Albertsons Companies, Inc (ACI) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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Some of the world’s largest food manufacturers are warning that soaring ingredient costs will force them to raise their product prices, but the head of a top Canadian supermarket chain on Wednesday said those increases won’t translate into higher grocery bills.
Consumer product multinationals, including Coca-Cola Co., Procter & Gamble Co. and J.M. Smucker Co., have started signalling that price hikes are on the way after a series of calamities from the Texas winter storm to the Suez Canal blockage overwhelmed global supply chains that were already reeling from the pandemic.
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Cameras at the Couche-Tard convenience store at McGill University in Montreal watch customers as they shop, marking where they go, what they look at, and how long it takes them to get in and get out. The store is part of a laboratory, where professors in business and computer engineering study the ways shoppers move, charting the natural flow of a convenience store the way a paddler would chart a set of rapids.
The hope, at least one of them, is to find the pinch points, the hazards and eddies in the stream, from door to cash register, and eliminate them. The assumption inherent in this experiment has been a bedrock principle of the convenience store industry for decades: customers have somewhere better to be. The store is just a stop on the way.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Q3 FY 2021 Casey s General Stores earnings conference call. [Operator instructions] I would now like to introduce to this conference call, Mr. Brian Johnson. You may begin.
Brian Johnson
Vice President of Finance and Corporate Strategy
Thank you. Good morning and thank you for joining us to discuss the results from our third quarter ended January 31, 2021. I m Brian Johnson, senior vice president, investor relations, and business development. With me today is Darren Rebelez, president, and chief executive officer; and Steve Bramlage, chief financial officer.
Before we begin, I ll remind you that certain statements made by us during this investor call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements relating to expectations for future periods, possible or assumed future results