Albertsons Companies, Inc. - ACI STOCK NEWS

Albertsons Companies, Inc. (NYSE: ACI) is set to release its financial results for Q2 FY2021, concluding on September 11, 2021. The announcement will occur before the market opens on October 18, 2021, followed by a conference call at 8:30 a.m. ET. Interested parties can access the call via the 'Events & Presentations' section on Albertsons' investor webpage. Albertsons is a major food and drug retailer in the U.S., operating across 34 states and D.C., with a diverse portfolio of over 20 well-known store banners.

Albertsons Companies (NYSE: ACI) has been awarded the Safer Choice Partner of the Year Award by the U.S. Environmental Protection Agency (EPA) for its commitment to safer chemical products. Recognized in the 'Retailer' category, Albertsons has launched Safer Choice-certified Own Brands products and heightened consumer awareness. This is the fourth time since 2015 that the company has received this accolade. Their Open Nature® line, launched in 2011, includes 600 products free from harmful additives, supporting sustainability through recycling and reducing carbon emissions.

Albertsons Companies (NYSE: ACI) has announced a donation of $500,000 to support hunger relief organizations in the aftermath of Hurricane Ida and the California wildfires. This funding will help provide approximately 2 million meals to affected communities, with $250,000 allocated for each disaster. CEO Vivek Sankaran emphasized the company's commitment to assist both local communities and associates impacted by these events, alongside a history of substantial support in hunger relief efforts, including $260 million in assistance during 2020.

Albertsons Companies (NYSE: ACI) will have its CEO Vivek Sankaran and President/CFO Sharon McCollam participate in a fireside chat at Goldman Sachs' 28th Annual Global Retailing Conference on September 10, 2021, at 3:20 p.m. ET. The discussion will be available via webcast, with a replay accessible for two weeks post-event. Albertsons operates over 20 banners across 34 states and the District of Columbia., contributing $260 million in food and financial support in 2020 to address hunger and social justice issues.

Albertsons Companies (NYSE: ACI) is preparing for the upcoming flu season by offering flu and COVID-19 vaccinations at its pharmacies. The company has administered over 6.5 million COVID-19 vaccines and now provides flu shots to individuals as young as 6 months. Vaccinations can be done via walk-ins or scheduled appointments. Customers receiving the vaccine will also get a coupon for 10% off their next grocery purchase, up to $200 where permissible. Albertsons is emphasizing accessibility and community health as part of its commitment to public well-being.

Dynamic Energy Solutions has achieved financial close and begun construction on a 6.6 MW solar array in Norridgewock, Maine, under a significant offtake agreement with Albertsons Companies (ACI). This project is poised to generate over 8.5 million kilowatt hours of renewable energy annually for Albertsons' Shaw's stores. The initiative aligns with Albertsons’ commitment to reduce carbon emissions and fulfill Maine's Renewable Portfolio Standard goal of 100% renewable electricity by 2050. Construction is expected to be completed by the fourth quarter of 2021.

Albertsons Companies (NYSE: ACI) has launched new innovations aimed at enhancing the grocery shopping experience. Key offerings include the free Deals & Delivery app, the personalized loyalty program "Albertsons for U," and the FreshPass™ subscription service. The Deals & Delivery app integrates loyalty rewards and shopping features for convenience. The loyalty program offers personalized deals and immediate discounts for new members. FreshPass™ provides unlimited grocery delivery and exclusive perks for a subscription fee. These initiatives reflect the company's commitment to innovation and customer satisfaction.

Albertsons Companies (NYSE: ACI) has appointed Sharon McCollam as its new President and Chief Financial Officer, effective September 7, 2021. McCollam replaces Bob Dimond, who will support the transition until February 2022. She brings extensive experience from her tenure at Best Buy and Williams-Sonoma, focusing on omni-channel retail transformation. McCollam will oversee finance, strategy, IT, supply chain, and property development, aiming to enhance Albertsons’ growth and digital transformation efforts, particularly in building customer relationships.

Albertsons Companies reported a 10.0% decrease in identical sales for Q1 FY2021, totaling $21.3 billion in revenue. Digital sales, however, surged with a 276% growth over two years. Net income stood at $445 million, or $0.78 per Class A share, down from $586.2 million year-over-year. The company anticipates adjusted net income of $2.20 to $2.30 per share for FY2021. Their strategic focus on digital transformation and Own Brands is expected to support continued success.