The Boise-based grocery giant, which owns Albertsons, Safeway, and Vons, fell one spot on this year’s list.
  • For the 2022 fiscal year, Albertsons earned $71.9 billion in revenue and net income of $1.6 billion.
  • In October 2022 rival Kroger announced that it would buy Albertsons in a deal that values the company at more than $20 billion. Politicians and labor unions have pushed back against the proposed acquisition, arguing it will eliminate jobs, reduce wages, and raise food prices.
  • The companies have said regulatory approval of the deal won’t happen until early 2024 and will likely require the sale or spinoff of hundreds of stores.
  • A combined Kroger-Albertsons would earn $200 billion in revenue and operate 5,000 stores.
Jason Armond—Los Angeles Times/Getty Images

Company Information

As of 6/5/23
Country
U.S.
Headquarters
Boise
Industry
Food and Drug Stores
CEO
Vivek Sankaran
Company Type
Public
Ticker
ACI
Revenues ($M)
$71,887
Profits ($M)
$1,620
Market Value ($M)
$11,132
Employees
195,750
Figures are for fiscal year ended Feb. 28, 2022. Market value as of March 31, 2023.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$71,887
3.2%
Profits ($M)
$1,619.6
90.5%
Assets ($M)
$28,123
-
Total Stockholder Equity ($M)
$4,303.1
-

Profit Ratios

Profit as % of Revenues
2.3%
Profits as % of Assets
5.8%
Profits as % of Stockholder Equity
37.6%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
2.70
EPS % Change (from 2021)
83.7%
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-

Total Return

Total Return to Investors (2022)
-7.1%
Total Return to Investors (5 year, annualized)
-
Total Return to Investors (10 year, annualized)
-

Albertsons Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2022$69,69011.6%$85082.3%$26,598$2,923
2021$62,4553.2%$466255.8%$24,735$2,278
2020$60,5351%$131183.2%$20,777$1,451
2019$59,9250.4%$46$21,812$1,398
2018$59,6781.6%$-373$23,755$1,371
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