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 $200 billion in revenue and operate 5,000 stores.
Jason Armond—Los Angeles Times/Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Boise
Industry
Food and Drug Stores
CEO
Vivek Sankaran
Website
Company Type
Public
Ticker
ACI
Revenues ($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
| Year | Revenues ($M) | Profits ($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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