Albertsons is one of the largest food and drug retailers in the United States, with over 2,200 stores across the country. The company operates under a number of banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme Markets, Shaw’s and Star Market.
The company was founded in 1939 by Joe Albertson in Boise, Idaho. Albertson’s stock is publicly traded on the NASDAQ under the ticker symbol ABS. As of February 2019, the company had a market capitalization of $10.7 billion.
Albertson’s reported revenue of $60.8 billion for fiscal year 2018. The company’s net income for the year was $337 million, or $1.54 per share. Albertson’s operates under a number of banners in the United States
Albertson’s is a publicly traded company with a market capitalization of over $10 billion as of 2019. The company has been profitable in recent years and reported revenue of $60.8 billion in 2018. Given its size and scope, Albertson’s stock may be worth considering for investors interested in the food and drug retail sector.
