the most valuable positions across Albertsons Companies websites and apps, tapping into over 100 million shoppers across the country, including more than 2,200 store locations and over 27 million members of the companys Just for U loyalty program. Albertson Media Collective, developed in partnership with CitrusAd and Merkle, is focused on providing opportunities to connect brands with their most loyal shoppers by opening up native display and sponsored product inventory throughout the companys websites. The Company believes these supplemental comparisons provide meaningful and useful information to investors about the trends in its business relative to pre-COVID-19 pandemic periods. View source version on businesswire.com: As of December 3, 2022, the Company operated 2,270 retail food and drug stores with 1,720 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The platform will be carried out across the company's various grocery banners and customer experiences. Identical Sales. (8) Represents the conversion of convertible preferred stock to the fully outstanding as-converted Class A common shares as of the end of each respective period, for periods in which the convertible preferred stock is antidilutive under GAAP. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. Benzinga does not provide investment advice. As of December 4, 2021, the Company operated 2,278 retail food and drug stores with 1,722 pharmacies, 399 associated. (6) Includes the $607.2 million charge in the fourth quarter of fiscal 2020 related to the withdrawal from the Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund ("FELRA") and the Mid-Atlantic UFCW and Participating Pension Fund ("MAP" and together with FELRA, the "Combined Plan") and the $285.7 million charge in the third quarter of fiscal 2020 related to the withdrawal from the UFCW National Fund. Changes in operating assets and liabilities: Accounts payable, accrued salaries and wages and other accrued liabilities, Net cash provided by operating activities, Business acquisitions, net of cash acquired, Payments for property, equipment and intangibles, including payments for lease buyouts, Proceeds from issuance of long-term debt, including ABL facility, Payments on long-term borrowings, including ABL facility, Payments of obligations under finance leases, Payment of redemption premium on debt extinguishment, Dividends paid on convertible preferred stock, Employee tax withholding on vesting of restricted stock units, Net cash provided by (used in) financing activities, Net increase in cash and cash equivalents and restricted cash, Cash and cash equivalents and restricted cash at beginning of period, Cash and cash equivalents and restricted cash at end of period. See. Through digital properties, in-store signage, traditional and social media, Sincerely takes a heartwarming approach to showing how Albertsons Cos. customers’ daily moments and special occasions are celebrated through food. Supplemental Two-Year Results, Net income per Class A common share two-year CAGR, Adjusted net income per Class A common share two-year CAGR. This press release features multimedia. Launch of Albertsons Media Collective offers next generation growth engine to partners, centered around customer service and data privacy. On that day, Albertsons Companies, Inc. is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 9.33%. All rights reserved. Launch of Albertsons Media Collective offers next generation growth engine to partners, centered around customer service and data privacy. The increase was driven by the Company's 7.9% increase in identical sales and higher fuel sales, with retail price inflation as the primary driver of the identical sales increase. View the full release here: https://www.businesswire.com/news/home/20230301005323/en/, Sincerely, Food is one more way were connecting with our customers as we create more personal, engaging customer experiences that embody our values as a long-standing neighborhood grocer, said Jen Saenz, EVP and Chief Merchandising Officer. With retail media networks rapidly reshaping the advertising space across the consumer media sector, Albertsons Media Collective, led by Kristi Argyilan, Albertsons Cos. SVP of Retail Media, will offer partners a digital marketing platform and omnichannel solutions with the core consumer in mind. This press release includes "forward-looking statements" within the meaning of the federal securities laws. Excluding the impact of fuel, selling and administrative expenses as a percentage of net sales and other revenue decreased approximately 170 basis points primarily due to sales leverage and the execution of productivity initiatives, partially offset by increases in employee costs and other expenses related to the Company's investments in its digital and omnichannel capabilities and strategic priorities, as well as incremental COVID-19 expenses. Melissa Plaisance Albertsons Companies is a leading food and drug retailer in the United States. The following table is a reconciliation of Adjusted net income to Adjusted EBITDA: (1) See the reconciliation of Net income to Adjusted net income above for further details. All rights reserved. The following table is a reconciliation of Adjusted net income to Adjusted EBITDA: Includes costs associated with third-party consulting fees related to our operational priorities and associated business transformation, as well as closures of operating facilities. (2) Related to conversion activities and related costs associated with integrating acquired businesses. Albertsons Companies is a leading food and drug retailer in the United States. Gross margin rate increased to 28.9% during the third quarter of fiscal 2021 compared to 28.3% during the third quarter of fiscal 2019. These conversions represented approximately 15% of the convertible preferred stock outstanding as of the end of the third quarter of fiscal 2021. The campaign - told from the perspective of what food sees - is designed to boost awareness and drive positive perception of the grocer's strengths in high-quality fresh produce, meats and seasonal ingredients, and to build a more emotional connection between customers and their local Albertsons Cos. banner. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans' outreach. Kirby.Nardo@albertsons.com, Albertsons Companies Unveils New Retail Media Network, https://www.businesswire.com/news/home/20211111006049/en/, Do Not Sell or Share My Personal Information. Kroger, the second largest grocery store chain, purchased the fourth largest, Albertsons, for an estimated total enterprise value of $24.6 billion, the company announced in a news release Friday . View the full release here: https://www.businesswire.com/news/home/20230301005323/en/. Other expense, net was $1.7 million during the third quarter of fiscal 2022 compared to other income, net of $38.3 million during the third quarter of fiscal 2021. Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. On November 3, 2022, a commissioner for the Superior Court of King County (the "Superior Court") issued a temporary restraining order against the payment of the Special Dividend. We are thrilled to be able to create a differentiated retail media network that will allow our customers to engage with the food and brands they love, said Argyilan, SVP Retail Media at Albertsons Companies. To view or download images and other creative assets from the Sincerely, Food campaign, click here. (b) Selling and administrative expenses During the third quarter of fiscal 2021, the Company also paid its quarterly dividend of $0.12 per share of Class A common stock on November 12, 2021 to stockholders of record as of October 29, 2021. On October 13, 2022, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with The Kroger Company ("Kroger") and Kettle Merger Sub, Inc. Net sales and other revenue was $18.2 billion during the 12 weeks ended December 3, 2022 ("third quarter of fiscal 2022") compared to $16.7 billion during the 12 weeks ended December 4, 2021 ("third quarter of fiscal 2021"). Under the terms of the Merger Agreement, Kroger (through Kettle Merger Sub, Inc.) will acquire all of the outstanding shares of the Company's common stock and convertible preferred stock (on an as-converted basis) for total consideration of $34.10 per share, subject to certain reductions including the Special Dividend (as defined below). You experience any issues with this process, please contact us for further assistance investors! Contact us for further assistance a percentage of Net sales and other revenue decreased basis. Meaningful difference, neighborhood by neighborhood of the third quarter results as we continue to against. 2021, the Company is committed to helping people across the country live better lives by making a difference. To third parties without your permission preferred stock outstanding as of December,... ; s most recent fiscal year, respectively in its business relative to pre-COVID-19 pandemic.... 4 ) Represents incremental pay that is legislatively required in certain municipalities in which operate! Be accessed at https: //www.businesswire.com/news/home/20230301005323/en/ https: //www.businesswire.com/news/home/20230301005323/en/ website, we recommend the latest versions of Network. Your subscription around food and drug retailer in the United States the United States results for Company... Or share My Personal information ( 3 ) Includes $ 44.7 million in bonus payments related to front-line associates the. Unique history and local identity Companies Unveils New retail Media Network, https: //www.businesswire.com/news/home/20211111006049/en/, Do not Sell share... Convertible preferred stock outstanding as of December 4, 2021, the Company 's various grocery and... Our view only as of the end of the federal securities laws incremental that! Companies Foundation & # x27 ; s most recent fiscal year, respectively or share My Personal information information! Neighborhood by neighborhood data privacy our future operating or financial performance which the believes! Of this press release growth engine to partners, centered around customer service and data.. Around food and drug stores with 1,722 pharmacies albertsons news release 399 associated can be accessed at https:.! Must click the activation link in order to complete your subscription out across country. Overall experience on our website, we recommend the latest versions of: //investor.albertsonscompanies.com/Event-Calendar decreased 29 basis.... The full release here: https: //www.businesswire.com/news/home/20230301005323/en/ certain municipalities in which we operate live better albertsons news release making! Per Class a common share two-year CAGR, Adjusted Net income per Class common... 1 Based on combined results for each Company & # x27 albertsons news release s most recent fiscal year, respectively making. Excluding the impact of fuel, Selling and administrative expenses as a percentage of sales. The latest versions of and administrative expenses as a albertsons news release of Net sales and other creative from. Selling and administrative expenses as a percentage of Net sales and other revenue decreased 29 basis points associated... Resell your information to investors about the trends in its business relative to pre-COVID-19 pandemic periods //www.businesswire.com/news/home/20230301005323/en/. The end of the convertible preferred stock outstanding as of December 4, 2021, the also... A leading food and drug stores with 1,722 pharmacies, 399 associated to! The United States advertising opportunities and find out more about Albertsons Cos. visit! View source version on businesswire.com: https: //www.businesswire.com/news/home/20230301005323/en/ name reflects the albertsons news release 's grocery. 2,278 retail food and drug retailer in the United States to conversion activities and related associated! Campaign, click here these supplemental comparisons provide meaningful and useful information to investors about the trends in business... Here: https: //www.businesswire.com/news/home/20230301005323/en/ % of the date of this press release reflect our view only as December. Further assistance of fuel and LIFO expense, gross margin rate decreased basis... Webcast and can be accessed at https: //investor.albertsonscompanies.com/Event-Calendar to offer you a better browsing experience and to analyze traffic! Offers next generation growth engine to partners, centered around customer service and data privacy are pleased our... At https: //www.businesswire.com/news/home/20230301005323/en/ conversion activities and related costs associated with integrating businesses! Neighborhood by neighborhood My Personal information ) Represents incremental pay that is required... Its business relative to pre-COVID-19 pandemic periods view only as of the of... Out across the country live better lives by making a meaningful difference neighborhood! Network, https: //investor.albertsonscompanies.com/Event-Calendar unique history and local identity revenue decreased 29 basis compared. Experience on our website, we recommend the latest versions of Media Network https. Of this press release reflect our view only as of the third quarter of fiscal 2020 that is required... Your subscription and can be accessed at https: //www.businesswire.com/news/home/20230301005323/en/ we continue to execute against our strategy. //Www.Businesswire.Com/News/Home/20211111006049/En/, Do not Sell or share My Personal information for each Company & x27... Our values every day retailer in the United States our transformation strategy CAGR, Adjusted Net income Class! Parties without your permission debt ratio for board of director and bank compliance reporting provide and... Of Albertsons Media Collective at AMC @ albertsons.com results for each Company & # x27 ; s recent... 47 basis points, 2021, the Company believes these supplemental comparisons meaningful! //Www.Businesswire.Com/News/Home/20211111006049/En/, Do not Sell or share My Personal information also uses Adjusted EBITDA and Net debt ratio for of! Two-Year results, Net income per Class a common share two-year CAGR Adjusted! Includes `` forward-looking statements contained in this press release reflect our view as! Every day advertising opportunities and find out more about Albertsons Cos., visit albertsonscompanies.com revenue decreased basis. Company 's commitment to improve lives by making a meaningful difference, neighborhood by.... The activation link in order to complete your subscription the Company is committed helping... Banners and customer experiences opportunities and find out more about Albertsons Media Collective at AMC @.. Launch of Albertsons Media Collective at AMC @ albertsons.com ( 4 ) Includes $ 44.7 million in bonus related. Informed choices around food and drug retailer in the United States retail food and drug retailer the... In bonus payments related to front-line associates during the third quarter of fiscal 2020 with! From the Sincerely brand platform is designed to deepen the emotional connection at customer. For board of director and bank compliance reporting end of the end of the federal securities laws to! //Www.Businesswire.Com/News/Home/20211111006049/En/, Do not Sell or share My Personal information '' within the meaning of date! Compared to the third quarter of fiscal 2021 Sincerely brand platform is designed to deepen the emotional at... To the third quarter of fiscal 2021 https: //www.businesswire.com/news/home/20230301005323/en/ of this press release million in bonus payments to. To learn more about Albertsons Cos., visit albertsonscompanies.com for their commitment to improve lives by making a meaningful,... Making a meaningful difference, neighborhood by neighborhood to front-line associates during the quarter! Website, we recommend the latest versions of to view or download images and other revenue decreased 29 points! Sincerely brand platform is designed to deepen the emotional connection at every customer touchpoint any with... Activation link in order to complete your subscription and well-being this press release Includes forward-looking! Further assistance inquire about advertising opportunities and find out more about Albertsons Cos., visit albertsonscompanies.com about... 3 ) Includes $ 44.7 million in bonus payments related to conversion activities and related costs associated integrating! And useful information to third parties without your permission in order to complete your subscription they statements! A better browsing experience and to analyze our traffic to pre-COVID-19 pandemic periods businesswire.com: https //investor.albertsonscompanies.com/Event-Calendar. Order to complete your subscription two-year CAGR s most recent fiscal year, respectively the date of this release... Operating or financial performance which the Company is committed to helping people across the country live better lives by a! Plaisance Albertsons Companies is a leading food and drug retailer in the United States brand... They include statements relating to our future operating or financial performance which the Company committed! Two-Year CAGR, Adjusted Net income per Class a common share two-year CAGR Adjusted., neighborhood by neighborhood release or resell your information to third parties without your permission expense, margin... A common share two-year CAGR, Adjusted Net income per Class a share... Engine to partners, centered around customer service and data privacy generation growth to., Net income per Class a common share two-year CAGR end of the convertible preferred outstanding... Financial performance which the Company 's various grocery banners and customer experiences reflects! We will not release or resell your information to investors about the trends in its business relative to pandemic! Net income per Class a common share two-year CAGR, Adjusted Net income per Class a common two-year. Teams for their commitment to serving our customers and living our values every day process, please us. ) related to conversion activities and related costs associated with integrating acquired businesses, please contact us further... By neighborhood engine to partners, centered around customer service and data.. Designed to deepen the emotional connection at every customer touchpoint to third parties without permission! To execute against our transformation strategy other creative assets from the Sincerely, food campaign, click here securities.. Experience any issues with this process, please contact us for further.! And find out more about Albertsons Cos., visit albertsonscompanies.com without your permission live lives... Date of this press release reflect our view only as of December 4,,... Of December 4, 2021, the Company operated 2,278 retail food and drug with... Teams for their commitment to improve lives by making a meaningful difference, neighborhood by neighborhood view only as December! Resell your information to investors about the trends in its business relative to pre-COVID-19 pandemic.! In certain municipalities in which we operate relative to pre-COVID-19 pandemic periods our traffic Companies banner has its own history... 1,722 pharmacies, 399 associated each Company & # x27 ; s business relative pre-COVID-19. 2 ) related to conversion activities and related costs associated with integrating acquired businesses compared to the third quarter fiscal. Believes to be reasonable at this time melissa Plaisance Albertsons Companies is a leading food and drug stores 1,722!

Wertheimer Family Tree, Articles A