Albertsons Companies Inc Stock Price, News & Analysis

Albertsons African American Leadership Council (AAALC) commemorated Juneteenth by participating in various events in Dallas, TX. Key activities included a panel discussion with Dr. Marvin Dulaney from the African American Museum of Dallas, a Family Reunion BBQ at the Plano Office, a donation drive for the Boys and Girls Club in Plano, TX, and a day of service at the African American Museum of Dallas and Opal's National Walk of Freedom. These events aimed to honor the historical and cultural significance of Juneteenth, highlighting the resilience and contributions of the African American community.

Divert, an impact technology company, and Safeway, a key banner under Albertsons Companies, have reported significant results from their recent collaboration. Using Divert's optimization solutions, Safeway increased its food donations by 20% within three months. This achievement helps meet state-led organic waste recovery goals and contributes to sustainability efforts. On average, each Safeway store reduced 1,252 pounds of edible food waste per month.

The partnership highlights the effectiveness of leveraging proprietary data and waste reduction strategies in enhancing food recovery and reducing wastage.

Albertsons Media Collective has launched Collective TV, a new platform that combines retail media and TV to enhance targeting, measuring, and optimizing ad campaigns across streaming, digital video, and soon linear TV.

Collective TV partners with Google Display & Video 360, The Trade Desk, LiveRamp, FreeWheel, iSpot, and Clinch to offer flexible, scalable, and measurable advertising solutions. It offers three service channels: Premium Offering Channel, DIY CTV Channel, and Collective Syndication Channel.

The platform allows advertisers to reach 92% of CTV households in the U.S., create shoppable ads, and leverage first-party audience data. The service aims to simplify the fragmented CTV ad landscape, ensuring privacy and security for data collaboration.

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.