By Sam Silverstein
Source: Grocery Dive
As she ticked off Albertsons’ latest accomplishments at the start of the grocer’s third-quarter earnings call last week, CEO Susan Morris made the case that its stock price should be higher.
During the quarter, she said, Albertsons made “bold decisions” in investing in artificial intelligence and other technologies and “purposeful investments” to attract shoppers while boosting its sales. This includes an AI-powered planning and shopping assistant and a private label assortment that’s approaching 30% penetration.
