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 is enhancing its online grocery shopping experience by accepting SNAP EBT payments at nearly 200 Drive Up & Go locations nationwide. This initiative aims to provide contactless shopping options for more customers. Users can create an account, fill their cart, and select SNAP EBT at checkout. The company plans to expand the Drive Up & Go locations to 1,400 by the end of the fiscal year, reflecting a strategic push in digital and eCommerce offerings.
Albertsons Companies announced its readiness to administer COVID-19 vaccines across its 1,700+ pharmacy locations in partnership with the U.S. government. Once authorized, these pharmacies will receive a direct allocation of the vaccine to enhance access for Americans. The vaccines will be provided at no cost. Trained pharmacists will assist in streamlining the vaccination process, including contactless consent via pharmacy apps, ensuring efficient distribution in collaboration with the CDC and state authorities. Albertsons operates under 20 familiar banners in 34 states.
Albertsons Companies (NYSE: ACI) and Trex Company (NYSE: TREX) have expanded their longstanding recycling partnership, successfully transforming over 200 million pounds of plastic film into sustainable building materials. This initiative includes the recycling of more than 54,000 pounds of bulk medication bottles collected by Albertsons pharmacies, contributing to Trex's production of environmentally friendly composite decking. The program enhances the circular economy, with Trex using about 400 million pounds of recycled plastic annually, supporting sustainability efforts across various retail locations.
On October 29, 2020, Albertsons Companies (NYSE: ACI) announced the appointment of Mary Beth West to its Board of Directors. West brings extensive experience in retail and marketing, having held significant positions at Kraft Foods and Mondelez International. She previously served as Chief Growth Officer at The Hershey Company, where she drove growth and innovation. Her expertise is expected to enhance Albertsons' customer engagement strategies, according to CEO Vivek Sankaran.
Albertsons Companies (ACI) reported strong second-quarter results for fiscal 2020, ending September 12, with a 13.8% increase in identical sales and digital sales growth of 243%. Net income stood at $284.5 million, with adjusted net income per share of $0.60. Adjusted EBITDA rose 67% to $948.4 million, while sales increased 11.2% to $15.8 billion. The company completed significant debt refinancing, saving approximately $52 million in annual interest.
Updated forecasts expect identical sales growth of at least 15.5% and adjusted EPS between $2.75 and $2.85 for fiscal 2020.
Albertsons Companies Inc. (NYSE: ACI) has launched Albertsons Pay, a zero-touch checkout feature in its updated just for U loyalty app. This allows customers to pay securely, use discounts, and earn rewards seamlessly. Available across all Albertsons Cos. stores, it offers two payment methods: Albertsons Direct for bank payments and Albertsons Cash for pre-loaded accounts. The initiative aims to enhance customer convenience while supporting local charities, having raised nearly $100 million for community hunger relief in 2020.
Albertsons Companies (ACI) has launched a pilot program for contactless PickUp lockers in select Chicago Jewel-Osco and Bay Area Safeway stores. This initiative aims to enhance e-commerce fulfillment options alongside existing Delivery and Drive Up & Go services. Albertsons reported a 276% increase in digital sales in its recent fiscal quarter, highlighting its commitment to leveraging technology for customer convenience. The lockers, provided by Bell and Howell, are modular and temperature-controlled, allowing customers to pick up various grocery items efficiently.
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