Albertsons Companies Inc - ACI STOCK NEWS

Albertsons Companies (NYSE: ACI) has announced a quarterly dividend payment for its shareholders. The company's Board of Directors has declared a cash dividend of $0.15 per share for the first quarter of fiscal 2025. The dividend will be paid on May 9, 2025, to stockholders who are recorded as shareholders as of the close of business on April 25, 2025.

Albertsons Companies (NYSE: ACI) has launched a -edition collection of lemon-inspired products across its Own Brands portfolio, available through May 9. The spring collection features over 20 citrus-themed items including candy, cookies, pretzels, chips, popcorn, and sparkling water under the Signature SELECT®, Overjoyed™, and Soleil® brands.

The products are being promoted through a 'Burst of Flavor' marketing campaign and are available across Albertsons Cos. stores including Albertsons, Safeway, ACME, Jewel-Osco, Shaw's, Vons, and Tom Thumb. The collection includes unique offerings such as lemon-flavored wafer rolls, mini cookies, sandwich sugar cookies, madeleines, lemon potato chips, lemon pepper cashews, and raspberry lemon crispy rice treats.

The campaign features vibrant packaging and will be promoted through email, social, digital channels, in-store signage, and weekly print ads. The company has also announced plans for upcoming seasonal programs for fall and winter.

Albertsons Companies (NYSE: ACI) has scheduled the release of its fourth quarter and fiscal 2024 financial results for Tuesday, April 15, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. The earnings call will be accessible through the 'Events & Presentations' section of the company's investor relations website. A replay of the conference call will remain available for approximately two weeks after the event.

Albertsons (NYSE: ACI) has announced two major initiatives to combat hunger during the SXSW Conference. The company has set a new goal to enable 1.5 billion meals by 2030 through surplus food donations and foundation fundraising, after achieving its previous target of one billion meals.

The Albertsons Companies Foundation's Nourishing Neighbors program will invest $10 million annually to address food insecurity through various initiatives, including the Innovation Spark Fund and E.A.T. curriculum. In 2023, Albertsons donated over 92 million pounds of food, enabling more than 76 million meals through stores, distribution centers, and manufacturing facilities.

The announcement comes as more than 44 million Americans, including 13.4 million children, face food insecurity. The Nourishing Neighbors program has raised over $297 million since 2014 for thousands of nonprofit organizations fighting hunger in America.

Albertsons Companies (NYSE: ACI) announced a CEO succession plan where Susan Morris, current EVP and COO, will succeed Vivek Sankaran as CEO effective May 1, 2025. Morris, with nearly 40 years of experience at Albertsons, will also join the company's Board of Directors.

Morris currently oversees retail operations of more than 2,200 stores across 34 states. She began her career at an Albertsons store in Denver and has held various leadership roles in merchandising and operations. The company reaffirmed its Fiscal 2024 outlook, projecting:

• Identical sales growth: 1.8% to 2.0%
• Adjusted EBITDA: $3.95 billion to $3.99 billion
• Adjusted net income per Class A share: $2.25 to $2.31
• Capital expenditures: $1.8 billion to $1.9 billion

Albertsons Companies (NYSE: ACI) announced changes to its Board of Directors effective February 21, 2025. Steve Feinberg has resigned from the Board in connection with his nomination for U.S. Deputy Secretary of Defense. The Board has appointed Frank Bruno, Co-Chief Executive Officer of Cerberus Capital Management, as his replacement.

Bruno's appointment aligns with the Stockholders Agreement dated June 25, 2020, between Albertsons and Cerberus. Cerberus, a registered investment adviser, manages approximately $65 billion in assets across various classes including private credit, private equity, and real estate.

CEO Vivek Sankaran expressed gratitude for Feinberg's contributions and welcomed Bruno, emphasizing the company's focus on accelerating their business strategy to earn Customers for Life.

Albertsons Companies (NYSE: ACI) has announced the pricing of a $600 million private offering of 6.250% senior notes due 2033. The notes will be co-issued by the Company along with its subsidiaries Safeway Inc., New Albertsons L.P., Albertson's , and Albertsons Safeway

The offering is expected to close around March 11, 2025. The company plans to use the net proceeds, combined with cash on hand, to fully redeem its existing $600 million 7.500% senior notes due 2026 and cover associated fees and expenses. The new notes are being offered to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.

Albertsons Companies (NYSE: ACI) has announced plans to offer $600 million in new senior notes due 2033. The notes will be co-issued by the Company along with its subsidiaries Safeway Inc., New Albertsons L.P., Albertson's , and Albertsons Safeway

The proceeds from this offering, combined with cash on hand, will be used to redeem the existing $600 million of 7.500% senior notes due 2026 and cover associated fees and expenses. The new notes will be offered to qualified institutional buyers in the United States under Rule 144A and to international investors under Regulation S of the Securities Act.

Albertsons Companies (NYSE: ACI) reported strong Q3 fiscal 2024 results with notable growth across key metrics. The company achieved a 2.0% increase in identical sales and a significant 23% growth in digital sales. Net income reached $401 million ($0.69 per share), while adjusted net income was $420 million ($0.71 per share).

The company's loyalty program grew 15% to 44.3 million members, and Adjusted EBITDA was $1,065 million. Net sales increased 1.2% to $18.77 billion, primarily driven by pharmacy sales growth. The Board approved a 25% increase in quarterly dividend to $0.15 per share and authorized a new $2.0 billion share repurchase program.

Following the termination of the Kroger merger agreement due to legal challenges, Albertsons has filed a lawsuit seeking damages and a $600 million termination fee. The company updated its fiscal 2024 outlook, projecting identical sales growth of 1.8-2.0% and adjusted EBITDA of $3.95-3.99 billion.