{"id":23697,"date":"2025-04-16T03:21:09","date_gmt":"2025-04-16T03:21:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/23697\/"},"modified":"2025-04-16T03:21:09","modified_gmt":"2025-04-16T03:21:09","slug":"albertsons-sales-up-as-shoppers-tighten-their-pocket-books","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/23697\/","title":{"rendered":"Albertsons’ Sales Up as Shoppers ‘Tighten Their Pocket Books’"},"content":{"rendered":"

Grocery giant Albertsons<\/a> says inflationary pressures continue to push its shoppers to seek value.<\/p>\n

The company on Tuesday (April 15) released earnings<\/a> showing 24% upticks in digital sales for the quarter and full fiscal year.<\/p>\n

Identical sales were up 2.3% for the quarter \u2014 2% for the year \u2014 while the company\u2019s loyalty program membership climbed 15% to 45.6 million.\u00a0<\/p>\n

Management noted on an earnings call that its consumers continue to look for value in a tough economic environment.<\/p>\n

\u201cEverything you\u2019re hearing about, our own research validates. The consumer sentiment is low, etc.,\u201d said Sharon McCollam<\/a>, the company\u2019s chief financial officer.<\/p>\n

\u201cBut the consumer is also saying that they will do what they\u2019ve been doing, which is seek value and find ways to tighten their pocket books, you know, food away from home versus food at home is always a decision for those customers who need value. So at this point, we have not seen a major change.\u201d<\/p>\n

One of the quarter\u2019s main sales drivers was Albertsons\u2019 pharmacy offering<\/a>, where quarterly revenues were up 18% year over year.<\/p>\n

\u201cAlthough the pharmacy business is financially dilutive, cross shoppers between grocery and pharmacy are exceptionally valuable, contributing outsized customer lifetime value to the total store,\u201d said Susan Morris, the company\u2019s incoming CEO.<\/p>\n

\u201cFor this reason, in fiscal \u201925, we will continue to invest in our pharmacy and health platform to drive increased customer engagement and loyalty. We also expect growth in scripts and immunizations as pharmacy competitors continue to close stores<\/a>.\u201d<\/p>\n

She also noted the evolution of the pharmacy customer, who will typically engage with the company in-store first for their first year before engaging across multiple platforms.<\/p>\n

\u201cAs they engage with us, through those multiple platforms, that\u2019s when we start to see, the bigger unlock and their lifetime value,\u201d she said.<\/p>\n

Morris is scheduled to become CEO May 1, the same day that current chief executive Vivek Sankaran is set to retire<\/a>. She has been Albertson\u2019s chief operating officer since 2018.<\/p>\n

On the question of tariffs<\/a>, management pointed out that the company procures 90% of its products domestically, putting it in a different position than some of its competitors. But even with those domestic purchases, there are ingredients sourced from places that are impacted by the tariffs, a situation the company says warrants further monitoring.<\/p>\n

\u00a0<\/p>\n

See More In: Albertsons<\/a>, Consumer Spending<\/a>, Earnings<\/a>, grocery<\/a>, inflation<\/a>, News<\/a>, PYMNTS News<\/a>, Retail<\/a>, Supermarkets<\/a>, tariffs<\/a>, What’s Hot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Grocery giant Albertsons says inflationary pressures continue to push its shoppers to seek value. The company on Tuesday…\n","protected":false},"author":2,"featured_media":23698,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3938],"tags":[14815,3444,13205,1830,77,4416,476,12,3279,363,2070,479,16,15,3281],"class_list":{"0":"post-23697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-books","8":"tag-albertsons","9":"tag-books","10":"tag-consumer-spending","11":"tag-earnings","12":"tag-entertainment","13":"tag-grocery","14":"tag-inflation","15":"tag-news","16":"tag-pymnts-news","17":"tag-retail","18":"tag-supermarkets","19":"tag-tariffs","20":"tag-uk","21":"tag-united-kingdom","22":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114345494657075098","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/23697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=23697"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/23697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/23698"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=23697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=23697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=23697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}