Albertsons Companies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 11, 2021
October 18, 2021 at 07:34 am
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Albertsons Companies, Inc. reported earnings results for the second quarter and six months ended September 11, 2021. For the second quarter, the company reported sales was USD 16,505.7 million compared to USD 15,757.6 million a year ago. Net income was USD 295.2 million compared to USD 284.5 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.49 a year ago.
For the six months, sales was USD 37,775.1 million compared to USD 38,509.2 million a year ago. Net income was USD 740 million compared to USD 870.7 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 1.26 compared to USD 1.49 a year ago.
Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. The Company operates approximately 2,269 stores across 34 states and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and others. The Company operates approximately 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Its own brands include Signature SELECT, Open Nature, Signature Cafe, Lucerne, Waterfront BISTRO, Primo Taglio, Signature Care, Signature Reserve and Value Corner.