25 October 2017
We review Albertsons’ second quarter results, including its strong ecommerce performance.
Sales flat as losses grow
Second quarter sales decreased marginally by 0.2% to $13.8bn, with identical store sales, excluding fuel, down 1.8%. This was driven by a 4.0% decline in customer traffic, offset by an increase of 2.2% in average ticket size. Net losses for the period came in at $355.2m, compa...