Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies (NYSE: ACI) has partnered with WinnCompanies to provide grocery, prescription, and vaccination services to over 133,000 residents across 520 properties. This initiative aims to reduce accessibility barriers and enhance the health and wellness of communities served. The collaboration includes prescription drop-offs, grocery deliveries, and on-site immunizations. Through this long-term partnership, Albertsons will also integrate EBT SNAP benefits into its digital platforms, promoting equitable access to nutritious food.

Albertsons Companies has announced new investments in technology and patient services to enhance immunization access at over 1,700 pharmacy locations. These enhancements allow for the co-administration of flu vaccines and COVID-19 boosters, including the new bivalent formulations from Pfizer-BioNTech and Moderna. Customers can schedule multiple vaccinations using online tools, and walk-in services are available. Additionally, recipients of vaccinations will receive a discount on their next grocery purchase. The initiative aims to support community health and streamline access to vaccines, particularly during flu season.

Albertsons Companies announced a voluntary recall of its ReadyMeals seafood items due to undeclared allergens not listed on ingredient labels. The recall follows an internal review and aligns with regulations set by the U.S. Food and Drug Administration. Customers at Safeway and Albertsons stores in Oregon and select locations in Washington are urged to discard affected products or return them for a full refund. No injuries have been reported, but consumers with allergies are warned of potential severe reactions.

Albertsons Companies (NYSE: ACI) is voluntarily recalling 18 store-prepared items made with King’s Hawaiian pretzel rolls due to potential microbial contamination. The recall was initiated as a precaution after concerns over Cronobacter sakazakii and Clostridium botulinum. No illnesses have been reported, and no pathogens have been found in King’s Hawaiian products. Consumers are advised to discard or return affected products for a full refund. The recalled items were sold under various banners across multiple states, with details available on the Albertsons website.

Kimco Realty (NYSE: KIM) reported solid second-quarter results for 2022, highlighting a 17.6% increase in Funds From Operations (FFO) to $0.40 per diluted share. Despite a net loss of ($125.8 million) or ($0.21) per share, occupancy rose to 95.1%, driven by a strong demand for grocery-anchored spaces. The board declared a 29% increase in dividends, now at $0.22 per share. Kimco revised its full-year guidance for net income down to $0.48 to $0.52 per share but raised FFO projections to $1.54 to $1.57.

Albertsons Companies, Inc. (ACI) reported a strong first quarter for fiscal 2022, ending June 18, with net income rising to $484 million ($0.84/share) from $444.8 million ($0.78/share) year-over-year. Digital sales surged 28%, contributing to 6.8% growth in identical sales, boosting net sales to $23.3 billion. Adjusted EBITDA reached $1.42 billion. The company increased its fiscal 2022 outlook for identical sales to 3%-4% and adjusted EBITDA to $4.25-$4.35 billion. Capital expenditures remain steady, aimed at digital and store modernization efforts.

Albertsons Companies (ACI) has introduced an online service allowing Electronic Benefits Transfer (EBT) recipients to utilize SNAP benefits for same-day grocery delivery and curbside pickup. This initiative, available at Albertsons, Safeway, Jewel-Osco, Vons, and Pavilions locations, enhances access to nutritious food for individuals facing mobility challenges. Customers can use EBT cards for online orders and combine payment methods for ineligible items, while also tracking their balances online. The rollout will continue throughout summer 2022.

Albertsons Companies (NYSE: ACI) has recalled three ReadyMeals seafood items due to undeclared allergens following an internal review. The products, which may pose serious health risks to allergic consumers, include "ReadyMeals Shrimp Cooked with Cocktail Sauce," "ReadyMeals Snow Crab Legs Imitation Surimi," and "ReadyMeals Crab & Shrimp with Cocktail Sauce." These items were sold across various store banners in multiple states. No injuries have been reported. Consumers are advised to return the products for a full refund.

Albertsons Companies, Inc. (NYSE: ACI) has declared a cash dividend of $0.12 per share for Q2 2022, payable on August 10, 2022. This dividend is for stockholders of record as of July 26, 2022. As of February 26, 2022, Albertsons operated 2,276 retail stores and 1,722 pharmacies across 34 states and the District of Columbia, showcasing its substantial presence in the U.S. retail market. In 2021, the company contributed nearly $200 million to community support initiatives, emphasizing its commitment to social responsibility.