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The privately held grocer, based in Boise, Idaho, has 2,200 stores and more than 250,000 employees, making it the second-largest supermarket chain in North America after Kroger. Earlier this year, Albertsons filed for an IPO, and despite the economic turmoil, it remains committed to going public. The timing certainly seems good: Profits almost tripled in its most recent fiscal year, reaching $466 million in the 53 weeks ending Feb. 29, up 256% year-over-year. Partially buoyed by COVID-19-fueled buying, March and April sales rose by 34% on an annual basis, and the company has hired 55,000 people since March.
Adolphe Pierre-Louis—The Albuquerque Journal via AP Images
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