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. reports developments for a U.S. food and drug retailer operating grocery, pharmacy, fuel, distribution and manufacturing assets under banners including Albertsons, Safeway, Vons, Jewel-Osco, ACME, Shaw's, Tom Thumb and Randalls. Recurring updates cover quarterly and annual results, identical sales, pharmacy sales, digital sales, loyalty and e-commerce initiatives, and customer-facing services such as DriveUp & Go prescription pickup and online occasion-planning tools.
Company news also includes capital-allocation actions such as common stock dividends and share repurchase authorization, board composition changes, pharmacy-operating matters, opioid-related litigation updates, community-support programs through the Albertsons Companies Foundation, and technology or advertising pilots connected to customer engagement.
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.
Albertsons Companies (NYSE: ACI) is enhancing its commitment to diversity by expanding its Supplier Diversity Program. The company is hosting its second virtual summit this week, aiming to partner with diverse-owned businesses. With nearly 1,000 suppliers participating in the first event, Albertsons is focused on alleviating capital challenges faced by these businesses through its early payment program in collaboration with C2FO. Suppliers must be over 50% minority-owned to qualify, with submissions due by February 7 for acceptance announcements in April.
Albertsons Companies (NYSE: ACI) announced that Curtis Mann, group vice president of alcohol, has received the Taransaud Tonnellerie Award from the Institute of Masters of Wine, making him the first US retail executive to win this award. Mann, with over 20 years in the wine industry, is recognized for his expertise in wine production and handling. Since joining Albertsons in 2020, he has significantly enhanced the company's wine selection and customer education programs.
Albertsons Companies (NYSE: ACI) has partnered with Afresh Technologies to enhance its fresh food offerings through AI-powered predictive ordering and inventory solutions. This collaboration aims to reduce food waste, optimize forecasting, and improve overall fresh product management. Afresh's technology will help Albertsons meet its goal of reducing food waste by 50% by 2030 and support its commitment to lowering greenhouse gas emissions. The partnership is expected to better predict demand and monitor inventory, ultimately providing customers with higher quality fresh products.
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.