Core grocery demand is steady and largely recurring, with low single‑digit identical‑sales growth through cycles. Fiscal 2025 delivered 2.0% identical‑sales growth, and the company guided fiscal 2026 to 0.0% to 1.0% despite pharmacy headwinds.
Digital sales grew 21% and loyalty members increased to 51.2 million, supporting more predictable traffic and targeted promotions. Still, mix shifts, food inflation/deflation swings and pharmacy policy changes can move quarterly results, and the business remains sensitive to local competition and labor dynamics.
Overall, revenue predictability is good for a retailer, but profit predictability is moderate given margin thinness.







