U.S. grocer Albertsons Cos Inc on Monday reported a 26.5per cent rise in same-store sales in its first quarter as a publicly listed company, ...
U.S. grocer Albertsons Cos Inc on Monday reported a 26.5per cent rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home deliveries of groceries during the COVID-19 pandemic.
FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank, California, U.S., July 17, 2012. REUTERS/Fred Prouser/File PhotoREUTERS: U.S. grocer Albertsons Cos Inc on Monday reported a 26.5per cent rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home deliveries of groceries during the COVID-19 pandemic.
Net sales and other revenue rose to US$22.75 billion for the quarter ended June 20, from US$18.74 billion a year earlier.Albertsons' net income rose to US$586.2 million, or US$1 per share, in the first quarter, from US$49 million, or 8 cents per share, a year earlier.
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