SHARE

Albertsons Q1 profit falls 64% as retailer cuts outlook and revamps operations

The US grocery company reported Q1 net income of $84.7m, down from $236.4m a year earlier, as weaker grocery sales offset digital and pharmacy growth. The retailer cut its financial year outlook and launched a major operational overhaul.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.