As of Feb. 22, 2025, Albertsons operated 2,270 retail stores under a variety of banners.
Albertsons Companies reported better-than-expected earnings and revenue for its fourth quarter but a disappointing outlook as the company readies for a change in leadership.
Susan Morris, who has served as the grocer’s COO since 2018, will take the reins of the company on May 1, when current CEO Vivek Sankaran is set to retire.
“I am delighted that the board of directors has selected Susan Morris to succeed me as CEO,” stated Sankaran. “Under Susan’s leadership, I have the utmost confidence that she and the entire team will continue to drive future growth and continue to elevate our role with our customers and our communities.”
Sankaran said the year ended with “positive momentum” as Albertsons continues to invest in its “Customers for Life” strategy. He sounded an equally positive note on the company’s earnings call.
“Within a few months since the termination of the merger, our mojo is back,” Sankaran said.
In December, Albertsons called off its proposed $25 billion merger with The Kroger Co. the day after a judge temporarily blocked the deal.