Albertsons yesterday that its Q1 same-store sales were up 6.8 percent, while digital sales were up 28 percent.
The company said that Q1 net sales and revenue hit $23.3 billion in the quarter, up from $21.3 billion during the same period last year. Net income for the period was $484.2 million, up from $444.8 million a year ago.
Albertsons also said that it has "engaged a third party to review the value of its real estate portfolio. Based on the completed real estate appraisal, the total value of Company-owned and ground-leased properties has increased approximately $2.5 billion to $13.7 billion, up from $11.2 billion in 2019." Albertsons currently is engaged in a Strategic Alternatives Review, but has "not set a timetable" for its conclusion, "nor has it made any decisions related to any further actions or potential strategic alternatives at this time."