Albertsons Companies, Inc. - ACI STOCK NEWS

Albertsons Companies, Inc. (NYSE: ACI) plans to release its financial results for the first quarter of fiscal 2022 on July 26, 2022, before market opening. The results will cover the period ending June 18, 2022. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day, offering a discussion of the results and a Q&A session. Investors can access the call through the Investor Relations page. The call's replay will be available for two weeks post-event.

Albertsons Companies (NYSE: ACI) has announced the relaunch of its Soleil Sparkling Water brand, introducing eight new can designs. This nationwide rollout includes a marketing campaign titled “That’s a Soleil Vibe,” leveraging TikTok influencers to engage with Gen-Z. The sparkling water is available exclusively at Albertsons' family of stores and features 15 flavors. The redesign aims to enhance the brand's vibrant identity as summer approaches, encouraging customers to embrace a cheerful lifestyle.

Albertsons Companies (ACI), in collaboration with The J. M. Smucker Co., has issued a voluntary recall of 11 store-prepared items due to potential Salmonella contamination. The recalled products were sold under various banners including Albertsons, Safeway, and Lucky, with sell-through dates up to May 26, 2022. Consumers are advised to dispose of the products or return them for a full refund. No injuries have been reported. Salmonella poses serious health risks, particularly for vulnerable populations.

Albertsons Companies (ACI) has initiated a voluntary recall of seven ReadyMeals and deli-prepared products containing a bacon topping due to potential metal contamination. The affected products were sold under the Albertsons, Safeway, and Lucky brands in multiple states including Colorado, Idaho, and Nevada, with sell-thru dates up to May 21 and May 18 for select items. Fortunately, there have been no reported injuries or adverse reactions. Consumers are advised to dispose of or return the products for a full refund.

Albertsons Companies (NYSE: ACI) announced that President and CFO, Sharon McCollam, will participate in Bernstein's 38th Annual Strategic Decisions Conference on June 2, 2022, at 9:00 a.m. ET. The presentation will be webcast, and a replay will be available for two weeks post-event. Albertsons operates 2,276 retail stores and 1,722 pharmacies across 34 states and the District of Columbia. The company is dedicated to improving community well-being, having contributed nearly $200 million in support, including $40 million through its Nourishing Neighbors Program in 2021.

Uber Technologies and Albertsons Companies announced an expansion of their partnership, now including over 2,000 grocery stores nationwide. This includes nearly 800 new locations for Uber Eats in states like Connecticut and Indiana for the first time. The partnership enhances grocery access through the Uber Eats app, allowing users to order from 'express' lanes with benefits for Uber One members. Since launching grocery delivery in July 2020, Uber's U.S. grocery offering has seen a 64% year-over-year growth, adding over 120,000 non-restaurant merchants.

Kimco Realty (NYSE: KIM) reported strong first-quarter 2022 results, with net income of $230.9 million ($0.37 per diluted share), up 23% year-over-year. Funds From Operations (FFO) increased 18.2% to $240.6 million ($0.39 per diluted share). The company leased 4.7 million square feet, raising portfolio occupancy to 94.7%. A 5.3% increase in the quarterly cash dividend to $0.20 per share was announced, reflecting confidence in financial performance. The company also raised its full-year guidance for net income and FFO, signaling optimism amid robust tenant demand.

Albertsons Companies (NYSE: ACI) reported strong fiscal 2021 results, with fourth-quarter net income of $455 million ($0.79 per share), driven by a 7.5% increase in identical sales and a 5% rise in digital sales. Fiscal 2021 net income reached $1.62 billion ($2.70 per share). However, identical sales saw a slight decrease of 0.1% for the year. Looking ahead, the company projects fiscal 2022 identical sales growth of 2% to 3% and adjusted EBITDA between $4.15 billion and $4.25 billion. A board-led review for strategic options has commenced to enhance growth and shareholder value.