Stock Symbol: ABS
250 E Parkcenter Blvd
Albertson's, Inc. Industry:
Albertson's, Inc. Description:
Albertsons is one of the world's largest food and drug retailers, with annual revenues of approximately $38 billion. Based in Boise, Idaho, the Company employs more than 200,000 employees and operates approximately 2,300 retail stores in 31 states across the United States, under banners including Albertsons, Jewel-Osco, Acme, Albertsons-Osco, Albertsons-Sav-on, Sav-on Drugs, Osco Drug, Max Foods, Super Saver.
Albertson's, Inc. Financial Summary:
ABS operates combination food-drug stores, supermarkets and warehouse stores. For the 26 weeks ended 8/04/05, net sales rose 7% to $20.18B. Net income from cont. ops. rose 20% to $217M. Revenues reflect the acquisition of Shaw's, progress in recovering from the labor dispute, new store expansion revenues and several new nationally co-ordinated merchandising programs. Higher income reflects improved operating margins and higher non-interest income.
Albertson's, Inc. Business Summary:
Albertson's, Inc. (Albertsons) is an operator of retail food and drug chains in the United States. As of February 3, 2005, the Company's divisions and subsidiaries operated 2,503 retail stores in 37 states. These retail stores consisted of 1,521 combination food-drug stores, 265 conventional stores and 695 stand-alone drugstores as of February 3, 2005. Albertsons operated 234 fuel centers in 22 states. The Company's retail operations are supported by 19 distribution centers. Albertsons' divisions and subsidiaries operate stores under the banners Albertsons, Acme, Bristol Farms, Grocery Warehouse, Jewel, Jewel-Osco, Max Foods, Osco Drug, Sav-on Drugs, Shaw's, Star Market and Super Saver. On April 30, 2004, the Company acquired J Sainsbury plc's United States retail grocery store business (Shaw's). The operations acquired consisted of 206 grocery stores in the New England area operated under the banners of Shaw's and Star Market. On September 21, 2004, Albertsons acquired Bristol Farms.