Welcome to our dedicated page for Albertsons Companies news (Ticker: ACI), a resource for investors and traders seeking the latest updates and insights on Albertsons Companies stock.
Albertsons Companies, Inc. (NYSE: ACI) is one of the leading food and drug retailers in the United States. Established in 1939 by Joe Albertson in Boise, Idaho, the company has grown to operate over 2,300 stores across 34 states and the District of Columbia under various well-known banners, including Albertsons, Safeway, Vons, and Jewel-Osco, among others.
Albertsons Companies is dedicated to making a meaningful difference in the communities it serves. In 2023, the company, along with the Albertsons Companies Foundation, contributed more than $350 million in food and financial support. A significant portion of this goes to their Nourishing Neighbors Program, which helps ensure that those impacted by disasters have enough to eat.
Financially, Albertsons has shown steady growth. In fiscal 2023, the company reported net sales and other revenue of $79.2 billion, a 2.0% increase from the previous year. Notably, their digital sales grew by 22%, reflecting the company's successful omnichannel strategy. The company’s commitment to enhancing its digital and in-store customer experience, as well as its supply chain operations, is evident in its
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Kroger, Albertsons Companies, and C&S Wholesale Grocers, have announced an updated divestiture plan to address regulatory concerns and enhance competition in overlap geographies. The amended package includes an expanded store set and additional assets to ensure competitive operations post-merger. With a focus on maintaining commitments to customers, associates, and communities, the plan aims to bolster the companies' position in regulatory challenges. The proposed merger will bring lower prices, more choices, and secure the future of unionized grocery jobs, creating meaningful benefits for consumers and communities.
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Albertsons Companies' Jewel-Osco Division recently hosted its 10th Annual Mind, Body, Planet event series, focusing on promoting personal wellness and environmental sustainability through food choices. The event featured informative sessions, samples from various brands, live performances, and a charitable donation to a local non-profit. This collaboration highlights a commitment to healthy futures and environmental stewardship.
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Albertsons Companies collaborates with local Boise artist for an Earth Month mural, showcasing their commitment to sustainability and community impact.
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Albertsons Companies partners with The Nature Conservancy to achieve 100% monitoring of vessels in tuna supply chains by 2027, aiming for transparency and sustainability.
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Albertsons Companies, Inc. (ACI) declares a cash dividend of $0.12 per share for the first quarter of fiscal 2024, payable on May 10, 2024. Stockholders of record as of April 26, 2024, will receive the dividend.
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Albertsons Companies celebrates Earth Month with their Recipe for Change initiative, showcasing a 21% reduction in carbon emissions since 2019, recycling information on 7,000 Own Brands products, QR codes on 40,000 store-made items, and 950 million meals donated to communities since 2019.
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Albertsons Companies (NYSE: ACI) enhances its for U loyalty program, offering a simpler points-based system, double points earning time, and automatic cash off option for more savings. The program aims to deepen customer relationships and provide added value to its 38 million loyalty members across various store brands.
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Albertsons Companies, Inc. (ACI) to release Q4 and fiscal year 2023 financial results on April 22, 2024, following a merger agreement with The Kroger Co.
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Albertsons Companies has issued a voluntary recall of five ReadyMeals and store-made taco kits due to potential Listeria monocytogenes contamination from a cheese ingredient supplied by Rizo-López Foods, Inc. The FDA and CDC are investigating a multi-year, multistate outbreak of Listeria infections linked to queso fresco and cotija cheeses manufactured by Rizo-López Foods. Listeria monocytogenes can cause serious and sometimes fatal infections, particularly in vulnerable individuals such as young children, the elderly, and those with weakened immune systems.
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Kimco Realty (NYSE: KIM) reports strong fourth-quarter and full-year results, with significant gains in net income, funds from operations, and portfolio occupancy. The company achieved a record high in small shop occupancy, and signed 1.0 million square feet of new leases, the highest level in over 10 years. Despite a positive outlook for 2024, the company experienced a decrease in net income available to common shareholders per diluted share from the previous year.
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FAQ
What is the current stock price of Albertsons Companies (ACI)?
The current stock price of Albertsons Companies (ACI) is $19.88 as of January 9, 2025.
What is the market cap of Albertsons Companies (ACI)?
The market cap of Albertsons Companies (ACI) is approximately 11.5B.
What is Albertsons Companies?
Albertsons Companies, Inc. (NYSE: ACI) is one of the leading food and drug retailers in the United States, operating over 2,300 stores under various banners across 34 states and the District of Columbia.
What banners does Albertsons operate under?
Albertsons operates under multiple well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, and Carrs.
How has Albertsons performed financially?
In fiscal 2023, Albertsons reported net sales and other revenue of $79.2 billion, a 2.0% increase from the previous year. The company's digital sales grew by 22%, demonstrating strong performance in its omnichannel strategy.
What community initiatives is Albertsons involved in?
Albertsons, along with the Albertsons Companies Foundation, contributed more than $350 million in food and financial support in 2023. Their Nourishing Neighbors Program is a significant initiative that ensures those impacted by disasters have enough to eat.
What is Albertsons' digital strategy?
Albertsons has focused heavily on enhancing its digital capabilities. In fiscal 2023, their digital sales grew by 22%. The company has invested in technology, digital and in-store customer experience, and supply chain operations.
What sustainability efforts is Albertsons involved in?
Albertsons is committed to sustainability through initiatives like the Recipe for Change™, which involves reducing emissions and improving energy and refrigerant use. They have also partnered with local artists and community projects to promote environmental sustainability.
What recent achievements has Albertsons made?
Albertsons' mobile app won the 'People’s Voice' award for best shopping and retail app at the 28th annual Webby Awards. This reflects the company's successful efforts in transforming its digital shopping experience.
What are Albertsons' plans for fiscal 2024?
Albertsons plans to continue investing in its Customers for Life strategy, focusing on developing digital and omnichannel capabilities. They aim to enhance customer relationships through technology and personalized services.
What partnerships has Albertsons recently formed?
Albertsons has partnered with Rokt to extend its retail media network and add non-endemic ads. This partnership aims to drive customer loyalty and enhance the shopping experience through relevant offers and messages.
How does Albertsons support veterans?
Albertsons' Denver Division has donated over $250,000 to the Vail Veterans Program since 2015. This organization helps severely wounded veterans and their families through impactful outdoor healing and rehabilitation.
Albertsons Companies, Inc.
NYSE:ACI
ACI Rankings
ACI Stock Data
11.52B
569.36M
14.94%
73.63%
1.86%
Grocery Stores
Retail-grocery Stores
United States of America
BOISE