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Albertsons Companies Albertsons Companies , Inc. Reports Third Quarter Fiscal 2020 Results Raises Fiscal 2020 Outlook Boise , ID - January 12 , 2021 Albertsons Companies , Inc. ( NYSE : ACI ) ( the " Company " ) today reported results for the third quarter of fiscal 2020 , which ended December 5 , 2020 . Third Quarter of Fiscal 2020 Highlights • Identical sales growth of 12.3 % • Digital sales growth of 225 % • Net income per share of $ 0.20 ; Adjusted net income per share of $ 0.66 • Net income of $ 124 million ; Adjusted net income of $ 387 million • Adjusted EBITDA of $ 968 million , an increase of 53 % compared to the third quarter last year • Executed debt refinancing and announced paydown to drive an additional $ 25 million in annualized interest savings " Our constant focus on our customers continued to drive strong growth and market share gains in the third quarter , " said Vivek Sankaran , President & CEO . " It is clear that our strategy is working , and as we continue to execute on our strategic priorities , we believe we are well positioned to deliver sustainable growth over the long term . At the same time , we remain focused on delivering value to all stakeholders , including taking care of our customers , associates and the communities we serve as we continue to navigate through the pandemic . " Third Quarter of Fiscal 2020 Results Sales and other revenue was $ 15.4 billion during the 12 weeks ended December 5 , 2020 ( " third quarter of fiscal 2020 " ) compared to $ 14.1 billion during the 12 weeks ended November 30 , 2019 ( " third quarter of fiscal 2019 " ) . The increase was driven by the Company's 12.3 % growth in identical sales , partially offset by lower fuel sales . Identical sales benefited from the Company's 225 % growth in digital sales . Gross profit margin increased to 29.3 % during the third quarter of fiscal 2020 compared to 28.3 % during the third quarter of fiscal 2019 . Excluding the impact of fuel , gross profit margin increased 25 basis points . The increase was primarily driven by continued improvements in shrink expense and sales leverage on advertising and supply chain costs , partially offset by expenses related to our growth in digital sales and select investments in price . Selling and administrative expenses were 28.0 % of sales during the third quarter of fiscal 2020 compared to 27.0 % of sales for the third quarter of fiscal 2019. Excluding the impact of fuel , selling and administrative expenses as a percentage of sales increased 40 basis points . The increase in selling and administrative expenses was primarily attributable to the $ 285.7 million charge ( pre - tax ) related to the previously announced withdrawal from the United Food and Commercial Workers International Union ( " UFCW " ) Union - Industry Pension Fund ( " National Fund " ) and incremental COVID - 19 expenses to safeguard associates and customers , partially offset by sales leverage driven by higher identical sales and continued focus on cost control . Gain on property dispositions and impairment losses , net was $ 59.0 million during the third quarter of fiscal 2020 compared to $ 18.7 million during the third quarter of fiscal 2019 .