Albertsons Companies, Inc. (ACI)
| Market Cap | 11.84B |
| Revenue (ttm) | 79.45B |
| Net Income (ttm) | 1.12B |
| Shares Out | 579.13M |
| EPS (ttm) | 1.92 |
| PE Ratio | 10.65 |
| Forward PE | 8.08 |
| Dividend | $0.48 (2.35%) |
| Ex-Dividend Date | Jul 26, 2024 |
| Volume | 2,529,347 |
| Open | 20.26 |
| Previous Close | 20.26 |
| Day's Range | 20.08 - 20.55 |
| 52-Week Range | 19.33 - 23.88 |
| Beta | 0.33 |
| Analysts | Buy |
| Price Target | 24.92 (+21.86%) |
| 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, an increase of 7.00%.
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 21.86% from the latest price.
News
Albertsons and Kroger agree to pause merger amid legal, regulatory challenges
Kroger and Albertsons announced that the two companies agreed to temporarily pause their $25 billion merger as a lawsuit filed by Colorado challenging their merger goes to trial.
Kroger, Albertsons agree to halt merger plans as Colorado trial progresses, state attorney general says
Grocery store chains Kroger Co. and Albertsons Inc. have agreed to put their merger plans on hold, as they await a court ruling on a Colorado state lawsuit to block the deal, the state's attorney gene...
Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed
Kroger KR -1.61%decrease; red down pointing triangle and Albertsons ACI 0.94%increase; green up pointing triangle agreed to temporarily put their $20 billion deal on hold while antitrust enforcers pur...
Colorado judge temporarily halts Kroger-Albertsons merger, Bloomberg News reports
A Colorado judge issued an order temporarily blocking the proposed $25 billion merger between Kroger and Albertsons , which has been challenged by the state attorney general, Bloomberg News reported o...
Albertsons Companies Earns Top Score on 2024 Disability Equality Index
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies has been recognized as a 2024 Best Place to Work for People with Disabilities for the second consecutive year.
Albertsons' Loyalty Refresh Contributes to 23% Digital Growth
As grocery shoppers increasingly seek out Click-and-Mortar™ technologies for a seamless omnichannel experience, Albertsons is seeing double-digit online growth, helped by its rewards refresh. The groc...
Albertson's Q1 revenue tops estimates but profit misses
Albertson's Cos. Inc.'s stock ACI, -0.30% fell 0.1% in premarket trades Tuesday after the grocery chain reported lower-than-expected first-quarter profit.
Albertsons Companies, Inc. Reports First Quarter Fiscal 2024 Results
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. today reported results for the first quarter of fiscal 2024, which ended June 15, 2024.
Jim Cramer names stocks that could rally, or fall, during another Trump presidency
CNBC's Jim Cramer on Monday named stocks that could stand to see gains if former President Donald Trump returns to office, as well as ones that may notch losses. "After this weekend, it sure seems lik...
Kroger, Albertsons identify nearly 600 locations they will sell to get merger approved
Kroger and Albertsons, who are looking to merge, have identified the 579 locations across the country that they intend to offload from their combined grocery store count.
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 second quarter of $0.12 per share of common stock.
Albertsons Companies to Release First Quarter Fiscal 2024 Earnings on July 23, 2024
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release its financial results for the first quarter of fiscal year 2024 before the market opens on July 23, 2024.
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.