Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies (NYSE: ACI) announced a cash dividend of $0.12 per share for the second quarter of fiscal 2024.

This dividend will be paid on August 9, 2024, to shareholders who hold the stock as of the close of business on July 26, 2024. The announcement reflects the company's commitment to returning value to its shareholders.

Albertsons Companies (NYSE: ACI) will release its financial results for the first quarter of fiscal year 2024 on July 23, 2024, before the market opens. The quarter ended on June 15, 2024. In light of the company's planned merger with The Kroger Co., Albertsons will not host a conference call or provide financial guidance with these results.

Albertsons Companies recently celebrated their Third Annual Diversity Day at their Boise Corporate Office. Organized by the IDEA Council, the event highlighted the company's commitment to inclusion, diversity, equity, and awareness (IDEA).

Participants included community partners such as the American Foundation for Suicide Prevention, Faces of Hope, Idaho Black Community Alliance, Idaho Hispanic Foundation, Idaho Office for Refugees, United Way of Treasure Valley, Wassmuth Center for Human Rights, and Women's & Children's Alliance.

Christina Bruce-Bennion, Executive Director of the Wassmuth Center for Human Rights, provided valuable insights on civic engagement and human rights. The event also featured a meal catered by Horsewood Catering, with special support from Smithfield Foods.

This celebration underscored Albertsons' core values of belonging and diversity, bringing the team together to enjoy shared values, good food, and camaraderie.

Albertsons Companies announced a new initiative to combat food insecurity in the U.S. through the Supplemental Nutritional Assistance Program (SNAP) Match. With 12.8% of Americans facing food insecurity, this program aims to improve access to nutritious food.

SNAP shoppers at participating Albertsons stores who spend a qualifying amount on fresh produce will receive a coupon for future produce purchases, promoting healthier eating habits. Albertsons, one of the largest food and drug retailers in the U.S., is committed to enhancing health and wellness through various food programs at local, state, and national levels.

Grubhub (LSE: JET, AMS: TKWY) has partnered with Albertsons Companies (NYSE: ACI) to deliver groceries from nearly 1,800 stores, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, and Tom Thumb. This partnership makes Albertsons the first national grocery retailer on Grubhub's Marketplace, enhancing customer convenience and variety through the Grubhub app and website.

Grubhub+ members will benefit from unlimited $0 delivery on eligible orders from Albertsons. This collaboration builds on Grubhub’s previous partnership with Mercato and continues its expansion into grocery and convenience delivery.

Albertsons Companies' Southern division celebrated Juneteenth with a community event at Tom Thumb in DeSoto, Texas on June 24, 2024. The celebration featured local Black-owned businesses, musicians, and performers. Attendees enjoyed food, live jazz, and Double Dutch performances. Notable attendees included Dione Sims, granddaughter of Juneteenth advocate Opal Lee. The event highlighted the company's commitment to diversity and support for Black-owned vendors.

Albertsons African American Leadership Council (AAALC) commemorated Juneteenth by participating in various events in Dallas, TX. Key activities included a panel discussion with Dr. Marvin Dulaney from the African American Museum of Dallas, a Family Reunion BBQ at the Plano Office, a donation drive for the Boys and Girls Club in Plano, TX, and a day of service at the African American Museum of Dallas and Opal's National Walk of Freedom. These events aimed to honor the historical and cultural significance of Juneteenth, highlighting the resilience and contributions of the African American community.

Divert, an impact technology company, and Safeway, a key banner under Albertsons Companies, have reported significant results from their recent collaboration. Using Divert's optimization solutions, Safeway increased its food donations by 20% within three months. This achievement helps meet state-led organic waste recovery goals and contributes to sustainability efforts. On average, each Safeway store reduced 1,252 pounds of edible food waste per month.

The partnership highlights the effectiveness of leveraging proprietary data and waste reduction strategies in enhancing food recovery and reducing wastage.

Albertsons Media Collective has launched Collective TV, a new platform that combines retail media and TV to enhance targeting, measuring, and optimizing ad campaigns across streaming, digital video, and soon linear TV.

Collective TV partners with Google Display & Video 360, The Trade Desk, LiveRamp, FreeWheel, iSpot, and Clinch to offer flexible, scalable, and measurable advertising solutions. It offers three service channels: Premium Offering Channel, DIY CTV Channel, and Collective Syndication Channel.

The platform allows advertisers to reach 92% of CTV households in the U.S., create shoppable ads, and leverage first-party audience data. The service aims to simplify the fragmented CTV ad landscape, ensuring privacy and security for data collaboration.