Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
BelGioioso - Burrata & Stracciatella
Albertsons Releases its Preliminary Q2 2015 Financial Report

Albertsons Releases its Preliminary Q2 2015 Financial Report

Wednesday, October 21st, 2015

Just a week after Albertsons announced that it would be delaying its planned initial public offering, the retailer reported a promising uptick in same-store sales for its preliminary Q2 2015 results on Tuesday evening.

The Wall Street Journal reported that Albertsons’ same-store sales increased approximately 4.4 percent on an adjusted basis for its second quarter, ended September 12. This was driven by 9.7 percent growth at stores it acquired from Supervalu and 4.8 percent growth from stores it bought from Safeway, according to Forbes.

Net sales, on the other hand, were reported to be about $13.4 billion, compared to $5.6 billion during the same time last year due to the company’s merger with Safeway.


Last Thursday, Albertsons made headlines when the company said it would postpone its IPO citing unfavorable market conditions. A later report that day indicated that the company still intends to initiate its offering before the Thanksgiving holiday at approximately $20 per share under the New York Stock Exchange as the ticker symbol ABS.

Earnings from the IPO would be used to pay down debt, which was reported at $12 billion.

As of June 20, 2015, the company operates 2,205 stores across 33 states under 18 banners. Albertsons operates 30 distribution centers and 21 manufacturing facilities.


Will this encouraging outlook be enough to increase investor confidence as the company re-initiates its IPO later this year? Stay tuned to DeliMarket News as we continue our coverage.


Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperatureBelGioioso - Burrata & Stracciatella

Have a new product, press release or story idea?

Let us know

In This Story

Your favorite neighborhood food and drug retailer with helpful associates, competitive prices and high quality, fresh products.

The Spice Lab is Now USDA NOP Organic Certified

The USDA Organic seal assures consumers that products are 95% or more certified organic.
View Press Release

Valio Unveils On-Trend Food Innovations and Ingredients Solutions at SIAL Paris

The company plans to showcase its latest food innovations and tailor-made ingredients solutions at the upcoming show.
View Press Release

Charlotte-Based Hissho Sushi Makes N.C. Mid-Market Fast 40 List

This year marks 20 years since Hissho Sushi was founded in Charlotte, NC.
View Press Release

Anheuser-Busch Inbev & DS Smith Plastics Named 2018 Excellence in Reusable Packaging Award Winners

RPA announces two winners in the 2018 Excellence in Reusable Packaging award program.
View Press Release

It's Pumpkin Spice Season!

Litehouse debuts a fresh look for its line of deliciously indulgent caramel dips and a limited-edition flavor: Pumpkin Spice Caramel.
View Press Release

Time to Step Up Your Fall Menu Plan; Pereg Natural Foods Gets You Started

Suffering from pumpkin spice fatigue? Here are 14 savory reasons why you still need pumpkin spice in your life.
View Press Release

New Snack Bars Take the Tahini Craze to Healthy Delicious Heights

Absolutely Gluten Free introduces TahiniBAR, the energy bar made from sesame seeds, in three exciting flavors.
View Press Release

Apex to Represent Ice-O-Matic® in MAFSI Territory 16 & 19

Sales and sales support coverage by the global ice machine manufacturer now includes multiple states in the Midwestern U.S. with personnel in four major cities.
View Press Release

HNINA Receives Chocolatier's Award

International Chocolate Salon honors Vanessa (Hnina) Morgenstern-Kenan with The Chocolatier's Award.
View Press Release