BOISE, ID - Albertsons Companies, Inc. reported results for the first quarter of fiscal 2025, which ended June 14, 2025.
First Quarter of Fiscal 2025 Highlights
- Identical sales increased 2.8%
- Digital sales increased 25%
- Loyalty members increased 14% to 47.3 million
- Net income of $236 million, or $0.41 per share
- Adjusted net income of $319 million, or $0.55 per share
- Adjusted EBITDA of $1,111 million
"In the first quarter, we delivered solid operating and financial performance, while investing in our core operations and improving our customer value proposition," said Susan Morris, Chief Executive Officer, in the recent report. "Ongoing investments in our strategic priorities drove increased engagement across our digital platforms, evidenced by strong growth in our digital sales, pharmacy operations, and membership in our loyalty program. To fuel these investments, we leveraged our productivity engine to drive efficiencies throughout our operations."
Morris added, "As we look forward to the balance of fiscal 2025, we do so with continued confidence in our Customers for Life strategy. We want to thank our teams for delivering these results and for their ongoing commitment to serving our customers and supporting the communities in which we operate."
First Quarter of Fiscal 2025 Results
Net sales and other revenue increased 2.5% to $24,880.8 million for the 16 weeks ended June 14, 2025 ("first quarter of fiscal 2025") from $24,265.4 million during the 16 weeks ended June 15, 2024 ("first quarter of fiscal 2024"). This increase was driven by a 2.8% increase in identical sales, with strong growth in pharmacy sales being the primary driver of the identical sales increase. We also continued to grow our digital sales with a 25% increase during the first quarter of fiscal 2025. These increases in Net sales and other revenue were partially offset by lower fuel sales.
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