Albertsons Companies, Inc (NYSE: ACI), the parent company of supermarket chains such as Albertsons Markets, Safeway, and Acme, made its public debut back in June 2020. Alternative data—specifically, Bloomberg Second Measure’s consumer transaction data—shows that after an initial bump in sales at the beginning of the pandemic, Albertsons Companies’ sales are back to pre-pandemic levels. A closer look at our data also reveals that customer counts at Albertsons are lower than before the pandemic, but average monthly sales per customer is higher.
Albertsons Companies sales have settled back to 2019 levels
When shelter-in-place orders went into effect in March 2020, grocery spending skyrocketed as U.S. consumers were stockpiling supplies. For Albertsons Companies, sales in March 2020 were 35 percent higher year-over-year and 41 percent higher than the previous month.
Albertsons Companies sales remained partially elevated year-over-year during the summer of 2020, but have since cooled down to pre-pandemic levels. In November 2021, Albertsons Companies’ sales were about the same as sales in November 2020 and were 3 percent lower than in November 2019.
Aside from the March 2020 boost related to pandemic spending, annual sales patterns indicate that Albertsons Companies experiences a modest bump in sales each December, likely for the holidays. December sales in 2019 were 6 percent higher compared to the previous month, while December sales in 2020 were 12 percent higher month-over-month.
Alternative data shows that Albertsons Companies has seen fewer customers during the pandemic, but customers are spending more
Albertsons Companies sales have returned to pre-pandemic levels, but it is reaching those levels differently. Customer volume dropped 20 percent between March and April of 2020, and has yet to return to pre-pandemic customer counts. In November 2021, the volume of customers was 4 percent higher than in November 2020 but 8 percent lower than in November 2019.
However, higher monthly sales per customer is making up for the drop in customers. Between February and March of 2020, the average monthly sales per customer at Albertsons grew 36 percent and remained elevated year-over-year throughout the rest of 2020.
To learn more about the data behind this article and what Second Measure has to offer, visit https://secondmeasure.com/.
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