Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies and Uber Technologies announced a new food rescue initiative aimed at combating food insecurity and reducing food waste. This program, which began as a pilot in Washington, D.C., utilizes Uber Direct to deliver surplus food from Albertsons stores to local non-profits and food banks. The initiative has now expanded to Boston, Chicago, and Denver, involving stores like Star Market, Jewel-Osco, and Safeway. Albertsons aims to streamline the process of donating excess food, ensuring it reaches those in need. The program is part of the 2024 White House Challenge to End Hunger and Build Healthy Communities.

The Albertsons Companies Foundation has launched a new initiative to tackle childhood hunger during the summer months by raising awareness for the USDA's Summer EBT program, also known as SUN Bucks.

This program provides $120 in grocery benefits per eligible school-aged child in 37 states, all five U.S. territories, and two Tribes.

The initiative is a collaboration with leading nonprofit organizations like Feeding America, No Kid Hungry, and others, to maximize the reach and impact of the program.

A new website, SummerEBT.org, has been created to help families check their eligibility and access benefits. The initiative aims to reach millions of families and lay the groundwork for broader participation next year.

Albertsons Companies has announced a charitable campaign, 'O Organics $30K in 30 Days,' running throughout June 2024. Each day, $1,000 will be donated to nonprofit partners working to ensure access to nutritious food. The campaign aims to support the community during the summer months. The first three winners, Help Me Help You, Az Brainfood, and Edible Prairie Project, have been awarded $1,000 each. This initiative is part of Albertsons' broader commitment to community support and sustainability known as the 'Recipe for Change.' Further details are available on their website and 3blmedia.com.

Albertsons Media Collective has partnered with Rokt to integrate AI-powered non-endemic ads across 11 of its brands, including Safeway and Vons. This collaboration aims to enhance customer loyalty and diversify revenue streams by delivering targeted offers at key transaction moments. Rokt's technology will enable Albertsons to broaden its advertiser mix and serve ads across its own channels and Rokt's network, which includes Ticketmaster and Uber. This partnership seeks to leverage over 5 billion transactions to create a seamless shopping experience.

Albertsons Companies Foundation is celebrating a decade of its Nourishing Neighbors program, having raised $297 million to fight hunger. In honor of this milestone, the Foundation has announced another $7 million donation from its private label brand, O Organics. This donation will provide 28 million meals for at-risk youth during the summer and after school hours. Additionally, the Nourishing Neighbors program will award $30,000 in grants through a social media contest in June. The program, which started in 2014, has partnered with 1,400 nonprofits and donated over one billion meals to combat food insecurity in the United States.

Seven companies have been selected for The Clean Fight's accelerator program, focusing on scaling decarbonization solutions for New York State's food services industry.

Albertsons Companies is actively participating, emphasizing improved energy and refrigerant use as part of their 'Recipe for Change' initiative. This participation aligns with their goal of reducing emissions and contributing positively to the communities they serve.

The program aims to leverage innovative technologies to make significant environmental impacts, showcasing a collaborative effort between industry leaders and sustainable solutions providers.

Albertsons Companies and Uber Technologies have announced a new food rescue initiative aimed at reducing food waste and fighting food insecurity. This initiative is part of the White House Challenge to End Hunger and Build Healthy Communities for 2024. Initially piloted in Washington, D.C., the program has expanded to Boston, Chicago, and Denver.

The initiative uses Uber Direct, Uber's delivery service, to transport surplus food from Albertsons Cos. stores to local non-profits and food banks. The program has already made over 100 food donation deliveries in the D.C. area, benefiting local organizations like The Father McKenna Center, House of Mercy, and Tutoring Café.

Albertsons Cos. stores involved in the expansion include Star Market in Boston, Jewel-Osco in Chicago, and Safeway in Denver. Uber's Head of Global Social Impact, Julia Paige, emphasized the importance of providing access to nutritious foods and improving lives in local communities.

Albertsons Companies' Denver Division is committed to supporting veterans through annual fundraisers benefiting non-profits like the Vail Veterans Program (VVP). The VVP provides outdoor healing and rehabilitation activities for severely wounded veterans, their families, and hospital medical staff in Vail, Colorado. Since 2015, Albertsons has donated over $250,000 to VVP, significantly aiding in the emotional and physical recovery of wounded service members and their families. Participants engage in activities such as skiing and white water rafting, contributing to their overall well-being and family reconnection.

Albertsons Companies' Jewel-Osco division celebrated Asian American and Pacific Islander (AAPI) Heritage Month with an event called 'A Taste of AAPI'. The celebration featured partnerships with brands such as Kikkoman USA, Spam Brand, Truong Enterprises, Riceland Foods, and Fly by Jing. Local businesses and performers from Chicago's Chinatown, including the Chinatown Chamber, Chicago Chinese Culture, CAMO Chicago, Hawaiian Barefoot Dancers, Thai Dancers, and Lion Dancers, participated in the event. The festivities included music, song, dance, and food, offering an immersive cultural experience for shoppers.