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.
Albertsons Companies announced its readiness to administer COVID-19 vaccines across its 1,700+ pharmacy locations in partnership with the U.S. government. Once authorized, these pharmacies will receive a direct allocation of the vaccine to enhance access for Americans. The vaccines will be provided at no cost. Trained pharmacists will assist in streamlining the vaccination process, including contactless consent via pharmacy apps, ensuring efficient distribution in collaboration with the CDC and state authorities. Albertsons operates under 20 familiar banners in 34 states.
Albertsons Companies (NYSE: ACI) and Trex Company (NYSE: TREX) have expanded their longstanding recycling partnership, successfully transforming over 200 million pounds of plastic film into sustainable building materials. This initiative includes the recycling of more than 54,000 pounds of bulk medication bottles collected by Albertsons pharmacies, contributing to Trex's production of environmentally friendly composite decking. The program enhances the circular economy, with Trex using about 400 million pounds of recycled plastic annually, supporting sustainability efforts across various retail locations.
On October 29, 2020, Albertsons Companies (NYSE: ACI) announced the appointment of Mary Beth West to its Board of Directors. West brings extensive experience in retail and marketing, having held significant positions at Kraft Foods and Mondelez International. She previously served as Chief Growth Officer at The Hershey Company, where she drove growth and innovation. Her expertise is expected to enhance Albertsons' customer engagement strategies, according to CEO Vivek Sankaran.
Albertsons Companies (ACI) reported strong second-quarter results for fiscal 2020, ending September 12, with a 13.8% increase in identical sales and digital sales growth of 243%. Net income stood at $284.5 million, with adjusted net income per share of $0.60. Adjusted EBITDA rose 67% to $948.4 million, while sales increased 11.2% to $15.8 billion. The company completed significant debt refinancing, saving approximately $52 million in annual interest.
Updated forecasts expect identical sales growth of at least 15.5% and adjusted EPS between $2.75 and $2.85 for fiscal 2020.
Albertsons Companies Inc. (NYSE: ACI) has launched Albertsons Pay, a zero-touch checkout feature in its updated just for U loyalty app. This allows customers to pay securely, use discounts, and earn rewards seamlessly. Available across all Albertsons Cos. stores, it offers two payment methods: Albertsons Direct for bank payments and Albertsons Cash for pre-loaded accounts. The initiative aims to enhance customer convenience while supporting local charities, having raised nearly $100 million for community hunger relief in 2020.
Albertsons Companies (ACI) has launched a pilot program for contactless PickUp lockers in select Chicago Jewel-Osco and Bay Area Safeway stores. This initiative aims to enhance e-commerce fulfillment options alongside existing Delivery and Drive Up & Go services. Albertsons reported a 276% increase in digital sales in its recent fiscal quarter, highlighting its commitment to leveraging technology for customer convenience. The lockers, provided by Bell and Howell, are modular and temperature-controlled, allowing customers to pick up various grocery items efficiently.
Albertsons Companies (NYSE: ACI) declared a cash dividend of $0.10 per share for Q3 2020, aligning with its established dividend policy. The dividend is payable on November 10, 2020 to shareholders on record as of October 26, 2020. The company's capital allocation strategy utilizes strong free cash flow to support growth, bolster its balance sheet, and enhance shareholder value, including dividend payments. Albertsons operates 2,252 stores and is committed to community support, contributing $225 million in 2019 to various initiatives.
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