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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
Albertsons Companies has recalled 34 ReadyMeals and prepared items due to possible Listeria contamination from specific Brie and Camembert cheeses supplied by Old Europe Cheese. The recall affects various store banners across 34 states, including popular brands like Safeway, ACME, and Jewel-Osco. Consumers are advised not to consume these products and should return them for a refund. Although there have been no reported injuries, Listeria can pose serious health risks, especially to vulnerable populations. Cleaning surfaces and containers is also recommended to prevent cross-contamination.
Albertsons Companies (NYSE: ACI) announced new goals to combat hunger and promote health at the White House Conference on Hunger, Nutrition, and Health. The company aims to donate over 100 million meals in 2023 and 1 billion by 2030. They also plan to help 50,000 neighbors enroll in SNAP and WIC benefits this year. Albertsons will provide 50 million nutrition recommendations and expand meal planning tools for customers by 2025, further enhancing access to nutritious meals through its stores and digital platforms.
Albertsons Companies (NYSE: ACI) has partnered with WinnCompanies to provide grocery, prescription, and vaccination services to over 133,000 residents across 520 properties. This initiative aims to reduce accessibility barriers and enhance the health and wellness of communities served. The collaboration includes prescription drop-offs, grocery deliveries, and on-site immunizations. Through this long-term partnership, Albertsons will also integrate EBT SNAP benefits into its digital platforms, promoting equitable access to nutritious food.
Albertsons Companies has announced new investments in technology and patient services to enhance immunization access at over 1,700 pharmacy locations. These enhancements allow for the co-administration of flu vaccines and COVID-19 boosters, including the new bivalent formulations from Pfizer-BioNTech and Moderna. Customers can schedule multiple vaccinations using online tools, and walk-in services are available. Additionally, recipients of vaccinations will receive a discount on their next grocery purchase. The initiative aims to support community health and streamline access to vaccines, particularly during flu season.
Albertsons Companies announced a voluntary recall of its ReadyMeals seafood items due to undeclared allergens not listed on ingredient labels. The recall follows an internal review and aligns with regulations set by the U.S. Food and Drug Administration. Customers at Safeway and Albertsons stores in Oregon and select locations in Washington are urged to discard affected products or return them for a full refund. No injuries have been reported, but consumers with allergies are warned of potential severe reactions.
Albertsons Companies (NYSE: ACI) is voluntarily recalling 18 store-prepared items made with King’s Hawaiian pretzel rolls due to potential microbial contamination. The recall was initiated as a precaution after concerns over Cronobacter sakazakii and Clostridium botulinum. No illnesses have been reported, and no pathogens have been found in King’s Hawaiian products. Consumers are advised to discard or return affected products for a full refund. The recalled items were sold under various banners across multiple states, with details available on the Albertsons website.
Kimco Realty (NYSE: KIM) reported solid second-quarter results for 2022, highlighting a 17.6% increase in Funds From Operations (FFO) to $0.40 per diluted share. Despite a net loss of ($125.8 million) or ($0.21) per share, occupancy rose to 95.1%, driven by a strong demand for grocery-anchored spaces. The board declared a 29% increase in dividends, now at $0.22 per share. Kimco revised its full-year guidance for net income down to $0.48 to $0.52 per share but raised FFO projections to $1.54 to $1.57.
Albertsons Companies, Inc. (ACI) reported a strong first quarter for fiscal 2022, ending June 18, with net income rising to $484 million ($0.84/share) from $444.8 million ($0.78/share) year-over-year. Digital sales surged 28%, contributing to 6.8% growth in identical sales, boosting net sales to $23.3 billion. Adjusted EBITDA reached $1.42 billion. The company increased its fiscal 2022 outlook for identical sales to 3%-4% and adjusted EBITDA to $4.25-$4.35 billion. Capital expenditures remain steady, aimed at digital and store modernization efforts.
Albertsons Companies (ACI) has introduced an online service allowing Electronic Benefits Transfer (EBT) recipients to utilize SNAP benefits for same-day grocery delivery and curbside pickup. This initiative, available at Albertsons, Safeway, Jewel-Osco, Vons, and Pavilions locations, enhances access to nutritious food for individuals facing mobility challenges. Customers can use EBT cards for online orders and combine payment methods for ineligible items, while also tracking their balances online. The rollout will continue throughout summer 2022.
Albertsons Companies (NYSE: ACI) has recalled three ReadyMeals seafood items due to undeclared allergens following an internal review. The products, which may pose serious health risks to allergic consumers, include "ReadyMeals Shrimp Cooked with Cocktail Sauce," "ReadyMeals Snow Crab Legs Imitation Surimi," and "ReadyMeals Crab & Shrimp with Cocktail Sauce." These items were sold across various store banners in multiple states. No injuries have been reported. Consumers are advised to return the products for a full refund.
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