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StockNews.com
Business
Rjkumari Saxena

Is Albertsons Companies a Grocery Stock Worth Adding to Your Portfolio?

Albertsons Companies, Inc. (ACI), a leading food and drug retailer, reported solid financial results for the third quarter, which ended November 30, 2024. The company’s identical sales increased 2.0% over the prior year’s period, while its digital sales rose 23%. Also, ACI’s loyalty members increased by 15% to 44.3 million.

As of the date of the quarterly report, ACI operated 2,273 retail food and drug stores, 1,732 pharmacies, 405 associated fuel centers, 22 dedicated distribution centers, and 19 manufacturing facilities. ACI has its stores across 34 states and the District of Columbia under more than 20 brands, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, and United Supermarkets.

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