Albertsons Companies, Inc. (ACI)
| Market Cap | 11.88B |
| Revenue (ttm) | 79.24B |
| Net Income (ttm) | 1.30B |
| Shares Out | 577.41M |
| EPS (ttm) | 2.23 |
| PE Ratio | 9.22 |
| Forward PE | 7.75 |
| Dividend | $0.48 (2.33%) |
| Ex-Dividend Date | Apr 25, 2024 |
| Volume | 944,488 |
| Open | 20.67 |
| Previous Close | 20.72 |
| Day's Range | 20.51 - 20.69 |
| 52-Week Range | 19.85 - 23.88 |
| Beta | 0.33 |
| Analysts | Buy |
| Price Target | 24.92 (+21.15%) |
| Earnings Date | Apr 22, 2024 |
About ACI
Albertsons Companies, Inc., through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores. It operates stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Stree... [Read more]
Financial Performance
In 2023, ACI's revenue was $79.24 billion, an increase of 2.05% compared to the previous year's $77.65 billion. Earnings were $1.30 billion, a decrease of -14.37%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ACI stock is "Buy." The 12-month stock price forecast is $24.92, which is an increase of 21.15% from the latest price.
News
Albertsons Companies Wins ‘People's Voice' Webby Award for Best Shopping and Retail App
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies announced today that the retailer was voted the ‘People's Voice' winner for best shopping and retail app in the 28th annual Webby Awards. Over the l...
Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would be sold to make way for their proposed merger.
Albertsons: Digital Rewards Keep Shoppers Spending
As ongoing financial challenges have grocery shoppers more cautious about their purchasing, many are seeking out digital rewards. In its fourth quarter and full year fiscal 2023 financial results, Al...
Albertsons and Kroger Agree to Sell More Stores to Get Merger Approval
Albertsons (ACI) shares declined in intraday trading Monday as the supermarket chain and Kroger (KR) agreed to sell off more stores in order to get regulatory approval for Kroger's $24.6 billion acqui...
Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators
Kroger and Albertsons have agreed to sell over 160 additional stores in a divestiture package, a bid to appease competition regulators and close their long-pending merger.
Kroger and Albertsons Have a New Plan. Albertsons Earnings Take a Back Seat.
Grocery chains Kroger and Albertsons now plan to sell more locations and assets. Albertsons also reported strong earnings for the fiscal fourth quarter.
Albertsons ‘expects to face ongoing headwinds' after Q4 earnings
Albertsons Companies Inc is trading down in premarket on Monday even though it reported better-than-expected financial results for its fiscal fourth quarter. Why is Albertsons stock down today?
Kroger, Albertsons amend asset sale agreement with C&S Wholesale
Kroger and Albertsons Cos said on Monday that they have amended their definitive agreement with C&S Wholesale Grocers for the sale of assets in connection with their proposed merger.
Albertson's Q4 profit tops estimates to offset revenue miss
Albertsons Cos. Inc.'s stock ACI, -0.54% rose 0.7% early Monday, after the grocery chain beat profit estimates for its fiscal fourth quarter, offsetting a revenue miss.
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023.
Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan
Amended Divestiture Plan Adds Stores, Facilities and Banner Names to Enhance Competition in Overlap Geographies and to Address Regulator Concerns CINCINNATI , April 22, 2024 /PRNewswire/ -- The Kroger...
Albertsons Companies Announces Common Stock Dividend
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. announced its Board of Directors has declared a cash dividend for the first quarter of $0.12 per share of common stock.
Albertsons Companies Unveils Simplified “for U” Loyalty Program Enhancing Member Experience to Provide Even Greater Value
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies unveils a new, simplified loyalty program providing more value and ease than ever for the retailer's loyalty members.
Albertsons Companies to Release Fourth Quarter and Fiscal 2023 Earnings on April 22, 2024
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release its financial results for the fourth quarter and fiscal year 2023 before the market opens on April 22, 2024.
A $20 Billion Deal Depends on Whether You Think Walmart Is a Supermarket
Antitrust authorities say Kroger's planned Albertsons takeover will leave fewer traditional supermarkets to compete for Americans' dollars.
US judge to hear FTC challenge to Kroger Albertsons deal on Aug. 26
U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's $24.6 billion...
Kroger-Albertsons merger: Is it good or bad for shoppers?
The FTC is attempting to block the Kroger-Albertsons merger on the grounds it would hurt competition, while the companies argue the tie-up would be beneficial for consumers and workers.
Warren on Shutdown, Interest Rates, Kroger-Albertsons Deal
Senator Elizabeth Warren, a Democrat from Massachusetts, talks about the possible government shutdown, the need to lower interest rates and Kroger's proposed $24 billion deal to buy Albertsons. She sp...
Senator Warren Says FTC Should Block Kroger-Albertsons Deal
Senator Elizabeth Warren, a Democrat from Massachusetts, says the US Federal Trade Commission should block the proposed Kroger-Albertsons deal. She speaks to Bloomberg's Joe Mathieu and Kailey Leinz i...
FTC sues to block Kroger's $24.6B acquisition of Albertsons
The Federal Trade Commission (FTC) is suing to block the Kroger Company's (KR) $24.6 billion acquisition of the supermarket chain Albertsons Companies (ACI). FTC regulators claim the deal would cause ...
Western states among biggest skeptics of Kroger-Albertsons tie-up
Grocery store chain Kroger's bid to buy its close rival Albertsons has caused alarm in the U.S. West, where officials fear its potential dominance - controlling more than half the market in some state...
FTC sues to block Kroger-Albertsons merger: Here's what to know
Kathy O'Neill, former DOJ antitrust division official, joins 'Squawk Box' to discuss the FTC's lawsuit to block the merger between Kroger and Albertsons, whether the deal could lead to to higher food ...
The FTC's opposition to the Kroger-Albertsons merger is 'philosophical', not pragmatic: Analyst
Bryan Gildenberg of Retail Cities says that there is "simply no evidence" that Krogers buying Albertsons would raise prices for consumers and he expects the acquisition to eventually be approved.
Kroger-Albertsons Merger Takes Major Hit From The FTC, Is It The End?
Kroger and Albertsons ACI , two of the nation's largest supermarket chains agreed to merge in October 2022. Since then there has been much discussion about whether the Federal Trade Commission Chair L...
FTC, states sue to block the largest grocery merger in U.S. history between Kroger and Albertsons
The Federal Trade Commission (FTC) sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for...