This digital transformation is designed to fuel our growth as we aim to drive increasing customer engagement, customer satisfaction, and customer retention through an area of convenient shopping experiences. We're also providing mobile tablets to store management to review daily sales, thematics, orders and provide associate trading. Theres a precedent for nerves. Karen, we are not going to give an outlook for 2022 today. Vivek most recently served as CEO of PepsiCo Foods North America. Good morning, everyone, and thanks for joining us today. In the 2021 second . Join here! As the CEO & Director of Albertsons Companies, the total compensation of Mr Sankaran at Albertsons Companies is 8,483,335. And we'll continue to look at it, Scott. ", "I don't know where it's going to go over the next few months. [Operator Instructions] Our first question comes from the line of John Heinbockel with Guggenheim. Most recently, Sankaran co-edited both the first national book for family defense lawyers and the third edition ofChild Welfare Law and Practice, a widely recognized resource used by child welfare lawyers across the country. Mike's focus at Catapult is creating and executing a world-class operating platform to best serve our clients and patients. Will the new CEO move here? We are also continuing to install energy efficiency and refrigeration upgrades and have installed these in over 700 stores through Q3 '21. And the potential will only be constrained by supply, not consumer uptake, not the innovation, not the merchandising, not what we do on online, because all of those are completely in our control. Scott, thank you. Dhanda brings extensive background in merger integration, digital marketing and commerce, systems modernization, and data security.Dhanda joined Albertsons Companies in December 2015. And quarter-to-date, we're running better than that outlook. Year-to-date, we have launched 540 new products, including 143 in the third quarter and are on track to launch over 800 this year. And I think that's one area where we see tailwind coming into 2022. And heading into the fourth quarter, over 80% of our households are now able to receive their Drive Up & Go orders in two hours. Maybe just following up on that a little bit. "But we're far away from that, in my opinion.". When we think about what we are passing through, the net-net, we have passed through -- the inflation we have passed through is less than the inflation we've incurred, right? Grocery chain Albertsons is seeing higher levels of inflation than in the past, CEO Vivek Sankaran told CNBC. Albertsons CEO Vivek Sankaran told CNBC on Wednesday that the U.S. consumer has, so far, been able to handle rising . My follow-up is a separate -- sorry. Excluding the impact of fuel, our gross margin rate increased 10 basis points compared to Q3 2020, primarily due to productivity initiatives, improved pharmacy margins related to COVID-19 vaccine and favorable product mix, including in fresh, where sales outpaced center store by 500 basis points. What is the salary of Mr Sankaran? Plus, members get great benefits. Vivek Sankaran, Albertsons CEO joins 'Squawk on the Street' to discuss Albertson's Q2 earnings report and raising the company guidance. ". And we were expecting that supply issues to get more resolved as we go into this period right now. Boise Airport outlines wish list of new nonstop flights, Idaho leads cider sales, with options ripe for the picking, Boise Planning & Zoning Commission unanimously backs zoning code rewrite, CWI, Auditorium District to study downtown performing arts venue along Boise River, Garden City looking to scale down, clarify parking requirements in new code. And so we are hoping that part of 2022, as supply comes back, we'll also see growth in some of the categories, especially ones that are more expandable consumption. Our pharmacy team also continues to serve our communities within area of services, including the COVID and flu vaccines. And that's the -- so the -- if you look at -- if you -- you should have expected some changes in December, we have not seen that. Please proceed with your question. And I know management sometimes hesitate on this. We can talk about the technology, the supply chain. He has led organizations of 150,000 employees across operations, technology and human resources. You had talked about some uncertainty or at least you don't really know what the reaction will be from the consumer. We have 28 million members in our loyalty program. Any time one of Boises big companies gets a new CEO, the first thing employees and community leaders think about is geography. As omnichannel's households spend 3x more than in-store-only shoppers, we continued to increase our investments in digital omnichannel and loyalty, which drove increased identified households and higher customer engagement and retention. Prior to that, he served as the company's president and chief operating officer, a position he was named to in 2016. In addition, we delivered adjusted EBITDA dollars of $1.05 billion and adjusted EPS of $0.79 per share, well ahead of our expectations. But where do you think your wallet share is even with your best customers? So it's going slightly faster to catch up with it over this year. Presented "The Need For High-Quality Legal Representation in Child Welfare Cases" and "Litigating Termination of Parental Rights Cases" at the Oklahoma Children's Conference, Oklahoma City. We also have our other productivity initiatives that will be flowing in there. And then I know it's early days on the retail media initiatives. And then if we were to look out from here, we are hearing more vendors talk about additional price increases from here. Substantial, Bryan, it's a substantial portion of it is completed within our loyalty program. This decrease was primarily driven by lower COVID-19-related expenses and the benefit of productivity initiatives. He had mentioned SNAP. In Q3 '21, ID sales increased 5.2% and 17.5% on a two-year stack. Biography of Vivek Sankaran. In addition, the retention rate of actively engaged members continues to be over 93%. And so that definitely contributes to ID sales and gross profit. I wanted to just talk -- if you -- see if you could talk contextually about puts and takes a little bit to gross margin and SG&A in 2022, and I think maybe more focusing on gross margin. We have started a full court press on the next generation of productivity initiatives that we'll be working on in 2020, starting in 2022 and moving those into 2023 and 2024, and that's shaping up very nicely. The way we manage it to incur more overtime because of shortages in labor, and then in markets where we don't have necessarily -- in certain markets, we just have to raise the price to get people in, because different markets are different from a competitiveness standpoint. Susan began her career in Albertsons Denver Division while still in high school and worked her way up in the ranks proving her ability to lead, to execute and to bring teams together in one assignment after another in her 30+ years in the retail grocery business. Supply will be always a little bit tricky, but we are feeling very good about where we're growing in Own Brands. The dollars received by the consumer have pulled back from the peak. What does Albertsons Companies do? Omicron has put a bit of a dent on that. On the one hand, you could argue that the customer has probably settled in with a certain pattern of consumption, but it's not zero, right? So my first question has to do with the trends. In addition, he conducts state and national trainings and works on child welfare initiatives with various national groups, including the American Bar Association, Casey Family Programs, and the National Center for State Courts. Vivek Sankaran CEO / President The average Albertsons Companies executive compensation is $237,249 a year.The median estimated compensation for executives at Albertsons Companies including base salary and bonus is $238,166, or $114 per hour. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. As the CEO & Director of Albertsons Companies, the total compensation of Mr Sankaran at Albertsons Companies is 8,483,335. Our productivity initiatives are delivering and there is more to come to help offset inflation and fund our growth. Since the launch, we are seeing increasing downloads, higher traffic, and deeper customer engagement. So when we think about our Own Brands program, we see a lot of potential. Albertsons Companies is the nations third-largest private company, with more than $60 billion in annual revenue. And are you concerned at all from a margin standpoint incrementally? I wanted to follow up on Michael's question around the COVID vaccines. We're expecting the quarters to look very similar. And we'll come back to you guys with more on how we think about '22 later in the year. Demonstrated ability to drive accelerated revenue growth and profitability expansion for industry leading brands and retail businesses.Specialties: Product Management / New Product Development, E-commerce, P&L Management, Hiring and Leading High Performance Teams, International Business Management, Brand Management, Vendor Negotiations, Retail Merchandising, Cost Reductions, Inventory Planning and Replenishment, Import Management. . Please keep in mind that included in the financial statements and management's prepared remarks are certain non-GAAP measures, and the historical financial information includes a reconciliation of net income to adjusted net income and adjusted EBITDA. So, when we think about pass-through, we also have to be very focused on the competitive environment. And then I wanted to ask, we're starting to see -- this is very anecdotal, but some out of stocks across a lot of different categories in supermarkets. It was just a tad higher than that. Absolutely. Melissa Plaisance - Group Vice President, Treasury and IR. We want to hear from you. We're not giving guidance on 2022. So the things that we are doing is doing what we can to control things we control, which is internal, right? Certainly, the boosters are proving to be very good for the population and for the people. We'll continue to also retire debt where it makes sense or refinance debt where it makes sense. His overall compensation reportedly ranges from 8-12 million USD. Good morning and thank you for joining us for the Albertsons Companies' Third Quarter 2021 Earnings Conference Call. That's helpful. Congrats on the quarter. Yes. We also, Simeon, are competing with a very broad set of competitors every day in the market where we compete. I think Sharon mentioned a little more inflationary cost pressure.

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