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 a U.S. food and drug retailer operating supermarket and grocery-format stores, in-store pharmacies and associated fuel centers under multiple regional banners. The ACI news feed on Stock Titan brings together company-issued updates, earnings announcements, financing news and strategic initiatives that shape the outlook for this supermarket and grocery operator.
Investors following ACI news can review quarterly and annual earnings releases, where Albertsons Companies reports metrics such as identical sales, digital sales performance and information on its loyalty membership base. These releases often discuss the company’s progress on strategic priorities, including investments in technology, artificial intelligence and productivity initiatives that affect its operations and customer experience.
Albertsons Companies also issues news about capital allocation decisions, such as cash dividend declarations, share repurchase activity and senior notes offerings. Press releases describe how the company uses debt financing and its asset-based revolving credit facility, as well as how it redeems or refinances existing notes. Updates on accelerated share repurchase agreements and changes to the size of its repurchase program provide additional context for shareholders monitoring capital returns.
Beyond financial results, the ACI news stream includes announcements from Albertsons Media Collective, the company’s retail media arm, covering topics like in-store digital display networks, incrementality measurement and recognition programs such as the Alby Awards. Other releases highlight digital and AI initiatives, including the launch of an AI-powered shopping assistant across banner websites, and programs like the Innovation Launchpad Competition for emerging brands. Together, these updates help readers understand how Albertsons Companies is managing its grocery, pharmacy, digital and media activities. Bookmark this page for a consolidated view of ACI-related news directly sourced from company communications and regulatory disclosures.
Kimco Realty, North America's largest publicly traded owner of open-air, grocery-anchored shopping centers, reported Q1 2023 results, showing a significant increase in net income and strong leasing performance. For the first quarter, net income available to common shareholders was $283.5 million, or $0.46 per diluted share, up from $230.9 million or $0.37 per diluted share a year earlier. Funds From Operations (FFO) were $238.1 million, yielding $0.39 per diluted share. The company leased 4.5 million square feet, an increase in occupancy to 95.8%, and achieved a remarkable 44.0% increase in cash rent spreads for new leases. Kimco received a $194.1 million special dividend from Albertsons and sold shares for $282.3 million total proceeds. The board declared a cash dividend of $0.23 per share, marking a 15% increase over the previous year. The full-year outlook for net income is revised to $0.92-$0.96 per diluted share.
Albertsons Companies (NYSE: ACI) has launched a first-of-its-kind program that allows customers to share activity data from their Apple Watch and iPhone through the
In addition to activity tracking, the
Albertsons Companies (NYSE: ACI) reported strong financial results for the fourth quarter and full year of fiscal 2022. For the fourth quarter, identical sales rose by 5.6%, with net income reaching $311 million or $0.54 per share. The full year saw identical sales increase by 6.9% and net income of $1,514 million or $2.27 per share. Digital sales surged 16% in Q4 and 28% for the year. Despite these highlights, the company faces challenges, including inflation and decreased COVID-19 related revenue. Capital expenditures totaled $2.153 billion in fiscal 2022, focusing on digital enhancements and store remodels. Additionally, a merger agreement with Kroger is underway, indicating significant strategic changes ahead.
FAQ
What is the current stock price of Albertsons Companies (ACI)?
What is the market cap of Albertsons Companies (ACI)?
