×
The email you entered is not valid.
Business

Albertsons Companies’ (NYSE: ACI) sales per customer has increased in the pandemic

Source: https://secondmeasure.com/datapoints/alternative-data-albertsons-nyse-aci-pandemic-sales-per-customer/

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/.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.