"These results, and our results for fiscal 2022 overall, were fueled by the rollout of our ‘Customers for Life’ transformation strategy, which places the customer at the center of everything we do, with the ultimate goal of supporting them every day, every week and for a lifetime,” said Vivek Sankaran, Albertsons’ CEO, in the release.
“Against this backdrop, throughout the year, we invested in the following initiatives: digitally connecting and engaging our customers through a frictionless omnichannel experience, differentiating our store experience, enhancing what we offer and where we offer it, modernizing our operational capabilities, and further embedding ESG throughout our operations,” he added.
Albertsons is in the process of a yet-to-be-approved merger with Kroger, the largest supermarket operator in the U.S. As part of the proposed $24.6 billion merger, Kroger says it planned to divest some 250-300 stores to alleviate the antitrust concerns of federal regulators. The merger has also drawn concerns from workers. Earlier this month, a group of organizations that oppose the merger and have joined together as Stop the Merger, said thousands of Kroger and Albertsons represented by the United Food and Commercial Workers (UFCW) union would hold demonstrations in front of Kroger and Albertsons stores in April.
In total, Albertsons operates more than 2,200 stores across 34 states under several notable banners that include its namesake Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lover's Market.