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
Rhea-AI Summary
Kimco Realty announced the allocations of the company’s 2023 dividend distributions on its common stock and preferred stock. The company also recognized a long-term capital gain of approximately $241 million in 2023 from the sale of shares of Albertsons Companies. Shareholders are entitled to a federal tax credit for their share of the federal income tax paid by the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
-
Rhea-AI Summary
Albertsons Companies Foundation had an incredible 2023, helping over 750 organizations and enabling 142 million meals to those in need. Susan Morris, EVP, Chief Operations Officer, played a crucial role in leading the Foundation through the pandemic, inspiring belonging and a commitment to neighbors and associates. Under her guidance, over $300 million in funding was mobilized to support programs, and $5 million was ushered to associates in times of financial hardship or natural disaster.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
-
Rhea-AI Summary
Kroger, Albertsons, and C&S Wholesale Grocers provide an update on their proposed merger and divestiture plan, extending the anticipated closure timeline to the first half of Kroger's fiscal 2024. The merger aims to lower prices, invest in customer experience, and provide more fresh, affordable food to communities. The companies are committed to protecting union jobs, raising wages, and investing in employee benefits. The merger also promises to create more opportunities to invest in communities and donate 10 billion meals to families across the country by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
XYZ Foods Inc. (XYZ) announces record-breaking Q3 revenue growth of 25%, driven by a surge in demand for their plant-based food products. The company's stock price has also seen a 15% increase in the past month, reflecting investor confidence in their performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
-
Rhea-AI Summary
Criteo (CRTO) partners with Albertsons Media Collective (ACI) to enhance retail media network, offering CPG brand partners access to premium inventory and flexible integrations with demand and supply-side offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
Albertsons Companies, Inc. (NYSE: ACI) reported Q3 fiscal 2023 results, with a 2.9% increase in identical sales, 21% growth in digital sales, and 17% increase in loyalty members. Net income was $361 million, or $0.62 per share, and adjusted net income was $462 million, or $0.79 per share. Adjusted EBITDA was $1,107 million. The company also announced a Merger Agreement with The Kroger Company for a total consideration of $34.10 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
Rhea-AI Summary
Albertsons Companies, Inc. (NYSE: ACI) declares a cash dividend of $0.12 per share of common stock for the fourth quarter of fiscal 2023, payable on February 9, 2024, to stockholders of record as of January 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
Albertsons Companies (ACI) launches its 2nd Annual Innovation Launchpad competition, seeking emerging food, beverage, and pet product brands with $2-8 million in net retail sales. 50 applicants will present at Natural Products Expo West, with the top 3 winners receiving prizes valued at over $300,000. Last year's competition saw 900 applicants, with winners including Like Air Baked Puffcorn, Evive Smoothie Cubes, and Dream Pops Plant-Based Ice Cream.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
-
Rhea-AI Summary
Albertsons Companies (ACI) Supports Wreaths Across America with Shaw's and Star Market Veterans Associate Resource Group
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
Rhea-AI Summary
Albertsons Companies, Inc. (NYSE: ACI) will release its financial results for the third quarter of fiscal year 2023, which ended December 2, 2023, before the market opens on January 9, 2024. 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 third quarter of fiscal year 2023 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
FAQ
What is the current stock price of Albertsons Companies (ACI)?
The current stock price of Albertsons Companies (ACI) is $20.25 as of February 4, 2025.
What is the market cap of Albertsons Companies (ACI)?
The market cap of Albertsons Companies (ACI) is approximately 11.7B.
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
11.65B
569.39M
14.94%
73.63%
1.86%
Grocery Stores
Retail-grocery Stores
United States of America
BOISE