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
Kimco Realty (NYSE: KIM), the leading publicly traded owner of open-air grocery-anchored shopping centers, announced its 2022 dividend distributions, totaling $0.840 for common shares. The dividends were allocated across four payments, with the last at $0.230 per share. Kimco also recognized a long-term capital gain of approximately $251 million from selling shares of Albertsons Companies (NYSE: ACI). This gain will be distributed to shareholders of record as part of their taxable income, with each receiving a federal tax credit corresponding to the income tax paid by Kimco. Detailed information is available on the company's investor relations website.
Albertsons Companies (NYSE: ACI) has announced the rescheduling of its $6.85 per share Special Dividend payment to January 20, 2023, for stockholders of record as of October 24, 2022. This decision follows the lifting of a temporary restraining order on January 17, 2023, imposed by the Supreme Court of Washington, which previously prevented the payment. The company retains the right to revise its outlook based on future events and risks, emphasizing the uncertainty surrounding forward-looking statements.
Albertsons Companies (NYSE: ACI) announced that the Washington Supreme Court denied the Attorney General's motion to stop the payment of a special dividend of $6.85 per common share. The Company will begin distributing the dividend to shareholders of record as of October 24, 2022, after the temporary restraining order was lifted. The dividend payment was initially scheduled for November 7, 2022. Additionally, Albertsons' proposed merger with Kroger is undergoing regulatory review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Albertsons Companies (NYSE: ACI) has initiated its inaugural Innovation Launchpad competition, targeting small and independent brands in the food, beverage, and pet sectors. This competition aims to discover innovative products that meet evolving consumer demands, including low sugar and plant-based options. During the Natural Products Expo West on March 8, 60 applicants will showcase their offerings, with the top three winners receiving prizes worth $170,000, which includes cash and industry recognition. Successful entries may see their products distributed across Albertsons' various banners.
Albertsons Companies (NYSE: ACI) has launched its annual application process for certified diverse-owned suppliers, reinforcing its commitment to diversity, equity, and inclusion. The program targets businesses that are at least 51% owned by women, minorities, LGBTQ+ individuals, veterans, or people with disabilities, encouraging them to partner with Albertsons. The initiative also includes access to early payment terms through a collaboration with C2FO, enabling these suppliers to unlock low-cost capital. Interested businesses can apply at rangeme.com/albertsonsdiversityprogram23 by January 23, 2023.
Afresh Technologies has successfully rolled out its AI-powered predictive ordering and inventory management platform across over 2,000 Albertsons stores in a record seven months. This implementation, which typically takes years, aims to enhance fresh produce management, reduce food waste by 25%, and increase sales by an average of 3%. Afresh's technology allows for better forecasting and inventory control, addressing the unique challenges of fresh food. Albertsons aims to eliminate food waste going to landfill by 2030, making this partnership crucial for sustainability efforts.
Albertsons Companies, Inc. (ACI) reported strong financial results for Q3 fiscal 2022, revealing net income of $376 million ($0.20/share) and adjusted net income of $505 million ($0.87/share), showcasing a 7.9% increase in identical sales and a remarkable 33% growth in digital sales. Despite a gross margin rate decline to 28.2%, ongoing productivity initiatives helped reduce selling and administrative expenses. However, a special cash dividend of $6.85/share was temporarily restrained by legal action from the Washington Attorney General, pending Supreme Court review.
Albertsons Companies, Inc. (NYSE: ACI) has declared a cash dividend of
Albertsons Companies (NYSE: ACI) will release its Q3 fiscal 2022 financial results on January 10, 2023, before market opening. The results cover the period ending December 3, 2022. Notably, in connection with its merger agreement with Kroger Co., Albertsons will not host a conference call or provide guidance for these results. As of September 10, 2022, Albertsons operates 2,272 stores across 34 states and the District of Columbia, including 1,722 pharmacies and 402 fuel centers.
Albertsons Companies, Inc. (NYSE: ACI) announced that the Washington State Supreme Court has expedited the review of a temporary restraining order against its $6.85 per common share Special Dividend. The review date is now January 17, 2023, moved from February 9, 2023. The company asserts that the lawsuits challenging the dividend from various state Attorneys General lack merit, supported by previous court rulings. Meanwhile, the proposed merger with Kroger remains under regulatory review.
FAQ
What is the current stock price of Albertsons Companies (ACI)?
What is the market cap of Albertsons Companies (ACI)?
What is Albertsons Companies?
What banners does Albertsons operate under?
How has Albertsons performed financially?
What community initiatives is Albertsons involved in?
What is Albertsons' digital strategy?
What sustainability efforts is Albertsons involved in?
What recent achievements has Albertsons made?
What are Albertsons' plans for fiscal 2024?
What partnerships has Albertsons recently formed?
How does Albertsons support veterans?
