Albertsons Companies, Inc. - ACI STOCK NEWS

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.

Albertsons Companies (NYSE: ACI) has announced new initiatives to assist customers in combating COVID-19, building on its administration of 6 million vaccinations. Key offerings include a free digital vaccine record for customers, over-the-counter rapid COVID-19 self-tests, and a partnership with Moderna to create a vaccine appointment locator. Additionally, Albertsons has partnered with Lyft to provide discounted rides for vaccinations. These initiatives aim to enhance community health resources as the pandemic evolves.

Albertsons Companies, Inc. (NYSE: ACI) will report its fiscal Q1 2021 financial results on July 29, 2021, before market open. The results will cover the period ending June 19, 2021. A conference call is scheduled for the same day at 8:30 a.m. ET, featuring a discussion of the results and a Q&A session. The call can be accessed through the company's investor relations website. Albertsons operates across 34 states and the District of Columbia, with over 20 renowned banners, positioning itself as a leading food and drug retailer in the U.S.

Albertsons Companies (NYSE: ACI) has declared a cash dividend of $0.10 per share for Q2 2021, payable on August 10, 2021, to stockholders of record by July 26, 2021. This move aligns with the Company's established dividend policy post-IPO. Albertsons emphasizes its capital allocation strategy focuses on leveraging strong free cash flow to foster growth while maintaining a robust balance sheet and enhancing stockholder value.

Albertsons Companies (NYSE: ACI) has expanded its recall of chicken products potentially contaminated with Listeria monocytogenes, following an initial recall by Tyson Foods. The affected products, produced between December 26, 2020, and April 13, 2021, were distributed nationwide, including Puerto Rico. This recall includes several chicken items sold at Safeway and Acme stores across eight states. Although Listeria can be severe, there have been no reported illnesses attributed to these products.

Albertsons Companies (NYSE: ACI) has announced a recall of certain Waterfront Bistro shrimp cocktail rings due to potential Salmonella contamination. The affected 16-ounce product, sold frozen, was available in select stores across California, New Mexico, and Texas. Customers are advised to discard the product or return it for a refund. While the FDA identified the contamination risk during prior testing, there have been no reported illnesses related to this product recall. The shrimp has a best before date of 10/30/2022 or 10/31/2022.