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Why Albertsons Is This Week’s Barron’s Stock Pick

Since the pandemic began in March, the owner of the Safeway and Acme supermarket chains has had sales growth of more than 20% and ample profits. Albertsons also has an improving outlook and a dynamic CEO in Vivek Sankaran, who joined in 2019 from (PEP) (PEP), where he headed the North American food business. Albertsons operates more than 2,200 stores and is strong in California, where it has nearly 600. Read More...

Since the pandemic began in March, the owner of the Safeway and Acme supermarket chains has had sales growth of more than 20% and ample profits. Albertsons also has an improving outlook and a dynamic CEO in Vivek Sankaran, who joined in 2019 from (PEP) (PEP), where he headed the North American food business. Albertsons operates more than 2,200 stores and is strong in California, where it has nearly 600.

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