Albertsons Companies Inc Stock Price, News & Analysis

Kimco Realty (NYSE: KIM) announced strong performance for Q4 and full year 2022, reporting a year-over-year occupancy increase of 130 basis points to 95.7%, with 2.5 million square feet leased in Q4 and 11.6 million for the year. Despite a net loss of $56.1 million in Q4, the company achieved FFO of $0.38 per diluted share. Key financial highlights include a $301.1 million gain from selling ACI shares and a declared quarterly dividend of $0.23, a 21% increase over last year. Looking ahead, Kimco projects 2023 net income between $0.93 and $0.97 per share, with FFO expected between $1.53 and $1.57 per share.

Albertsons Companies (NYSE: ACI) announced the pricing of a private offering of $750 million in senior notes with a 6.50% interest rate due in 2028. The issuance is set to close around February 13, 2023, subject to customary conditions. Proceeds will be used to refinance existing $750 million senior notes maturing on February 15, 2023, and cover associated fees. The notes are offered under Rule 144A and Regulation S of the Securities Act. Importantly, they will not be registered under the Securities Act and cannot be sold in the U.S. without proper registration or exemption.

Albertsons Companies, Inc. (NYSE: ACI) has launched Sincerely Health, a new digital health and wellness platform available on 16 grocery app banners, including Albertsons and Safeway. This platform aims to enhance customer health through personalized health scores based on various lifestyle factors and offers features like activity tracker integration, prescription management, and telehealth services. Customers can earn rewards, starting with up to $25 off grocery purchases, as they engage with the platform. The initiative is backed by insights from over 10,000 customers, ensuring continuous improvement based on user feedback.

Albertsons Companies, Inc. (NYSE: ACI) announced a plan to offer $750 million in senior notes due 2028. These notes will refinance an equivalent amount of 3.5% senior notes maturing on February 15, 2023. The net proceeds from this offering, along with available cash, will cover the repayment and associated fees. The notes will be offered to institutional buyers under U.S. securities regulations. As of December 3, 2022, Albertsons operates 2,270 retail stores, including 1,720 pharmacies across 34 states. The company continues to navigate numerous risks and uncertainties that may impact its future performance.

Kimco Realty (NYSE: KIM), the leading publicly traded owner of open-air grocery-anchored shopping centers, announced its 2022 dividend distributions, totaling $0.840 for common shares. The dividends were allocated across four payments, with the last at $0.230 per share. Kimco also recognized a long-term capital gain of approximately $251 million from selling shares of Albertsons Companies (NYSE: ACI). This gain will be distributed to shareholders of record as part of their taxable income, with each receiving a federal tax credit corresponding to the income tax paid by Kimco. Detailed information is available on the company's investor relations website.

Albertsons Companies (NYSE: ACI) has announced the rescheduling of its $6.85 per share Special Dividend payment to January 20, 2023, for stockholders of record as of October 24, 2022. This decision follows the lifting of a temporary restraining order on January 17, 2023, imposed by the Supreme Court of Washington, which previously prevented the payment. The company retains the right to revise its outlook based on future events and risks, emphasizing the uncertainty surrounding forward-looking statements.

Albertsons Companies (NYSE: ACI) announced that the Washington Supreme Court denied the Attorney General's motion to stop the payment of a special dividend of $6.85 per common share. The Company will begin distributing the dividend to shareholders of record as of October 24, 2022, after the temporary restraining order was lifted. The dividend payment was initially scheduled for November 7, 2022. Additionally, Albertsons' proposed merger with Kroger is undergoing regulatory review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Albertsons Companies (NYSE: ACI) has initiated its inaugural Innovation Launchpad competition, targeting small and independent brands in the food, beverage, and pet sectors. This competition aims to discover innovative products that meet evolving consumer demands, including low sugar and plant-based options. During the Natural Products Expo West on March 8, 60 applicants will showcase their offerings, with the top three winners receiving prizes worth $170,000, which includes cash and industry recognition. Successful entries may see their products distributed across Albertsons' various banners.

Albertsons Companies (NYSE: ACI) has launched its annual application process for certified diverse-owned suppliers, reinforcing its commitment to diversity, equity, and inclusion. The program targets businesses that are at least 51% owned by women, minorities, LGBTQ+ individuals, veterans, or people with disabilities, encouraging them to partner with Albertsons. The initiative also includes access to early payment terms through a collaboration with C2FO, enabling these suppliers to unlock low-cost capital. Interested businesses can apply at rangeme.com/albertsonsdiversityprogram23 by January 23, 2023.