By Sam Silverstein
Source: Grocery Dive
- Albertsons posted $18.8 billion in net sales and other revenue during its fourth quarter of fiscal 2024, an increase of about 2.5% compared to the year-ago period, the grocery company said Tuesday.
- Identical sales rose 2.3% during the quarter, an improvement from the 1% comp sales growth Albertsons saw during Q4 of 2023. Net income for Q4 of 2024 fell about 31% year over year, to around $172 million.
- Albertsons expects to see “gradual and incremental improvement in top-line trends” in its grocery business during the second half of fiscal 2025 as investments it is making start to pay off, Susan Morris, the company’s chief operating officer and incoming CEO, said during an earnings call.
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