Boise-based Albertsons saw its revenue increase during the latest quarter, fueled by growth in digital sales and its pharmacy business.
The company’s “identical sales,” which measure stores open for at least a year, increased 2.8%, helping Albertsons bring in a profit of $236.4 million in the quarter that ended on June 14th. Albertsons’ profit was down just slightly from the same time a year ago, partly because the revenue growth came from pharmacy and digital sales — two areas that carry higher costs.
“In the first quarter, we delivered solid operating and financial performance, while investing in our core operations and improving our customer value proposition,” CEO Susan Morris said. “Ongoing investments in our strategic priorities drove increased engagement across our digital platforms, evidenced by strong growth in our digital sales, pharmacy operations, and membership in our loyalty program.”…