Albertsons Companies, Inc. (ACI)
| Market Cap | 11.79B |
| Revenue (ttm) | 79.16B |
| Net Income (ttm) | 1.36B |
| Shares Out | 576.04M |
| EPS (ttm) | 2.35 |
| PE Ratio | 8.71 |
| Forward PE | 7.71 |
| Dividend | $0.48 (2.35%) |
| Ex-Dividend Date | Apr 25, 2024 |
| Volume | 1,616,178 |
| Open | 20.43 |
| Previous Close | 20.44 |
| Day's Range | 20.32 - 20.57 |
| 52-Week Range | 19.88 - 23.88 |
| Beta | 0.33 |
| Analysts | Buy |
| Price Target | 24.65 (+20.48%) |
| 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 2022, ACI's revenue was $77.65 billion, an increase of 8.02% compared to the previous year's $71.89 billion. Earnings were $1.51 billion, a decrease of -6.55%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for ACI stock is "Buy." The 12-month stock price forecast is $24.65, which is an increase of 20.48% from the latest price.
News
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...
FTC: Kroger (KR)-Albertsons (ACI) Merger Would Raise Grocery Prices
The FTC is suing to block Kroger's (KR) acquisition of grocery rival Albertsons (ACI). Renita Young discusses this as the FTC says that the merger would raise grocery prices for consumers.
Kroger-Albertsons merger fight may impact 2024 election
A Biden administration bid to block supermarket chain Kroger's $24.6 billion deal to buy rival Albertsons may have outsized impact in two inflation-weary 2024 election battleground states, Nevada and ...
FTC Sues to Block Kroger (KR) Acquisition of Albertsons (ACI)
The FTC sues to block Kroger's (KR) acquisition of grocery rival Albertsons (ACI). Kevin Hincks discusses this as Kroger says that blocking the merger would hurt consumers and workers.
The FTC Will Lose Its Fight To Block The Kroger-Albertsons Merger
(Disclosure: I am an investor in Albertson's.)
Why The FTC Could Lose Its Lawsuit Challenging The Kroger-Albertsons Merger
(Disclosure: I am an investor in Albertsons.)
FTC Legal Challenge Threatens Kroger-Albertsons $25 Billion Deal
Antitrust regulator The Federal Trade Commission filed a lawsuit Monday in an attempt to spike Kroger's long-running attempt to buy rival grocer Albertsons, claiming the merger of the two major grocer...
Kroger-Albertsons Merger Challenged In Court By FTC, 8 States
The Federal Trade Commission—along with eight states and Washington, D.C.—filed a lawsuit Monday to block Kroger's proposed $24.6 billion acquisition of Albertsons, the largest proposed supermarket me...
FTC Sues to Block $24.6 Billion Kroger-Albertsons Deal
The US Federal Trade Commission joined with eight states and Washington DC in suing to block Kroger Co.'s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wa...
FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes
The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures a...
Kroger-Albertsons merger in jeopardy
The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.
FTC case over Kroger-Albertsons deal adds to earlier antitrust woes
The U.S. Federal Trade Commission said on Monday that it is suing block Kroger's $24.6 billion purchase of rival grocery chain Albertsons on antitrust grounds, adding to a slew of legal challenges fro...