Albertsons Companies continued to reap the benefits of strong online demand in its fourth quarter, reporting its fourth consecutive quarter of 200%-plus digital growth.
The grocer reported a net loss of $144.2 million or $0. 37 cents per share for the quarter ended Feb. 27, which included a $449.4 million charge, net of tax, related to the company’s combined pension plan, compared to net income of $67.8 million, or $0.12 cents per share in the year-ago period. Adjusted net income was $347.2 million, or $.60 cents per share compared to $194.2 million, or $0. 33 cents per share last year.
Net revenue rose to $15.77 billion were up from $15.44 billion. Digital sales soared 282%. Comp sales rose 11.8%.
Source: Chain Storeage
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