BOISE, ID - The financial results are in for Albertsons Companies. The retailer recently reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023, which ended February 24, 2024.

"We delivered another solid quarter amidst a difficult industry backdrop," said Vivek Sankaran, Chief Executive Officer. "Again this quarter, we focused on our strategy to create Customers for Life, which drove strong growth in digital and pharmacy, deepened our omnichannel relationships with our customers, and improved our in-store experience. We are pleased with our fiscal 2023 financial results, particularly in omnichannel where we have increased our investments in technology, digital and in-store customer experience, and supply chain operations. We want to thank all of our teams who continue to deliver on our commitment to serving our customers and communities."

According to a press release, key highlights from the fourth quarter include:

• Identical sales increased 1 percent
• Digital sales increased 24 percent
• Net income of $251 million, or $0.43 per share
• Adjusted EBITDA of $916 million

Highlights from fiscal year 2023 include:

• Identical sales increased 3 percent
• Digital sales increased 22 percent
• Net income of $1,296 million, or $2.23 per share
• Adjusted EBITDA of $4,318 million

"As we look forward to fiscal 2024, we will continue investing in our Customers for Life strategy and developing the digital and omnichannel capabilities necessary to support it,” Sankaran added. “Our Customers for Life strategy is placing the customer at the center of everything we do, with the ultimate goal of supporting them every day, every week, and for a lifetime. It is a multi-year journey that we will continue to build on in fiscal 2024 as we invest in capabilities that allow us to digitally connect and further engage our customers through a frictionless omnichannel experience, enhance what we offer, modernize our operational capabilities, and transform our ways of working."

For more from the press release, click here.

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