BOISE, ID - Albertsons Companies, Inc. reported results for the fourth quarter of fiscal 2024 and full year fiscal 2024, which ended February 22, 2025.

Fourth Quarter of Fiscal 2024 Highlights

• Identical sales increased 2.3%
• Digital sales increased 24%
• Loyalty members increased 15% to 45.6 million
• Net income of $172 million, or $0.29 per share
• Adjusted net income of $270 million, or $0.46 per share
• Adjusted EBITDA of $855 million

Fiscal 2024 Highlights

• Identical sales increased 2.0%
• Digital sales increased 24%
• Net income of $959 million, or $1.64 per share
• Adjusted net income of $1,382 million, or $2.34 per share
• Adjusted EBITDA of $4,005 million

"We delivered solid results in the fourth quarter and closed fiscal 2024 with positive momentum as we continued to invest in our Customers for Life strategy," said Vivek Sankaran, CEO, in a recent press release. "This strategy has firmly positioned the Company for its next chapter of growth and value creation for shareholders. As previously announced, I am retiring as of May 1, 2025, and am delighted that the Board of Directors has selected Susan Morris to succeed me as CEO. Under Susan's leadership, I have the utmost confidence that she and the entire team will continue to drive future growth and continue to elevate our role with our customers and our communities."

Susan Morris, COO and incoming CEO, said, "I am thrilled to be taking the helm of our Company during this transformational time in our Customers for Life strategy. None of this would be possible without the support of our 285,000 associates who work tirelessly to make it all happen." Morris added, “As we look forward to fiscal 2025 and beyond, we are excited about the investments we have made in our core business, including the growth opportunity inherent in our digital platforms working together to generate deeper engagement, increased digital inventory and acceleration of growth in the Albertsons Media Collective. While fiscal 2025 will be an investment year, beginning in fiscal 2026 we expect to drive growth consistent with our long-term algorithm of 2+% identical sales and Adjusted EBITDA growth higher than identical sales growth."

See the full report here.