Amendment No. 3 to Form S-1 Table of Contents United Acquisition On December 29. 2013, we acquired United Supermarkets for $362.1 million in cash, expanding our presence in North and West Texas, in a transaction that offered significant synergies and added a differentiated upscale store format, -Market Street," to the Albertsons portfolio. At the time of the United acquisition, United operated 51 traditional, specialty and Hispanic retail food stores under its United Supermarkets, Market Street and Amigos banners, seven convenience stores and 26 fuel centers under its United Express banner and three distribution centers. United is located in 30 markets across North and West Texas. The following table shows stores operated, acquired, opened, divested and closed during the periods presented: First Quarter Fiscal 2015 Fiscal 2014(1) Fiscal 2013(2) Fiscal 2012 Stores, beginning of period 2,382 1,075 192 205 Acquired 1,330 926 Divested (153) (15) Opened 3 4 1 Closed (27) (12) (44) (13) Stores, end of period 2,205 2,382 1,075 192 (1) Primarily includes the 1,325 stores acquired through the Safeway acquisition on January 30, 2015. (2) Stores acquired during this period include 871 stores acquired through the NAI acquisition on March 21, 2013, four stores acquired from Vons REIT, Inc. on October 10, 2013. and 51 stores acquired through the United acquisition on December 29, 2013. Our Strategy Our operating philosophy is simple: we run great stores with a relentless focus on sales growth. We believe there are significant opportunities to grow sales and enhance profitability and free cash flow, through execution of the following strategies: Continue to Drive Identical Store Sales Growth. Consistent with our operating playbook, we plan to deliver identical store sales growth by implementing the following initiatives: Enhancing and Upgrading Our Fresh, Natural and Organic Offerings and Signature Products. We continue to enha