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Albertsons Companies, Inc. will release its financial results for Q1 FY2023 on July 25, 2023. No conference call or financial guidance will be provided due to the merger agreement with The Kroger Co.
Positive
Albertsons Companies will release its Q1 FY2023 financial results, which could positively impact the stock price if they exceed expectations.
The merger agreement with The Kroger Co. could potentially have a positive effect on the stock price.
Negative
No financial guidance will be provided, which may negatively affect investor sentiment and the stock price.
BOISE, Idaho--(BUSINESS WIRE)--
Albertsons Companies, Inc. (NYSE: ACI) will release its financial results for the first quarter of fiscal year 2023, which ended June 17, 2023, before the market opens on July 25, 2023.
In light of the Company’s entry into an Agreement and Plan of Merger with The Kroger Co., Albertsons Companies will not be hosting a conference call or providing financial guidance in conjunction with its first quarter of fiscal year 2023 results.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of February 25, 2023, the Company operated 2,271 retail stores with 1,722 pharmacies, 401 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2022, along with the Albertsons Companies Foundation, the Company contributed more than $200 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.
When will Albertsons Companies release its Q1 FY2023 financial results?
Albertsons Companies will release its Q1 FY2023 financial results on July 25, 2023.
Why is Albertsons Companies not hosting a conference call or providing financial guidance for Q1 FY2023?
Albertsons Companies will not be hosting a conference call or providing financial guidance for Q1 FY2023 due to the merger agreement with The Kroger Co.
What is the potential impact of the merger agreement with The Kroger Co. on the stock price?
The merger agreement with The Kroger Co. could potentially have a positive effect on the stock price.
