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Albertsons Companies Albertsons Companies , Inc. Reports First Quarter Fiscal 2021 Results Raises Fiscal 2021 Outlook Boise , ID - July 29 , 2021 Albertsons Companies , Inc. ( NYSE : ACI ) ( the " Company " ) today reported results for the first quarter of fiscal 2021 , which ended June 19 , 2021 . First Quarter of Fiscal 2021 Highlights Sustained digital sales levels ; on a two - year stacked basis digital sales growth was 276 % • Identical sales decreased 10.0 % ; on a two - year stacked basis identical sales growth was 16.5 % • • Net income per Class A common share of $ 0.78 ; two - year CAGR of 212 % • • Adjusted net income per Class A common share of $ 0.89 ; two - year CAGR of 72 % Net income of $ 445 million ; Adjusted net income of $ 518 million • Adjusted EBITDA of $ 1,308 million ; two - year CAGR of 22 % " We had a strong start to the year as we continued to execute our strategy , " said Vivek Sankaran , President & CEO . " Our performance is clear evidence of the structural enhancements we have made to our business , as well as our ability to retain market share gains compared to pre - pandemic levels . We are closer to our customers than ever before , and are well positioned for continued success as we execute on our strategic priorities , leveraging our strengths in fresh , Own Brands and our accelerating digital transformation . " First Quarter of Fiscal 2021 Results Compared to First Quarter of Fiscal 2020 Sales and other revenue was $ 21.3 billion during the 16 weeks ended June 19 , 2021 ( " first quarter of fiscal 2021 " ) compared to $ 22.8 billion during the 16 weeks ended June 20 , 2020 ( " first quarter of fiscal 2020 " ) . The decline was primarily driven by the Company's 10.0 % decrease in identical sales , as we cycled periods of significantly elevated demand at the onset of the COVID - 19 pandemic in the first quarter of fiscal 2020 , partially offset by higher fuel sales . Gross profit margin decreased to 29.1 % during the first quarter of fiscal 2021 compared to 29.8 % during the first quarter of fiscal 2020 . Excluding the impact of fuel , gross profit margin increased 10 basis points primarily benefiting from improved pharmacy margins related to administering COVID - 19 vaccines , productivity initiatives related to optimization of promotions and growth in Own Brands penetration , partially offset by the sales deleverage . Selling and administrative expenses were 25.9 % of sales during the first quarter of fiscal 2021 compared to 25.4 % of sales for the first quarter of fiscal 2020. Excluding the impact of fuel , selling and administrative expenses as a percentage of sales increased 115 basis points . The increase in selling and administrative expenses was primarily attributable to the sales deleverage , partially offset by benefits related to the execution of our productivity initiatives and lower COVID - 19 related costs . Interest expense was $ 153.3 million during the first quarter of fiscal 2021 compared to $ 180.6 million during the first quarter of fiscal 2020 . The decrease in interest expense was primarily attributable to lower average interest rates and lower average borrowings as a result of the continued deleveraging of the balance sheet .