1. Channel: Grocery

Albertsons’ Q3 Sales Up Slightly, While Profit Declines

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Albertsons yesterday released its third quarter results, saying that sales and revenue were up 2.9 percent to $18.6 billion, from $18.2 billion during the same period a year ago.

Net income for the quarter was $361.4 million, compared to $375.5 million during the same period a year ago.

Albertsons said that same-store sales were up 2.9 percent, with digital sales up 21 percent.  Members of Albertsons’ loyalty program grew 17% to 38.5 million.

The post Albertsons’ Q3 Sales Up Slightly, While Profit Declines appeared first on MNB.

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For more than 30 years, Kevin Coupe has been bringing to readers and audiences a wealth of experience, sharp storytelling skills, provocative and contextual insights, unique worldview and serious levity about the world of business and consumers. https://morningnewsbeat.com
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