Albertsons’ Profits Soar As Grocer Looks to Go Public This Year

Albertsons Companies Inc.’s profits almost tripled in its most recent fiscal year as the supermarket chain prepares to go public, according to a regulatory filing Tuesday.

The Boise, Idaho-based company earned $466 million in the 53 weeks ending Feb. 29 -- a 256% increase over the same period last year, it said in an amended filing with the U.S. Securities and Exchange Commission. Its revenue rose 3.2% to $62.5 billion.