Albertsons Companies, Inc. (ACI)
| Market Cap | 11.31B |
| Revenue (ttm) | 79.71B |
| Net Income (ttm) | 998.00M |
| Shares Out | 579.35M |
| EPS (ttm) | 1.71 |
| PE Ratio | 11.42 |
| Forward PE | 8.79 |
| Dividend | $0.48 (2.46%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 4,748,731 |
| Open | 19.36 |
| Previous Close | 19.41 |
| Day's Range | 19.26 - 19.60 |
| 52-Week Range | 17.00 - 23.47 |
| Beta | 0.36 |
| Analysts | Buy |
| Price Target | 23.11 (+18.39%) |
| 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 11 analysts, the average rating for ACI stock is "Buy." The 12-month stock price forecast is $23.11, which is an increase of 18.39% from the latest price.
News
Food Fight With Kroger Spells Trouble for Albertsons
Albertsons faces daunting challenges as a stand-alone company.
Kroger Vs. Albertsons: Which Stock Is The Best Bet After The Merger Breakup?
Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very undervalue...
Albertsons is now suing Kroger for billions. That won't help it find another buyer, analysts say.
Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.
Albertsons sues Kroger, terminates deal after federal judge blocks massive grocery merger
Albertsons terminated the merger and blamed Kroger for breaching the terms of its agreement.
Albertsons Takes Kroger to Court After Grocery Merger Collapses
Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware Court of Chancery, accu...
The Kroger-Albertsons Deal Is Off. Courthouse Drama Could Be Next
The deal is over. The story isn't.
Albertsons files lawsuit against Kroger for breach of merger agreement
CNBC's Sara Eisen reports on news regarding two large grocery store operators.
Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal
Albertsons' lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.
Albertsons Sues Kroger After Judge Blocks $25 Billion Merger
Grocery store chain Albertsons formally terminated nearly $25 billion merger agreement with rival Kroger on Wednesday, a day after a federal judge blocked the deal—with Albertsons filing a lawsuit acc...
Albertsons sues Kroger after judge rules against grocery merger
Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger. Albertsons filed a lawsuit against its fellow supermarket operator, saying Kroger violated its contract and did...
Albertsons terminates $25 billion merger with Kroger after regulatory hurdle
Albertsons on Wednesday terminated its $25 billion merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal.
Albertsons Files Lawsuit Against Kroger for Breach of Merger Agreement
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons”) today filed a lawsuit against The Kroger Co. (NYSE: KR) (“Kroger”) in the Delaware Court of Chancery, bringing clai...
Albertsons Terminates Merger Agreement
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced it has exercised its right to terminate its merger agreement with Kroger after the U.S. District C...
Kroger, Albertsons could turn to ad business as deal termination looms, analysts say
After a federal court blocked the $25 billion Kroger -Albertsons merger, the two supermarket rivals could turn to fast-growing and profitable advertising ventures to tackle competition and grow, analy...
Why The Kroger-Albertsons Merger Was Blocked
A Federal Judge and a King County Judge in Washington state have blocked the $25 billion merger of grocery giants Kroger and Albertsons. The decision is a victory for consumers, grocery workers, small...
Judge Blocks Kroger's $24.6 Billion Albertsons Deal Over Competition Concerns
A federal judge has blocked Kroger's $24.6 billion acquisition of Albertsons on Tuesday (Dec. 10), citing concerns that the deal would reduce competition in the U.S. grocery market, Bloomberg reported...
Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The judge agreed with the FTC that the merger would weaken competition for US grocery shoppers.
Kroger-Albertsons Merger Blocked by Court
The ruling hands a victory to Biden antitrust enforcers, who said the $20 billion supermarket merger would erode competition and raise prices for consumers.
US judge blocks $25m Kroger-Albertsons grocery chain merger
Judge sides with FTC that merger would lead to higher prices and less bargaining leverage for union workers
Judge Blocks Kroger Takeover of Albertsons
Bloomberg Intelligence senior antitrust litigation analyst Jennifer Rie breaks down why a US district judge blocked Kroger's $24.6 billion takeover of Albertsons.
Kroger's $25B deal to buy grocery rival Albertsons blocked by federal judge in win for Biden administration
The companies argued at trial that they needed to merge to compete with global conglomerates such as Walmart and Amazon.
Federal judge temporarily blocks Kroger's $25 billion merger with Albertsons
A U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission (FTC) in a win for the Biden administration.
$25 Billion Kroger-Albertsons Merger Blocked By Federal Judge
A federal judge blocked a $24.6 billion merger between Kroger and Albertsons on Tuesday, ruling against the merger over concerns it would lessen competition in the supermarket sector.
Federal judge blocks Kroger's $25B acquisition of Albertsons
A federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
Reports: Federal judge blocks $24.6B Albertson's deal
CNBC's Julia Boorstin joins 'Closing Bell' with the latest details about Kroger.