In August 2018, the day before shareholders were scheduled to vote, Albertsons Companies Inc. and Rite Aid called off a planned $24 billion merger due to concerns from both companies’ investors. But Albertsons continues to push forward against competitors like Amazon and Walmart, increasing fast delivery options through Instacart and expanding Drive Up and Go pickup services to 250 stores in 2018. Albertsons has also been increasing its technological presence, adopting IBM’s blockchain service, Microsoft’s Azure AI, and piloting the micro-fulfillment center concept with Takeoff Technologies. Future innovations will be spearheaded by former PepsiCo Foods North America CEO Vivek Sankaran, who replaced Jim Donald as Albertsons’ president and CEO in April. Donald, who served less than seven months as CEO, will stay on as co-chairman of the board.
Company Info
| CEO | Vivek Sankaran |
| CEO Title | President, Chief Executive Officer & Director |
| Sector | Food & Drug Stores |
| Industry | Food and Drug Stores |
| HQ Location | Boise, Idaho |
| Website | www.albertsonscompanies.com |
| Years on Fortune 500 List | 15 |
| Employees | 275,000 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $59,924.6 |
| Profits ($M) | $46.3 |
| Assets ($M) | $21,812.3 |
| Total Stockholder Equity ($M) | $1,398.2 |
Profit Ratios
| Profit as % of Revenues | 0.1% |
| Profits as % of Assets | 0.2% |
| Profits as % of Stockholder Equity | 3.3% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | - |
| EPS % Change (from 2017) | - |
| EPS % Change (5 year annual rate) | - |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2018) | - |
| Total Return to Investors (5 year, annualized) | - |
| Total Return to Investors (10 year, annualized) | - |
