Albertsons Companies, Inc. (ACI)
| Market Cap | 11.50B |
| Revenue (ttm) | 79.24B |
| Net Income (ttm) | 1.30B |
| Shares Out | 579.09M |
| EPS (ttm) | 2.23 |
| PE Ratio | 8.91 |
| Forward PE | 7.97 |
| Dividend | $0.48 (2.42%) |
| Ex-Dividend Date | Apr 25, 2024 |
| Volume | 1,618,886 |
| Open | 19.86 |
| Previous Close | 19.89 |
| Day's Range | 19.73 - 19.95 |
| 52-Week Range | 19.47 - 23.88 |
| Beta | 0.34 |
| Analysts | Buy |
| Price Target | 24.92 (+25.48%) |
| Earnings Date | Jul 23, 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 25.48% from the latest price.
News
Grubhub Partners with Albertsons Companies for Nationwide Grocery Delivery
First national grocery retailer to partner with Grubhub, offering delivery from nearly 1,800 Albertsons Cos. stores CHICAGO and BOISE, Idaho , June 25, 2024 /PRNewswire/ -- Grubhub (LSE: JET, AMS: TKW...
Latest on Kroger (KR)/Albertsons (ACI) Merger & Earnings
Kroger (KR) falls after earnings. Kroger reported respectable 1Q earnings as it continues its merger with Albertsons (ACI), notes Burt Flickinger.
Kroger CEO on consumer strength, and Albertsons merger
Rodney McMullen, Kroger CEO, joins 'Money Movers' to discuss what's happening with Kroger's pricing dynamic, if the budget-conscious consumer has positive momentum, and McMullen's thoughts on the Albe...
Kroger's stock upgraded, as an Albertsons deal or no deal would be a good thing
Shares of Kroger Co. got a nice lift on Tuesday, after BMO Capital's Kelly Bania turned bullish on the supermarket chain, and not just because she's upbeat about earnings due out in two days.
Albertsons Media Collective Launches Collective TV - Powered by First-Party Data, Closed-Loop Measurement, Shoppable Ads and Premium Inventory
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Media Collective debuted Collective TV, a solution that unlocks the combined value of retail media and TV.
Leading Nonprofits Join Albertsons Companies Foundation in a First-of-Its-Kind Initiative to Tackle Summer Hunger Among Children in the U.S.
BOISE, Idaho--(BUSINESS WIRE)--The Albertsons Companies Foundation today announced the launch of a new collective effort focused on addressing childhood hunger this summer.
Albertsons Media Collective Partners with Rokt to Extend Its Retail Media Ecosystem, Adds Non-Endemic Ads Across Its Portfolio of Brands
Grocery Retailer Will Use Rokt's AI-Powered Technology to Unlock Relevance and Drive Customer Loyalty NEW YORK , June 7, 2024 /PRNewswire/ -- Rokt , the leading ecommerce technology company using mach...
Albertsons Companies Foundation Celebrates a Decade of Fighting Hunger and $297 Million Raised with Nourishing Neighbors Program
BOISE, Idaho--(BUSINESS WIRE)--This month, Albertsons Companies, Inc. (NYSE: ACI), along with the Albertsons Companies Foundation, celebrates 10 years and $297 million raised for its Nourishing Neighb...
Albertsons and Uber Expand Program Delivering Surplus Food to Nonprofits
Albertsons Companies and Uber Technologies have expanded a program in which they donate and deliver surplus food to local nonprofit organizations and food banks. After being piloted in Washington, D.C...
Albertsons Companies and Uber Partner Together to Deliver Surplus Food to Neighbors in Need
BOISE, Idaho & SAN FRANCISCO--(BUSINESS WIRE)--Albertsons Companies and Uber partner to donate surplus food from Albertsons Cos. stores to local non-profit organizations and food banks.
Washington state paying law firm Munger to fight Kroger-Albertsons merger
Washington state has agreed to pay U.S. law firm Munger, Tolles & Olson up to $2.5 million for legal work on its lawsuit seeking to block Kroger's $25 billion purchase of rival grocer Albertsons , con...
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.
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, 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.
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.