Albertsons achieved $24.9 billion in net sales during Q1 of fiscal 2025, marking a 2.5% growth year-over-year. Identical sales grew by 2.8%, fueled by significant increases in pharmacy and e-commerce sales. The company raised its forecast for identical sales in fiscal 2025 to a range of 2% to 2.75%. The pharmacy segment expanded by 20% compared to last year, highlighting the importance of pharmacy visits in driving overall grocery sales. Investments in pharmacy and digital operations continue to support growth in core grocery offerings.
Albertsons reported $24.9 billion in net sales for the first quarter of fiscal 2025, reflecting a 2.5% increase from last year, driven mainly by growth in its pharmacy and e-commerce sectors.
Pharmacy and health business grew 20% year over year largely due to strong prescription sales, which has positively impacted overall grocery sales as pharmacy customers visit more frequently.
Albertsons anticipates identical sales growth of 2% to 2.75% for fiscal 2025, raised from an earlier prediction of 1.5% to 2.5%, based on expected performance in pharmacy and digital sectors.
Investments in the pharmacy and e-commerce operations are yielding positive results, contributing to sequential improvement in core grocery operations and boosting overall sales.
Collection
[
|
...
]