Albertsons Companies

Susan Morris became CEO on May 1, 2025, bringing nearly four decades of company experience and deep operating roots. Under her leadership, Albertsons terminated the Kroger merger in December 2024 following federal and state court injunctions and pivoted to a standalone plan focused on productivity, technology, retail media and loyalty.

Execution in fiscal 2025 delivered stable identical sales, strong digital growth and disciplined expense control ex one‑time charges. That said, it is still early in this regime, pharmacy headwinds are material, and a recent Washington AG lawsuit poses brand and legal risk.

We regard leadership depth and local-operator DNA as positives, while awaiting a multi‑year track record of margin expansion and cash compounding.