Albertsons Companies Inc Stock Price, News & Analysis

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.

Albertsons Companies, Inc. (NYSE: ACI) plans to release its financial results for the first quarter of fiscal 2022 on July 26, 2022, before market opening. The results will cover the period ending June 18, 2022. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day, offering a discussion of the results and a Q&A session. Investors can access the call through the Investor Relations page. The call's replay will be available for two weeks post-event.

Albertsons Companies (NYSE: ACI) has announced the relaunch of its Soleil Sparkling Water brand, introducing eight new can designs. This nationwide rollout includes a marketing campaign titled “That’s a Soleil Vibe,” leveraging TikTok influencers to engage with Gen-Z. The sparkling water is available exclusively at Albertsons' family of stores and features 15 flavors. The redesign aims to enhance the brand's vibrant identity as summer approaches, encouraging customers to embrace a cheerful lifestyle.

Albertsons Companies (ACI), in collaboration with The J. M. Smucker Co., has issued a voluntary recall of 11 store-prepared items due to potential Salmonella contamination. The recalled products were sold under various banners including Albertsons, Safeway, and Lucky, with sell-through dates up to May 26, 2022. Consumers are advised to dispose of the products or return them for a full refund. No injuries have been reported. Salmonella poses serious health risks, particularly for vulnerable populations.

Albertsons Companies (ACI) has initiated a voluntary recall of seven ReadyMeals and deli-prepared products containing a bacon topping due to potential metal contamination. The affected products were sold under the Albertsons, Safeway, and Lucky brands in multiple states including Colorado, Idaho, and Nevada, with sell-thru dates up to May 21 and May 18 for select items. Fortunately, there have been no reported injuries or adverse reactions. Consumers are advised to dispose of or return the products for a full refund.