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.
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.
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.
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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.