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.
Albertsons Companies, Inc. (NYSE: ACI) announced a $6.85 Special Dividend, pending a review by the Washington State Supreme Court on February 9, 2023. A temporary restraining order currently halts payment until further notice. Additionally, the U.S. Circuit Court denied a motion from various Attorneys General seeking to block the dividend. The Company believes these legal claims are baseless. Furthermore, the merger with The Kroger Co. is moving forward through regulatory review.
Albertsons Companies, Inc. (NYSE: ACI) announced that the State of Washington Supreme Court has extended a temporary restraining order against its $6.85 per share Special Dividend as the court reviews an appeal. The order will stay in effect until further notice. Albertsons has filed a motion to expedite this review and maintains that the claims by the Washington Attorney General and similar lawsuits from California, Illinois, and Washington, D.C. lack legal standing. The company’s merger with The Kroger Co. continues through regulatory scrutiny.
Albertsons Companies (NYSE: ACI) announced that the Washington State Court denied the Attorney General's request for a preliminary injunction against a $6.85 per share Special Dividend, originally set for November 7, 2022. Shareholders of record by October 24, 2022 are eligible. The court also extended a temporary restraining order until December 19, 2022 for potential appeals. Albertsons believes the lawsuits from multiple states against the dividend are meritless. The company’s merger with Kroger is under regulatory review.
The Kroger Co. (NYSE: KR) announced it received a "second request" from the Federal Trade Commission (FTC) concerning its merger with Albertsons Companies, Inc. (NYSE: ACI). This request will extend the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Kroger remains optimistic about the merger's benefits, including improved competition, lower prices, and better access to fresh food. The company continues to expect the merger to complete in early 2024, while complying with FTC requests and planning potential divestitures.
Albertsons Companies (NYSE: ACI) announced that the Washington State Court has postponed the hearing regarding the temporary restraining order (TRO) until December 9, 2022. This TRO, originally granted on November 3, 2022, prevents the company from paying a special dividend of $6.85 per share to stockholders as of October 24. Albertsons maintains that the state’s claim lacks merit and expects to uphold the dividend approved by its Board of Directors.
Albertsons Companies (NYSE: ACI) announced the postponement of a hearing regarding a temporary restraining order (TRO) by the State of Washington preventing the distribution of a $6.85 per share Special Dividend to shareholders of record from October 24, 2022. The hearing is set for November 16 and 17, with the TRO still in effect. Albertsons asserts the claim is meritless and stands by its Board's decision to approve the dividend.
Albertsons Companies has launched its premium Vinaforé Collection of wines, which includes five highly acclaimed varietals. The 2021 Vinaforé Napa Valley Chardonnay and 2020 Côtes du Rhône Villages both received 90 points, marking them as outstanding. Retail prices range from $14.99 to $21.99. The collection, curated by Curtis Mann, aims to enhance customer wine experiences with pairing suggestions on labels. Customers can now purchase Vinaforé wines online through delivery services like DoorDash or Instacart.
Kimco Realty (NYSE: KIM) has acquired a portfolio of eight Long Island shopping centers for $375.8 million. The deal, funded by cash and mortgage debt, enhances Kimco's presence in a high-demand market. This property, with a 94.4% lease rate and an average household income of $187,000, is strategically located near the company's headquarters. The acquisition aligns with Kimco's goal of increasing grocery-anchored rental income and adds 540,000 square feet to their portfolio, now totaling over 3.5 million square feet in Long Island.
Albertsons Companies (NYSE: ACI) has received a favorable ruling from the U.S. District Court, denying a temporary restraining order against its $6.85 per share Special Dividend scheduled for November 7, 2022. The company aims to contest a previous order from Washington State that claims the Special Dividend would hinder its competitive stance amid an antitrust review of its merger with Kroger. Post-dividend, Albertsons expects to maintain $3.0 billion in liquidity and strong revenue generation. The company remains committed to strategic growth and investments.
Albertsons Companies (NYSE: ACI) has been issued a temporary restraining order (TRO) by the Washington State Attorney General, preventing the payment of a $6.85 per share Special Dividend scheduled for November 7, 2022. The TRO is effective until a hearing on November 10, 2022, where the merits will be considered.
Albertsons argues the lawsuit lacks merit and maintains strong financials, reporting over $75 billion in revenue for the past four quarters. The company is committed to its capital-return strategy and intends to contest the TRO vigorously.
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