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
Albertsons Companies has administered over 1 million COVID-19 vaccine doses across the U.S. through its pharmacy teams. The company is prioritizing vaccination for educators, including teachers and childcare providers, as part of a nationwide effort. Their pharmacies are involved in the Federal Retail Pharmacy Program, enabling them to reach underserved communities. Significant vaccination clinics have been held, with more than 25,000 doses given in Washington and over 10,000 in Arizona for teachers. Currently, Albertsons can administer 150,000 doses daily, with 15% of that capacity utilized.
Albertsons Companies has partnered with Tortoise to pilot a remote-controlled, zero-emission delivery cart in Northern California. This innovative cart can transport up to 120 pounds of groceries securely and contactlessly. As part of the pilot, Safeway associates will test the service in select neighborhoods, with the cart being remotely operated at an average speed of 3 mph. Albertsons aims to enhance its e-commerce offerings, having recently introduced pickup lockers and automated kiosks in Chicago, reflecting its commitment to customer convenience and technological disruption.
Albertsons Companies (NYSE: ACI) announced that President and CEO Vivek Sankaran will speak at the BofA Securities 2021 Consumer and Retail Technology Conference on March 10, 2021, at 12:30 p.m. ET. The presentation will be available via webcast here or on the Company’s website. A replay will be available for two weeks.
Albertsons Companies has joined the Beyond the Bag Initiative, a multi-year collaboration aimed at reducing plastic waste. This initiative seeks to develop sustainable alternatives to single-use plastic bags. Suzanne Long, VP of Strategic Sourcing & ESG, emphasized the company's commitment to innovation and sustainability. The initiative's goals include reducing reliance on virgin materials, increasing recycling rates, and inspiring new retail bag designs. Albertsons continues its own sustainability efforts, targeting 100% recyclable packaging by 2025 and offering reusable bags made from recycled materials.
Albertsons Companies (ACI) reported strong Q3 2020 results, showcasing a 12.3% increase in identical sales and a remarkable 225% growth in digital sales, achieving $15.4 billion in total sales. Net income rose to $124 million with adjusted net income of $387 million ($0.66 per share). Adjusted EBITDA surged 53% to $968 million. The company expects 16.5% identical sales growth for fiscal 2020, raising adjusted EPS guidance to $3.05-$3.15. Significant debt refinancing is anticipated to save $25 million annually in interest.
Albertsons Companies (NYSE: ACI) has declared a cash dividend of $0.10 per share for Q4 2020, consistent with its established dividend policy. The dividend is payable on February 10, 2021 to shareholders on record as of January 26, 2021. The company emphasizes its strong free cash flow and capital allocation strategy aimed at driving growth and shareholder value through such dividends.
GENYOUth has launched ticket sales for the Taste of the NFL @Home event, aimed at combating childhood hunger amid the COVID-19 crisis. Scheduled for February 7, 2021, this first-ever livestream will feature renowned chefs like Carla Hall, Andrew Zimmern, and Tim Love, along with special game-day recipes. The initiative addresses the alarming rise in food insecurity, with 1 in 4 children in the U.S. affected. Tickets are priced at $100, including a live cooking experience and a limited-edition snack box. The event aims to raise funds and awareness for food scarcity.
Albertsons Companies (NYSE: ACI) has launched an automated, contactless grocery PickUp kiosk at a Jewel-Osco store in Chicago, marking it as the first American grocer to do so. Developed by Cleveron, the temperature-controlled kiosk enhances eCommerce by allowing customers to pick up groceries with a quick scan of their phone. It features two temperature zones for diverse grocery needs. The kiosk is operational and a second unit is planned for a Bay Area Safeway. This initiative showcases Albertsons' commitment to improving customer convenience and expanding its digital services.
FAQ
What is the current stock price of Albertsons Companies (ACI)?
What is the market cap of Albertsons Companies (ACI)?
What is Albertsons Companies?
What banners does Albertsons operate under?
How has Albertsons performed financially?
What community initiatives is Albertsons involved in?
What is Albertsons' digital strategy?
What sustainability efforts is Albertsons involved in?
What recent achievements has Albertsons made?
What are Albertsons' plans for fiscal 2024?
What partnerships has Albertsons recently formed?
How does Albertsons support veterans?
