The square footage of most Albertsons stores exceeds 50,000 square feet and often include many amenities such as pharmacies, bakeries, coffeeshops, salad bars and sometimes in-store banks. This boosts the company’s position in the industry, where it was ranked fifth based on sales per store of the leading supermarkets in 2019.
Albertsons’ net sales and other revenues exceeded 62 billion U.S. dollars in 2019, with its pharmacy segment generating around 5 billion U.S. dollars in segment revenues in that year. The company’s operating income experienced a sharp increase from 359 million U.S. dollars in 2015 to more than 1.4 billion U.S. dollars in 2019.
These financial results allow the company to position itself among the leading players in the industry, where U.S. grocery store sales were valued at more than 680 billion U.S. dollars in 2019. While Walmart was the leading retailer in terms of sales, Albertsons ranked tenth, although still lagging behind the sales of supermarket giant Kroger.
In the aftermath of the coronavirus outbreak in 2020, Albertsons witnessed a decline in monthly grocery store visits, as an increasing share of consumers moved their grocery shopping online during the pandemic. Indeed, the number of American consumers using grocery delivery and pickup surged in March and April 2020 compared to August 2019.