Albertsons Companies’ 2024 success is marked by impressive year-over-year growth, as revealed in the retailer’s latest financial report. The company recently announced its results for the second quarter of fiscal 2024, which ended September 7, 2024, unveiling gains in several key areas.
"In the second quarter of fiscal 2024, investments in our Customers for Life strategy continued to drive strong growth in our digital sales and pharmacy operations," said Vivek Sankaran, Chief Executive Officer. "We also drove strong year-over-year growth in our loyalty members and omnichannel shoppers, and accelerated growth in our Albertsons Media Collective. We want to thank our teams for their ongoing commitment to serving our customers and supporting the communities in which we operate."
Some highlights shared in the retailer’s most recent report include:
"As we look ahead to the balance of fiscal 2024, we expect to see continuing headwinds related to investments in associate wages and benefits, an increasing mix of our pharmacy and digital businesses which carry lower margins, and an increasingly competitive backdrop," Sankaran added. "We expect these headwinds to be partially offset by ongoing and new productivity initiatives."
View the report in full here.
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