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 (ACI) operates one of America's largest food and drug retail networks, serving communities through banners like Albertsons, Safeway, and Vons. This page aggregates official press releases and verified news about the company’s operational developments, financial performance, and strategic initiatives.
Investors and stakeholders will find timely updates on earnings reports, merger activity, leadership changes, and store expansions. Our curated collection simplifies tracking ACI’s market position in the competitive grocery sector while highlighting its private label innovations and community programs.
Key updates include quarterly financial disclosures, partnership announcements, sustainability efforts, and pharmacy network developments. All content is sourced directly from company filings and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to ACI’s latest corporate communications. Check back regularly for objective updates about this essential player in the evolving retail landscape.
Albertsons Companies (NYSE: ACI) is enhancing pet care accessibility by offering affordable pharmacy services, including prescriptions and over-the-counter medications for pets across its 1,700+ pharmacies. Due to rising pet ownership costs, the company introduces the Pet Health Savings Card, providing nearly 80% savings on medications. Furthermore, the Penny Paws initiative is being piloted in Texas and California to provide cost-effective veterinary services. Additional telehealth services with Fuzzy will offer 24/7 veterinary consultations, benefiting pet owners.
Albertsons Companies (ACI) reported a robust second quarter of fiscal 2022, with net income of $343 million ($0.59 per share) and adjusted net income at $418 million ($0.72 per share). The company achieved a 7.4% increase in identical sales and a 36% surge in digital sales.
Despite these gains, the gross margin rate decreased to 27.9% from 28.6% due to rising product costs. Albertsons announced a merger agreement with Kroger, with a total consideration of $34.10 per share, including a special cash dividend of up to $4 billion.
Albertsons Companies, Inc. (NYSE: ACI) has declared a cash dividend of $0.12 per share for the third quarter of 2022. This dividend is payable on November 14, 2022 to shareholders on record as of October 31, 2022. The company currently operates 2,272 retail stores, including 1,722 pharmacies, across 34 states and the District of Columbia, reinforcing its position in the food and drug retail sector.
Albertsons Companies, Inc. (NYSE: ACI) will release its Q2 fiscal 2022 financial results on October 18, 2022, prior to market opening. The fiscal quarter ended on September 10, 2022. Due to its merger agreement with Kroger, Albertsons will not hold a conference call or provide financial guidance alongside these results. Albertsons operates 2,273 retail stores and supports local communities through initiatives like the Nourishing Neighbors Program, contributing nearly $200 million in food and financial assistance in 2021.
Kimco Realty recently announced a strategic move by partially selling its stake in Albertsons following the Kroger-Albertsons merger announcement. The transaction implied a 37% valuation increase for Kimco's holdings in Albertsons, valued at
Albertsons Companies, Inc. (NYSE: ACI) has declared a special cash dividend of $6.85 per share for Class A common stock, scheduled for payment on November 7, 2022, to shareholders of record by October 24, 2022. This declaration follows the Company's merger agreement with The Kroger Co. and Kettle Merger Sub, Inc., dated October 13, 2022. The full details of the merger are available in a combined press release issued on October 14, 2022.
Kroger and Albertsons Companies have announced a merger agreement, valuing the deal at approximately $24.6 billion, including $4.7 billion in Albertsons' net debt. Shareholders of Albertsons are set to receive $34.10 per share, with a special cash dividend of up to $4 billion. This merger aims to create a national footprint, enhancing customer accessibility to affordable food across 85 million households. Kroger plans to invest $1 billion in associate wages and $1.3 billion to improve customer experience, while expecting $1 billion in annual synergies post-merger.
Albertsons Companies, Inc. (NYSE: ACI) will announce its Q2 fiscal 2022 financial results on October 18, 2022, prior to market opening. The conference call is scheduled for 8:30 a.m. ET on the same day and will be accessible via their investor website. As of June 18, 2022, Albertsons operated 2,273 stores across 34 states and the District of Columbia, with significant community contributions amounting to nearly $200 million in 2021, including $40 million through the Nourishing Neighbors Program.
Albertsons Companies has recalled 34 ReadyMeals and prepared items due to possible Listeria contamination from specific Brie and Camembert cheeses supplied by Old Europe Cheese. The recall affects various store banners across 34 states, including popular brands like Safeway, ACME, and Jewel-Osco. Consumers are advised not to consume these products and should return them for a refund. Although there have been no reported injuries, Listeria can pose serious health risks, especially to vulnerable populations. Cleaning surfaces and containers is also recommended to prevent cross-contamination.
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