Surging online grocery sales lifted Albertsons Companies to stronger-than-expected earnings during the third quarter.
For the period ended Dec. 5, same-store sales at Albertsons grew 12.3% on the strength of digital sales, which skyrocketed 225%.
“Our constant focus on our customers continued to drive strong growth and market share gains in the third quarter,” said Vivek Sankaran, president and CEO. “It is clear that our strategy is working, and as we continue to execute on our strategic priorities, we believe we are well positioned to deliver sustainable growth over the long term. At the same time, we remain focused on delivering value to all stakeholders, including taking care of our customers, associates and the communities we serve as we continue to navigate through the pandemic.”Retail Leader