Albertsons Companies Inc Stock Price, News & Analysis

Albertsons Companies (ACI) reported a strong third quarter for fiscal 2021, with net income of $425 million ($0.74/share) and adjusted EBITDA of $1.051 billion. Identical sales increased 5.2% year-over-year, and digital sales surged 9%, demonstrating a significant two-year growth of 234% in digital sales. The company raised its fiscal 2021 outlook, projecting identical sales between (0.8%) to (1.2%) and adjusted EBITDA ranging from $4.25 to $4.30 billion. The effective tax rate is expected to range from 22.5% to 23.5%. Capital expenditures are forecasted between $1.8 billion and $1.9 billion.

Albertsons Companies, Inc. (NYSE: ACI) has declared a cash dividend of $0.12 per share for Q4 2021, payable on February 10, 2022, to shareholders on record as of January 26, 2022. This decision underscores the Company's commitment to delivering value through a robust capital allocation strategy, focusing on sustainable free cash flow and a strong balance sheet. Albertsons operates over 20 store banners across 34 states and the District of Columbia, emphasizing its significant retail presence.

Albertsons Companies (NYSE: ACI) announced the winners of its inaugural FRESH PICKS Exclusive Product Awards, highlighting popular Own Brands products based on customer votes. The winning product is the Signature SELECT Ice Cream paired with Fresh Baked Signature SELECT Cookies. Additional winners include the Signature RESERVE Cabernet Sauvignon and Signature SELECT Mac & Cheese. To celebrate, Albertsons stores will offer exclusive deals and recipe content throughout January, aiming to inspire customers as more meals are enjoyed at home.

Albertsons Companies, Inc. (NYSE: ACI) plans to release its third-quarter financial results for fiscal 2021, ending December 4, 2021, on January 11, 2022, before market opening. Following the results, ACI will conduct a conference call at 8:30 a.m. Eastern Time, featuring a discussion and a Q&A session. Interested parties can access the call via the company's investor relations page. A replay will be available for two weeks post-call.

Albertsons Companies (NYSE: ACI) has launched two new digital offerings: Meal Planning and Schedule & Save. These features aim to enhance customer convenience by allowing loyalty members to quickly plan meals and auto-replenish essential items. The Meal Plans feature integrates with the Mealime app, offering personalized meal suggestions and shoppable recipes. The Schedule & Save feature automates replenishment of frequently purchased items, available at discounted prices. Initially available in northern California, further expansion is planned for 2022.

Albertsons Companies (NYSE: ACI) has launched the Albertsons Media Collective, a retail media network aimed at enhancing brand engagement with its shoppers. This initiative, led by Kristi Argyilan, SVP of Retail Media, focuses on providing a digital marketing platform for brands and utilizes Albertsons’ consumer data to create tailored advertising experiences. Starting February 27, 2022, partners can leverage valuable ad placements across Albertsons’ online properties, reaching over 100 million shoppers nationwide.

Kimco Realty Corp. (NYSE: KIM) reported strong Q3 2021 results, achieving a net income of $501.4 million ($0.91 per diluted share), a significant turnaround from a net loss of $44.7 million in Q3 2020. The company completed its merger with Weingarten Realty on August 3, 2021, which bolstered its grocery-anchored portfolio. FFO was $173.7 million ($0.32 per diluted share), including merger-related charges of $47 million. Kimco raised its 2021 guidance for net income to $1.70-$1.72 and NAREIT FFO to $1.36-$1.37.

Albertsons Cos (NYSE: ACI) is partnering with the CDC to provide COVID-19 vaccinations for children aged 5 to 11 through school clinics. Following the FDA's Emergency Use Authorization for the Pfizer-BioNTech vaccine, Albertsons will mobilize its 1,730 pharmacies to support vaccination efforts in school districts nationwide. With over 8.2 million vaccines already administered, the company emphasizes the importance of pediatric vaccinations in trusted environments. Vaccine appointments will be available soon at select locations.