Albertsons Companies, Inc. (ACI)
| Market Cap | 11.08B |
| Revenue (ttm) | 79.71B |
| Net Income (ttm) | 998.00M |
| Shares Out | 579.35M |
| EPS (ttm) | 1.71 |
| PE Ratio | 11.18 |
| Forward PE | 8.50 |
| Dividend | $0.48 (2.51%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 1,912,146 |
| Open | 19.19 |
| Previous Close | 19.27 |
| Day's Range | 19.08 - 19.33 |
| 52-Week Range | 17.80 - 23.47 |
| Beta | 0.33 |
| Analysts | Buy |
| Price Target | 23.94 (+25.21%) |
| Earnings Date | Jan 7, 2025 |
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, Albertsons Companies'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, an increase of 7.00%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for ACI stock is "Buy." The 12-month stock price forecast is $23.94, which is an increase of 25.21% from the latest price.
News
Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
CINCINNATI , Nov. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange...
North Texas Food Bank Partners with Tom Thumb / Albertsons and UNT Dallas for Thanksgiving Food Distribution
With food insecurity rising sharply, the event will provide seasonal items to approximately 500 families. With food insecurity rising sharply, the event will provide seasonal items to approximately 50...
Albertsons Companies, Inc. Announces Changes to Board of Directors
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced that effective October 24, 2024, the Board of Directors (the “Board”) has elected Jim Donald as th...
This Datadog Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Albertsons Companies Remains One Of The Best Risk-To-Reward Prospects In This Market
Special situations like bankruptcies, spin-offs, and mergers offer unique investment opportunities, with the Albertsons-Kroger merger being a notable example. The Albertsons-Kroger deal, valued at $24...
Albertsons Sees 24% Growth in Digital Sales Amid Expanded Offerings
Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept.
Albertsons' stock climbs on Q2 earnings and revenue beat
Albertsons Cos. Inc. shares are up 1% in premarket trades Tuesday after the grocery chain reported better-than expected second-quarter revenue and earnings.
Albertsons Companies, Inc. Reports Second Quarter Fiscal 2024 Results
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. reported results for the second quarter of fiscal 2024, which ended September 7, 2024.
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 third quarter of $0.12 per share of common stock.
Albertsons Companies Voluntarily Recalls 12 ReadyMeals and Store-Made Deli Items Containing a Recalled Chicken Ingredient Supplied by Fresh Creative Foods Due to Possible Listeria Monocytogenes Contamination
BOISE, Idaho--(BUSINESS WIRE)--Following a recall initiated by Fresh Creative Foods, Albertsons Companies has voluntarily recalled 12 types of ReadyMeals and store-made deli items.
Why Shrinking Price Differences Between Walmart, Kroger, And Albertsons Matter To Investors
Recent data from JPMorgan's exclusive survey indicates that price gaps between Walmart Inc WMT and competitors like Kroger Co KR and Albertsons Companies Inc ACI are narrowing.
Albertsons Companies to Release Second Quarter Fiscal 2024 Earnings on October 15, 2024
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release its financial results for the second quarter of fiscal year 2024 before the market opens on October 15, 2024.
Albertsons Companies Launches Highly Rated Bee Lightly™ Wines, Redefining Wine Packaging
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies launches Bee Lightly, featuring a flat bottle design made from recycled polyethylene terephthalate, a first in the U.S. market.
Kroger and Albertsons wrap up court hearing for their merger
Kroger and Albertsons were expected to present their closing arguments Tuesday in a U.S. District Court hearing on their proposed merger, which the federal government hopes to block.
What's at Stake as FTC's Legal Fight Against Kroger-Albertsons Merger Ends
The Federal Trade Commission's (FTC) legal challenge against the proposed $24.6 billion merger of Kroger (KR) and Albertsons (ACI) is set to end in an Oregon federal court Tuesday, with a judge to rul...
Albertsons Companies Foundation Announces Recipients of $9 Million in Multiyear Nourishing Neighbors Innovation Spark Grants
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, along with the Albertsons Companies Foundation, announces the recipients of the Nourishing Neighbors Innovation Spark Grants.
Big retailers are fighting for consumers on food inflation, says Telsey's Joe Feldman
Joe Feldman, Telsey Advisory Group senior managing director, joins 'Power Lunch' to discuss food inflation, how larger retailers are pushing back, and more.
Is the Kroger-Albertsons merger really doomed? The deal's chances, and what it means for consumers, explained
A weekslong court battle is playing out in Oregon right now that could determine the future of your grocery shopping—with one side arguing the largest proposed supermarket merger in U.S. history will ...
Albertsons Companies Foundation Launches the Million Hour Volunteer Rally to Support Local Nonprofits and Neighbors in Need
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. [NYSE: ACI], in collaboration with the Albertsons Companies Foundation, today announced the Million Hour Volunteer Rally to help neighbors in ...
Albertsons Companies Launches New Own Brand, Overjoyed™, Featuring Indulgent Treats, Gifts and Décor
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies today introduced its newest Own Brand, Overjoyed, marking the company's first major private label debut in recent years.
Pivotal Week Ahead in Kroger-Albertsons Case After FTC Lands Early Blows
PORTLAND, Ore.—Antitrust enforcers will go for the knockout punch this week against Kroger's KR 0.92%increase; green up pointing triangle planned acquisition of Albertsons ACI -1.33%decrease; red down...
The U.S. Wants to Stop the Kroger-Albertsons Merger. A History of Supermarkets Under Attack.
The combined companies would have less market share than Walmart, the nation's top grocer these days.
Albertsons Companies Pharmacies Announce COVID and Flu Vaccines Available Now to Help Protect Communities Against the Upcoming Respiratory Virus Season
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies pharmacies are now offering the latest monovalent mRNA COVID vaccines from Pfizer and Moderna along with the annual flu vaccine.
Kroger Announces Results of Early Participation in Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes and Certain Amendments to the Exchange Offers and Consent Solicitations
CINCINNATI , Aug. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has received the requisite number of consents to adopt certain proposed amendmen...