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.
Kimco Realty (NYSE: KIM) reported strong first-quarter 2022 results, with net income of $230.9 million ($0.37 per diluted share), up 23% year-over-year. Funds From Operations (FFO) increased 18.2% to $240.6 million ($0.39 per diluted share). The company leased 4.7 million square feet, raising portfolio occupancy to 94.7%. A 5.3% increase in the quarterly cash dividend to $0.20 per share was announced, reflecting confidence in financial performance. The company also raised its full-year guidance for net income and FFO, signaling optimism amid robust tenant demand.
Albertsons Companies (NYSE: ACI) reported strong fiscal 2021 results, with fourth-quarter net income of $455 million ($0.79 per share), driven by a 7.5% increase in identical sales and a 5% rise in digital sales. Fiscal 2021 net income reached $1.62 billion ($2.70 per share). However, identical sales saw a slight decrease of 0.1% for the year. Looking ahead, the company projects fiscal 2022 identical sales growth of 2% to 3% and adjusted EBITDA between $4.15 billion and $4.25 billion. A board-led review for strategic options has commenced to enhance growth and shareholder value.
Albertsons Companies, Inc. (NYSE: ACI) has announced a cash dividend of
Albertsons Companies (NYSE: ACI) has announced the acceptance of supplemental health benefits to enhance customer access to fresh produce and over-the-counter medications. This initiative allows shoppers using pre-paid cards funded by Medicare Advantage plans and other sources to conveniently purchase eligible items. The company has partnered with Solutran to facilitate these transactions, aiming to combat food insecurity and promote wellness. The Solutran S3 platform is expected to issue approximately $5 billion in benefits this year, bolstering Albertsons' commitment to health and community support.
Albertsons Companies, Inc. (NYSE: ACI) will announce its financial results for Q4 and fiscal year 2021, concluding on February 26, 2022, on April 12, 2022, before market opening. A conference call is set for 8:30 a.m. ET the same day, featuring a discussion of the results and a Q&A session. Investors can access the call through the company's website. Albertsons operates in 34 states and Washington D.C., with over 20 recognized banners, solidifying its position as one of the largest food and drug retailers in the U.S.
On March 22, 2022, Cue Health (Nasdaq: HLTH) and Albertsons Companies (NYSE: ACI) launched a partnership to provide in-pharmacy COVID-19 testing across approximately 900 pharmacies nationwide. Customers will receive lab-quality test results via email within 20 minutes. Initially piloted in Washington, the program aims to enhance access to diagnostics. Cue's tests, known for their accuracy and convenience, cater to various needs, including travel and workplace testing. The collaboration symbolizes a step towards evolving healthcare diagnostics, emphasizing convenience and rapid results.
The Board of Directors of Albertsons Companies (NYSE: ACI) has initiated a Board-led review of potential strategic alternatives to enhance growth and maximize shareholder value. The review will explore balance sheet optimization, capital return strategies, and possible transactions. Financial advisors Goldman Sachs and Credit Suisse have been retained for assistance. Although the Board believes in the company's strong asset portfolio, no timeline for the review's conclusion has been set, and there are no assurances of any resulting transactions.
DoorDash (NYSE: DASH) has launched express grocery delivery in partnership with Albertsons Companies (NYSE: ACI), enabling deliveries in under 30 minutes across over 20 major U.S. cities. Consumers can access more than 6,000 grocery items including fresh produce and dairy through the DoorDash app. This service features loyalty pricing and promotions for Albertsons customers and aims to meet rising consumer demands for speed and convenience. DoorDash plans to expand its express grocery service with additional merchants, enhancing its logistics capabilities further.
Kimco Realty reported Q4 2021 results with net income of $75.3 million, or $0.13 per diluted share, down from $194.9 million or $0.45 in Q4 2020. Funds From Operations (FFO) increased to $240.1 million, $0.39 per diluted share. Portfolio occupancy rose to 94.4%, with new leasing spreads at 14.1%. The board raised the quarterly dividend by 11.8% to $0.19 per share. Full-year net income was $818.6 million, or $1.60 per diluted share. Kimco significantly invested in Albertsons Companies (ACI), valued at over $1.2 billion. The company forecasts 2022 net income of $0.51 to $0.55 per share.
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