The coronavirus pandemic has provided grocery stores a significant boost in business. An earnings report released Thursday morning by Albertsons Cos. offers a glimpse of how much people have increasingly relied on grocery stores to meet their food needs.
Same-store sales increased 34% during the first eight weeks of the Boise company’s 2020 fiscal year, ending April 25, compared with the same period a year ago. During the four weeks ending March 28, sales jumped 47% . In the subsequent four weeks, they were up 21%.
“We find ourselves in unprecedented times battling against the coronavirus and coping with the challenges created by the COVID-19 pandemic,” CEO Vivek Sankaran said in a quarterly earnings call with investors. “Our highest priority over the last two months has been ensuring the safety of our associates and customers while delivering the essential services we provide in the community.”
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