Albertsons’ Sales Growth Outpaces Rivals Amid Covid-19 Pandemic

Albertsons Cos. reported stronger gross sales development than some rival meals sellers as shoppers proceed to purchase extra groceries than regular in the course of the coronavirus pandemic.

After reserving robust gross sales to shoppers who spent most of 2020 cooking at residence, Albertsons and different grocers are working to maintain gross sales momentum and maintain on to prospects who they hope will make a few of their pandemic-era eating habits everlasting. Many shoppers are looking for groceries much less regularly, shopping for better quantities of meals once they do and at occasions splurging on premium meals merchandise.

“We continue to see fewer trips per household but larger baskets,” Albertsons Chief Executive Vivek Sankaran stated Tuesday on a name with analysts.

Boise, Idaho-based Albertsons stated gross sales at shops open at the least 15 months, excluding gas, rose 12.3% for the quarter ended Dec. 5. The gross sales development mirrored a slight decline from the prior quarter, when the corporate posted a 13.8% improve, but it surely beat expectations and was increased than sales growth at other grocers akin to Kroger Co. and Walmart Inc.

“We are encouraged that customers spending more time at home are looking to us,” Mr. Sankaran stated.

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