Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies is streamlining Mother's Day shopping through its enhanced digital platform and delivery services. The retailer has launched a new gifting feature in its banner app, allowing customers to send flowers, chocolates, self-care items, and greeting cards directly to recipients' doorsteps across its store network including Albertsons, Safeway, ACME, Jewel-Osco, Shaw's, Vons and Tom Thumb.

Key offerings include:

• Fresh-cut flower arrangements
• Custom cakes and chocolate-covered strawberries
• Overjoyed Boutique™ products (candles and bath bombs)
• Flash delivery and pickup within 30 minutes

The company's for U™ loyalty program offers $5 off purchases of $25+ and up to 20% weekly savings. Premium FreshPass® members receive unlimited free delivery on orders over $30, monthly credits, and additional private label discounts. The campaign is being promoted across multiple channels under the theme "Make Mom's Day."

Albertsons Companies (NYSE: ACI) reported its Q4 and full-year fiscal 2024 results, ending February 22, 2025. Fourth quarter highlights include identical sales growth of 2.3%, digital sales increase of 24%, and net income of $172 million ($0.29 per share). The company achieved Adjusted EBITDA of $855 million.

Full fiscal 2024 performance showed identical sales growth of 2.0%, net income of $959 million ($1.64 per share), and Adjusted EBITDA of $4,005 million. The company's loyalty program grew 15% to 45.6 million members.

The company announced a leadership transition, with COO Susan Morris succeeding retiring CEO Vivek Sankaran effective May 1, 2025. Additionally, the Board increased quarterly dividend by 25% to $0.15 per share and authorized a $2.0 billion share repurchase program.

Fiscal 2025 outlook projects identical sales growth of 1.5-2.5%, Adjusted EBITDA of $3.8-3.9 billion, and capital expenditures of $1.7-1.9 billion.

Albertsons Companies (NYSE: ACI) has announced a quarterly dividend payment for its shareholders. The company's Board of Directors has declared a cash dividend of $0.15 per share for the first quarter of fiscal 2025. The dividend will be paid on May 9, 2025, to stockholders who are recorded as shareholders as of the close of business on April 25, 2025.

Albertsons Companies (NYSE: ACI) has launched a -edition collection of lemon-inspired products across its Own Brands portfolio, available through May 9. The spring collection features over 20 citrus-themed items including candy, cookies, pretzels, chips, popcorn, and sparkling water under the Signature SELECT®, Overjoyed™, and Soleil® brands.

The products are being promoted through a 'Burst of Flavor' marketing campaign and are available across Albertsons Cos. stores including Albertsons, Safeway, ACME, Jewel-Osco, Shaw's, Vons, and Tom Thumb. The collection includes unique offerings such as lemon-flavored wafer rolls, mini cookies, sandwich sugar cookies, madeleines, lemon potato chips, lemon pepper cashews, and raspberry lemon crispy rice treats.

The campaign features vibrant packaging and will be promoted through email, social, digital channels, in-store signage, and weekly print ads. The company has also announced plans for upcoming seasonal programs for fall and winter.

Albertsons Companies (NYSE: ACI) has scheduled the release of its fourth quarter and fiscal 2024 financial results for Tuesday, April 15, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. The earnings call will be accessible through the 'Events & Presentations' section of the company's investor relations website. A replay of the conference call will remain available for approximately two weeks after the event.

Albertsons (NYSE: ACI) has announced two major initiatives to combat hunger during the SXSW Conference. The company has set a new goal to enable 1.5 billion meals by 2030 through surplus food donations and foundation fundraising, after achieving its previous target of one billion meals.

The Albertsons Companies Foundation's Nourishing Neighbors program will invest $10 million annually to address food insecurity through various initiatives, including the Innovation Spark Fund and E.A.T. curriculum. In 2023, Albertsons donated over 92 million pounds of food, enabling more than 76 million meals through stores, distribution centers, and manufacturing facilities.

The announcement comes as more than 44 million Americans, including 13.4 million children, face food insecurity. The Nourishing Neighbors program has raised over $297 million since 2014 for thousands of nonprofit organizations fighting hunger in America.

Albertsons Companies (NYSE: ACI) announced a CEO succession plan where Susan Morris, current EVP and COO, will succeed Vivek Sankaran as CEO effective May 1, 2025. Morris, with nearly 40 years of experience at Albertsons, will also join the company's Board of Directors.

Morris currently oversees retail operations of more than 2,200 stores across 34 states. She began her career at an Albertsons store in Denver and has held various leadership roles in merchandising and operations. The company reaffirmed its Fiscal 2024 outlook, projecting:

• Identical sales growth: 1.8% to 2.0%
• Adjusted EBITDA: $3.95 billion to $3.99 billion
• Adjusted net income per Class A share: $2.25 to $2.31
• Capital expenditures: $1.8 billion to $1.9 billion

Albertsons Companies (NYSE: ACI) announced changes to its Board of Directors effective February 21, 2025. Steve Feinberg has resigned from the Board in connection with his nomination for U.S. Deputy Secretary of Defense. The Board has appointed Frank Bruno, Co-Chief Executive Officer of Cerberus Capital Management, as his replacement.

Bruno's appointment aligns with the Stockholders Agreement dated June 25, 2020, between Albertsons and Cerberus. Cerberus, a registered investment adviser, manages approximately $65 billion in assets across various classes including private credit, private equity, and real estate.

CEO Vivek Sankaran expressed gratitude for Feinberg's contributions and welcomed Bruno, emphasizing the company's focus on accelerating their business strategy to earn Customers for Life.

Albertsons Companies (NYSE: ACI) has announced the pricing of a $600 million private offering of 6.250% senior notes due 2033. The notes will be co-issued by the Company along with its subsidiaries Safeway Inc., New Albertsons L.P., Albertson's , and Albertsons Safeway

The offering is expected to close around March 11, 2025. The company plans to use the net proceeds, combined with cash on hand, to fully redeem its existing $600 million 7.500% senior notes due 2026 and cover associated fees and expenses. The new notes are being offered to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.