Albertsons Companies, Inc. - ACI STOCK NEWS

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.

DoorDash (DASH) has partnered with Albertsons Companies (ACI) to provide on-demand grocery delivery from nearly 2,000 Albertsons banner stores nationwide. Consumers can order over 40,000 grocery items for delivery within an hour, enhancing convenience and access. The partnership includes expanding Albertsons' delivery capabilities and launching a custom loyalty program, alongside a new digital gaming experience for savings. Notably, Albertsons reported a 258% growth in digital sales last fiscal year, emphasizing their commitment to digital transformation.

Albertsons Companies (NYSE: ACI) has achieved a significant milestone in seafood sustainability, announcing that all prepared sushi at their stores is now compliant with their Responsible Seafood Policy. The company initially set this goal in 2018, committing to sourcing sustainable salmon, tuna, shrimp, and imitation crab within five years. With the completion of this commitment ahead of schedule, Albertsons aims to ensure high-quality products while promoting environmental responsibility. The sustainably sourced sushi is available across its various store banners, demonstrating continued dedication to sustainable seafood practices.

Albertsons Companies (NYSE: ACI) appointed Jennifer Saenz as EVP, Chief Merchandising Officer, effective July 12, 2021. She will oversee merchandising and Own Brands and enhance relationships with brand partners. Saenz has over 15 years of experience at PepsiCo, most recently as Global Chief Marketing Officer. Her proven expertise in marketing and innovation is expected to strengthen Albertsons' transformation strategy aimed at improving customer relationships and product offerings. Saenz holds degrees from Emory University and The Wharton School, and has received multiple industry awards.

Albertsons Companies (NYSE: ACI) announced that President and CEO Vivek Sankaran will participate in the Oppenheimer 21st Annual Consumer and E-Commerce Conference at 1:15 p.m. ET on June 15, 2021. The presentation will be available via webcast here and on the Company website. A replay will be available for two weeks after the event.

Albertsons (NYSE: ACI) announced that CEO Vivek Sankaran will speak at the Evercore ISI Consumer & Retail Summit on June 15, 2021, at 11:00 a.m. ET. The event will be webcasted, and the link is available on the Company's website. A replay will be accessible for two weeks post-event. Albertsons operates over 20 banners across 34 states, emphasizing community support through initiatives like the Nourishing Neighbors Program, which provided $95 million to combat hunger in 2020. The company also pledged $5 million for social justice efforts.