Financial Data and Key Metrics Changes - Total sales for Q2 2020 were $15.8 billion, up from $14.2 billion in Q2 2019, driven by a 13.8% increase in identical sales [25][28] - Adjusted EBITDA increased by 67% to $948 million compared to $567.6 million in Q2 2019 [28] - Adjusted EPS grew to $0.60 per share from $0.17 per share in the prior year [28] - Gross profit margin increased to 29% from 27.8% year-over-year, with improvements in shrink expense and sales leverage contributing to this growth [25][26] Business Line Data and Key Metrics Changes - Digital sales surged by 243% year-over-year, indicating a significant shift towards eCommerce [8][15] - The Own Brands portfolio, which includes over 12,000 unique items, continues to drive a gross margin advantage of 1,000 basis points compared to national brands [12][14] - Seafood sales increased by 46% year-over-year, while flour sales rose over 20% in Q2 [11] Market Data and Key Metrics Changes - The company gained significant market share across both food and multi-outlet (MULO) categories, with all income segments increasing their spending [8][9] - The Drive Up and Go (DUG) segment grew over 1,000% year-over-year, highlighting the rapid expansion of digital offerings [17] Company Strategy and Development Direction - The company is focused on maintaining in-store excellence, enhancing digital and eCommerce capabilities, and driving productivity through technology investments [10][15][20] - Plans to expand the DUG locations to 1,800 by the end of fiscal year 2021, up from a previous goal of 1,600 [15] - The company aims to leverage its strengths in fresh products and expand its eCommerce capabilities to capture a larger share of the $1.6 trillion food and beverage market [36][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform the $3.2 billion EBITDA consensus estimate for fiscal year 2021, citing strong demand and market share gains [36][39] - The company anticipates that consumer behaviors will shift towards more at-home eating, providing a larger market opportunity [47][60] - Management highlighted the importance of maintaining a balance between investing in customer experience and driving profitability [58] Other Important Information - The company plans to spend approximately $1.9 billion in total capital expenditures for the year, focusing on high-return projects [29][30] - A quarterly dividend of $0.10 per share was approved, reflecting the company's commitment to returning capital to shareholders [32] Q&A Session Summary Question: Comments on gross margins and promotional environment - Management noted that the promotional environment has become more rational, with productivity measures driving gross margin improvements [43] Question: Thoughts on productivity initiatives for next year - Management expressed confidence that productivity initiatives will lead to improved adjusted EBITDA margins in a normalized environment [46][47] Question: EBITDA guidance and potential limitations - Management indicated strong sales trends in early Q3 and expects continued growth, with a solid EBITDA increase projected for the second half of the year [53][56] Question: Expectations for 2021 and incremental margins - Management believes that the incremental margin for 2021 will be significantly higher than pre-COVID levels due to improved operational efficiencies [58][60] Question: Impact of COVID on customer loyalty and engagement - Management observed that new customers are engaging more quickly with loyalty programs, leading to increased retention and spending [67][68] Question: Strategic M&A considerations - Management confirmed that they are open to strategic acquisitions that are accretive and align with their growth strategy, focusing on tuck-in opportunities [78][79]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 20, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39350 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other jur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 29, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 333-205546 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 333-205546 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 7, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 333-205546 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 15, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 333-205546 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 23, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ | --- | --- | |----------------------------------------------------------------------------|--------------------------------------------------------| | | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 1, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------|------------------------------------------| | | | | For the transition period from | _____ to _____ | | Co ...