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
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new deadline is 5:00 p.m. New York City time on October 9, 2024. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash.
The exchange offers and consent solicitations are conditional upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. Kroger may further extend the deadline if necessary.
The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate. The Kroger Notes offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the US without registration or an applicable exemption.
Albertsons Companies celebrated Hispanic Heritage Month with community events including the 19th annual Festival Salvadoreñisimo in Gaithersburg, MD, and an in-store fiesta at Safeway in Dale City, VA. Guests enjoyed fresh samples, raffles, spin wheel prizes, exclusive savings, and coupons. The events featured lively salsa music, mariachi bands, DJs, and radio station visits, creating a festive atmosphere. These celebrations reflect Albertsons' commitment to fostering belonging and honoring Hispanic culture. Associates and community members came together to enjoy and celebrate.
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is October 3, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are conditioned upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers allow for valid withdrawals until the expiration date, while the consent solicitations do not. Kroger notes offered in the exchange have not been registered under the Securities Act of 1933.
Albertsons Companies (ACI) is part of a new initiative called R-TRADE (Refrigeration Technician Recruitment, Advancement, Development, and Education), launched in September 2024. This nationwide workforce development program aims to address the critical shortage of refrigeration technicians. The program is funded by founding partners including Walmart, Amazon, Costco, Kroger, and Albertsons.
R-TRADE's goal is to recruit, advance, develop, and educate refrigeration technicians across the country. This initiative is part of Albertsons Companies' broader commitment to sustainability and workforce development, as outlined in their 'Recipe for Change' program.
Albertsons Companies (NYSE: ACI) has launched Bee Lightly, a new addition to its Own Brands wine portfolio. This innovative product features flat bottles made from 100% recycled PET, marking a first in the U.S. market. The wines, including a 2022 Chardonnay and 2023 Rosé, have received 91-point ratings from The Tasting Panel.
Bee Lightly wines are sourced from the Hérault and Limoux regions of France and are available at select Albertsons Cos. stores. The packaging, developed in partnership with Packamama, is 87% lighter than traditional glass bottles and allows for more efficient transportation, using 44% fewer pallets for shipping compared to standard glass bottles.
This launch demonstrates Albertsons' commitment to product quality, environmental stewardship, and affordable pricing in its private label offerings.
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is September 27, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash.
The exchange offers and consent solicitations are conditional upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. Kroger may further extend the expiration date if necessary.
The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate.
Albertsons Companies has named Mondelēz International as the recipient of its 2024 Recipe for Change Supplier of the Year Award. This recognition highlights Mondelēz's efforts in driving meaningful change across Planet, Product, and Community pillars. Key achievements include:
- Setting a net zero carbon goal for their end-to-end supply chain by 2050
- Designing 96% of packaging to be recyclable by the end of 2023
- Partnering with Triscuit Crackers to donate $160K to local food banks in 2023
- Reducing food waste by approximately 28% at manufacturing sites, surpassing their 2025 goal of 15%
This award underscores the shared commitment to driving positive change for communities and the planet.
Albertsons Companies Foundation has announced the recipients of $9 million in Nourishing Neighbors Innovation Spark Grants. Three nonprofit organizations will receive $3 million each to support innovative programs aimed at creating long-term solutions to food insecurity:
1. Alpenglow Impact: Launching a pilot program to assist low-income student mothers through community college graduation.
2. Hunger Free America: Funding a project to boost economic advancement for 200 individuals through 16-week apprenticeships in the social service sector.
3. North Texas Food Bank: Enhancing initiatives to create more connected, self-sufficient, and food-secure communities using data mapping and capacity-building grants.
These grants aim to empower individuals and families to achieve lasting food security, addressing the issue that impacts over 18 million American households.
Kroger (NYSE: KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE: ACI) notes. The new expiration date is September 23, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are contingent on the closing of Kroger's merger with ACI, expected in Q4 2024. As of August 29, 2024, the requisite consents were received for the Consented Series, with supplemental indentures executed. The Proposed Amendments will become operative upon settlement of the Exchange Offers. Kroger may further extend the Expiration Date and anticipates providing advance notice of any such extension.
Kroger (NYSE:KR) has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies, Inc. (NYSE:ACI) notes from September 13, 2024, to September 17, 2024. The exchange offers involve up to $7,441,608,000 aggregate principal amount of new Kroger notes and cash. As of September 11, 2024, significant portions of various ACI note series have been tendered, with many exceeding 90% participation. The exchange offers and consent solicitations are conditional upon the closing of Kroger's merger with ACI, expected in Q4 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers remain subject to certain conditions and are only available to qualified institutional buyers or non-U.S. persons outside the United States.
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