Welcome to our dedicated page for Albertsons Companies news (Ticker: ACI), a resource for investors and traders seeking the latest updates and insights on Albertsons Companies stock.
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
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.
Albertsons Companies (NYSE: ACI) has announced a record $260 million in food and monetary donations for hunger relief in 2020. This includes over $67 million raised through customer donations. The company’s Nourishing Neighbors program reported enabling 350 million meals, $10.4 million in school support, and $9 million towards empowering BIPOC communities. Albertsons emphasized its commitment to fighting hunger and supporting local communities through its initiatives. The foundation also pledged an additional $5 million towards social justice efforts.
Albertsons Companies (NYSE: ACI) announced that President and CEO Vivek Sankaran will speak at Bernstein’s annual strategic decisions conference on June 3, 2021, at 2:30 p.m. ET. The event will be available via webcast and on their website. A replay will be accessible for two weeks post-event.
As a key player in the food and drug retail sector, Albertsons operates over 20 well-known brands across 34 states, emphasizing community impact through substantial charitable contributions.
Albertsons Companies (NYSE: ACI) announced that President and CEO Vivek Sankaran will speak at the RBC Capital Markets Global Consumer and Retail Conference on June 3, 2021, at 10:00 a.m. ET. The presentation will be available via webcast here or on the Company's website. A replay will be accessible for at least two weeks post-event.
Albertsons Companies (NYSE: ACI) has unveiled a new online service for purchasing fresh wedding flowers, catering to upcoming wedding season needs. The pre-designed debi lilly design floral collections offer a variety of customizable options, including bouquets and centerpieces, aimed at making planning easier and more affordable. Sustainability is a priority, with flowers certified by Bloomcheck and the Rainforest Alliance. Customers can order online, receiving their flowers via FedEx three days prior to the event. This initiative highlights Albertsons' commitment to meeting customer preferences while promoting eco-friendly practices.
Albertsons Companies (NYSE: ACI) announced that President and CEO Vivek Sankaran will present at the BMO Capital Markets Farm to Market Conference on May 19, 2021, at 12:40 p.m. ET. The presentation will be available via webcast on the Company’s website and can be accessed here. A replay will be available for two weeks following the event. Albertsons operates over 20 well-known grocery banners across 34 states and is committed to community support, contributing $260 million in 2020.
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