Albertsons Companies, Inc. (ACI)

NYSE: ACI · IEX Real-Time Price · USD
21.16
-0.41 (-1.90%)
Feb 27, 2024, 11:25 AM EST - Market open
-1.90%
Market Cap 12.40B
Revenue (ttm) 79.16B
Net Income (ttm) 1.36B
Shares Out 576.04M
EPS (ttm) 2.35
PE Ratio 9.13
Forward PE 8.08
Dividend $0.48 (2.27%)
Ex-Dividend Date Jan 25, 2024
Volume 2,309,725
Open 21.55
Previous Close 21.57
Day's Range 21.00 - 21.55
52-Week Range 19.14 - 23.88
Beta 0.35
Analysts Buy
Price Target 25.56 (+20.79%)
Earnings Date Apr 9, 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]

Industry Grocery Stores
IPO Date Jun 26, 2020
Employees 290,000
Stock Exchange NYSE
Ticker Symbol ACI
Full Company Profile

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 Statements

Analyst Forecast

According to 5 analysts, the average rating for ACI stock is "Buy." The 12-month stock price forecast is $25.56, which is an increase of 20.79% from the latest price.

Price Target
$25.56
(20.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

Other symbols: KR
2 hours ago - CNBC Television

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.

Other symbols: KR
6 hours ago - CNBC International TV

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...

Other symbols: KR
17 hours ago - Forbes

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...

Other symbols: KR
17 hours ago - Fast Company

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.

Other symbols: KR
18 hours ago - Schwab Network

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 ...

Other symbols: KR
19 hours ago - Reuters

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.

Other symbols: KR
20 hours ago - Schwab Network

The FTC Will Lose Its Fight To Block The Kroger-Albertsons Merger

(Disclosure: I am an investor in Albertson's.)

Other symbols: KR
22 hours ago - Forbes

Why The FTC Could Lose Its Lawsuit Challenging The Kroger-Albertsons Merger

(Disclosure: I am an investor in Albertsons.)

Other symbols: KR
22 hours ago - Forbes

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...

Other symbols: KR
22 hours ago - Forbes

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...

Other symbols: KR
22 hours ago - Forbes

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...

Other symbols: KR
22 hours ago - Bloomberg Markets and Finance

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...

22 hours ago - New York Post

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.

Other symbols: KR
22 hours ago - Fox Business

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...

Other symbols: KR
23 hours ago - Reuters

FTC Sues to Block Kroger-Albertsons Merger Over Higher Price Concerns

The deal would lead to higher food prices for consumers as well as lower wages for workers, the FTC says in a lawsuit filed in federal court in Oregon.

Other symbols: KR
23 hours ago - Barrons

Kroger, Albertsons $25 billion merger fraught with roadblocks

The U.S. Federal Trade Commission (FTC) said on Monday it was suing to block Kroger's near $25 billion purchase of rival grocer Albertsons as it would eliminate "fierce competition."

Other symbols: KR
23 hours ago - Reuters

FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers

The FTC, which was joined by a group of attorneys general, said the Kroger-Albertsons deal would hurt competition in the grocery industry.

Other symbols: KR
23 hours ago - CNBC

FTC Sues to Block $25 Billion Kroger-Albertsons Merger

The Federal Trade Commission sued to block Kroger's bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history.

Other symbols: KR
23 hours ago - WSJ

US FTC suing to block $25 bln Kroger-Albertsons deal

The U.S. Federal Trade Commission and eight states said on Monday they are suing to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons , saying it would boost grocery ...

Other symbols: KR
23 hours ago - Reuters

RRD Selected by Albertsons Companies to Transform Promotional Marketing Ecosystem

CHICAGO--(BUSINESS WIRE)--R.R. Donnelley & Sons Company (RRD), a leading global provider of marketing, packaging, print, and supply chain solutions, today announced that Albertsons Companies selected ...

1 day ago - Business Wire

FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week, Bloomberg reports

The United States Federal Trade Commission and a group of states could sue as soon as next week to block grocer Kroger's proposed $24.6 billion deal to buy smaller rival Albertsons , Bloomberg News re...

Other symbols: KR
6 days ago - Reuters

Kroger, Albertsons Allegedly Colluded Against Grocery Workers' Union

The two companies struck a "no-poaching" deal to weaken workers' leverage during a strike, Colorado's attorney general says.

Other symbols: KR
10 days ago - Huffington Post

Colorado sues to stop $25 billion Kroger-Albertsons merger

Colorado's attorney general filed a lawsuit on Wednesday seeking to block Kroger's proposed $25 billion acquisition of rival supermarket chain Albertsons , saying consumers would be hurt, as the U.S. ...

Other symbols: KR
12 days ago - Reuters

Kroger pledges to lower prices for consumers when its planned merger with Albertsons closes

Kroger Inc. KR, +0.95% said Tuesday it will lower prices for customers when its planned merger with Albertsons Cos. Inc. ACI, +0.33% closes, noting that it has done the same with previous deals.

Other symbols: KR
14 days ago - Market Watch