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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms. The company was founded in 1860 and is headquartered in Boise, Idaho. Albertsons Companies, Inc. is a subsidiary of Albertsons Investor Holdings LLC.
IPO Year: 2020
Exchange: NYSE
Website: albertsonscompanies.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/23/2024 | $24.00 | Neutral → Buy | ROTH MKM |
4/26/2023 | $32.00 → $27.00 | Neutral → Buy | Tigress Financial |
12/6/2022 | $26.00 | Outperform | Bernstein |
10/20/2022 | Buy → Hold | Deutsche Bank | |
10/20/2022 | $26.00 → $30.00 | Underweight → Equal-Weight | Morgan Stanley |
10/17/2022 | Buy → Neutral | Guggenheim | |
1/12/2022 | $33.00 → $31.00 | Neutral | UBS |
1/12/2022 | $24.00 → $26.00 | Underweight | Morgan Stanley |
1/12/2022 | $30.00 → $32.00 | Equal-Weight | Barclays |
1/7/2022 | $35.00 → $37.00 | Outperform | Telsey Advisory Group |
- Bloomberg
Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:ACI) with a Market Perform and maintains $27.25 price target.
Albertsons Companies Inc (NYSE:ACI) reported first-quarter FY24 sales growth of 0.9% year-on-year to $24.27 billion, beating the analyst consensus estimate of $24.14 billion. The increase was driven by a 1.4% increase in identical sales, with strong growth in pharmacy sales driving the identical sales increase. Digital sales increased 23%. Gross margin rate expanded 10 basis points to 27.8%. The operating margin was 1.9%, and operating income for the quarter declined 26.1% to $459.6 million. The company held $291.1 million in cash and equivalents as of June 15. Operating cash flow totaled $960.9 million. Adjusted EBITDA of $1.183 billion decreased 10.2% Y/Y. Adjusted EPS of $0.66
Albertsons Companies (NYSE:ACI) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.67 by 1.49 percent. This is a 29.03 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $24.27 billion which beat the analyst consensus estimate of $24.14 billion by 0.52 percent. This is a 0.89 percent increase over sales of $24.05 billion the same period last year.
Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:ACI) with a Market Perform and maintains $27.25 price target.
- Reuters
Kroger Co. (NYSE:KR) has reportedly revealed the comprehensive list of stores, distribution centers, and plants it plans to divest to gain regulatory approval for its proposed merger with Albertsons Companies Inc (NYSE:ACI). The announcement comes as the companies prepare for a trial in August that will determine the fate of their $24.6 billion merger. Employees at the affected locations have been notified, according to a memo from Chief Executive Officer Rodney McMullen, reported Bloomberg. Impacted workers will transition to becoming employees of C&S Wholesale Grocers after the deal closes but will remain under Kroger and Albertsons until then, the report added. C&S has pledged
- Bloomberg News
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Customers, associates and partners are invited to donate time and skills to collectively reach one million volunteer hours Albertsons Companies, Inc. (NYSE:ACI), in collaboration with the Albertsons Companies Foundation, today announced the Million Hour Volunteer Rally to help neighbors in need. Customers, associates and partners are invited to join the company's Nourishing Neighbors charitable program on the mission to end hunger by collectively contributing one million volunteer hours to various nonprofit organizations across the country. Now through Oct. 31, customers who volunteer and record their hours during this campaign will have the opportunity to win a grand prize of free groceri
CINCINNATI, Oct. 2, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collective
CINCINNATI, Sept. 26, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collecti
New Private Label Features Flat-Pack 100% Recycled PET Bottles, First to Market in the US Albertsons Companies, Inc. (NYSE:ACI) today announced the launch of Bee Lightly, the newest addition to the company's Own Brands wine portfolio, distinguished by its unique flat bottle design crafted from 100% recycled polyethylene terephthalate (PET). This innovative approach to wine packaging marks a first in the U.S. market, underscoring a commitment to recycled packaging solutions without compromising on the quality and flavor of wine that customers expect. With 91-point ratings from The Tasting Panel*, both the 2022 Bee Lightly Chardonnay and the 2023 Bee Lightly Rosé were developed with shoppers
CINCINNATI, Sept. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collecti
CINCINNATI, Sept. 16, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collecti
CINCINNATI, Sept. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and American Stores Company, LLC ("ASC"), as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date
Customers, associates and partners are invited to donate time and skills to collectively reach one million volunteer hours Albertsons Companies, Inc. (NYSE:ACI), in collaboration with the Albertsons Companies Foundation, today announced the Million Hour Volunteer Rally to help neighbors in need. Customers, associates and partners are invited to join the company's Nourishing Neighbors charitable program on the mission to end hunger by collectively contributing one million volunteer hours to various nonprofit organizations across the country. Now through Oct. 31, customers who volunteer and record their hours during this campaign will have the opportunity to win a grand prize of free groceri
Retailer's first significant Own Brand debut in recent years boasts sweet treats, dessert toppings, seasonal favorites, scented candles and more designed to celebrate life's everyday moments Albertsons Companies, Inc. (NYSE:ACI) today introduced its newest Own Brand, Overjoyed, marking the company's first major private label debut in recent years. Designed to inspire and elevate every occasion, Overjoyed offers shoppers a curated selection of colorful and tasty products including cupcakes, candles and liners; cookies; chocolatey trail mixes; cheesecakes and sprinkles. An extension of Overjoyed, Overjoyed Boutique™ features decorative vases, candles and seasonal gifts to make every day spa
Albertsons Companies, Inc. (NYSE:ACI) pharmacies are now offering the latest monovalent mRNA COVID vaccines from Pfizer and Moderna along with the annual flu vaccine, in anticipation of a challenging flu and COVID-19 season, as forecasted by the Centers for Disease Control and Prevention (CDC). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829869322/en/Photo Courtesy: Albertsons Companies "Albertsons Cos. pharmacies provide dedicated and personalized care to millions of patients every year, and our trusted pharmacists are here to dispense medications and administer vital vaccines in preparation for the upcoming fall and wint
CINCINNATI, Aug. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has received the requisite number of consents to adopt certain proposed amendments (the "Proposed Amendments") with respect to certain series of the outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and American Stores Company, LLC ("ASC"), as applicable. The results are based on early tenders in the (i) offers to exchange (collectively, the "Exchange Offers") any and all outstanding ACI Notes for up to $7,441,608,000 agg
CINCINNATI, Aug. 15, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) ("Kroger" or the "Company") announced today that it has commenced private exchange offers to certain eligible holders ("Eligible Holders") (each an "Exchange Offer" and, collectively, the "Exchange Offers") for any and all outstanding notes (the "ACI Notes") issued by Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and American Stores Company, LLC ("ASC," and together with ACI, NALP, Safeway, Albertsons and ASL, the "Albertsons Issuing Entities"), as applicable, for up to $7,441,608,000 aggregate principal am
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today reported results for the first quarter of fiscal 2024, which ended June 15, 2024. First Quarter of Fiscal 2024 Highlights Identical sales increased 1.4% Digital sales increased 23% Loyalty members increased 15% to 41.4 million Net income of $241 million, or $0.41 per share Adjusted net income of $392 million, or $0.66 per share Adjusted EBITDA of $1,184 million "In the first quarter of fiscal 2024, we continued to invest in our Customers for Life strategy and the digital and omnichannel capabilities necessary to support it," said Vivek Sankaran, CEO. "Our Customers for Life strategy is placing the customer at
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today announced its Board of Directors has declared a cash dividend for the second quarter of fiscal 2024 of $0.12 per share of common stock. The cash dividend is payable on August 9, 2024, to stockholders of record as of the close of business on July 26, 2024. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of February 24, 2024, the Company operated 2,269 retail stores with 1,725 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under more tha
Albertsons Companies, Inc. (NYSE:ACI) will release its financial results for the first quarter of fiscal year 2024, which ended June 15, 2024, before the market opens on July 23, 2024. In light of the Company's entry into an Agreement and Plan of Merger with The Kroger Co., Albertsons Companies will not be hosting a conference call or providing financial guidance in conjunction with its first quarter of fiscal year 2024 results. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of February 24, 2024, the Company operated 2,269 retail stores with 1,725 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers an
– Strong Growth and Leasing Activity – – Successful Execution on RPT Realty Acquisition – – Board Declares Quarterly Dividend – – Updates 2024 Outlook – JERICHO, N.Y., May 02, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the first quarter ended March 31, 2024. For the three months ended March 31, 2024 and 2023, Kimco Realty's net (loss)/income available to the company's common shareholders per diluted share was ($0.03) and $0.46, respectively. First Quarter Highlights Produced
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023, which ended February 24, 2024. Fourth Quarter of Fiscal 2023 Highlights Identical sales increased 1.0% Digital sales increased 24% Loyalty members increased 16% to 39.8 million Net income of $251 million, or $0.43 per share Adjusted net income of $318 million, or $0.54 per share Adjusted EBITDA of $916 million Fiscal 2023 Highlights Identical sales increased 3.0% Digital sales increased 22% Net income of $1,296 million, or $2.23 per share Adjusted net income of $1,694 million, or $2.88 per share Adjusted EBITDA of
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today announced its Board of Directors has declared a cash dividend for the first quarter of fiscal 2024 of $0.12 per share of common stock. The cash dividend is payable on May 10, 2024, to stockholders of record as of the close of business on April 26, 2024. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of December 2, 2023, the Company operated 2,271 retail food and drug stores with 1,726 pharmacies, 401 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia wit
Albertsons Companies, Inc. (NYSE:ACI) will release its financial results for the fourth quarter and fiscal year 2023, which ended February 24, 2024, before the market opens on April 22, 2024. In light of the Company's entry into an Agreement and Plan of Merger with The Kroger Co., Albertsons Companies will not be hosting a conference call or providing financial guidance in conjunction with its fourth quarter and fiscal year 2023 results. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of December 2, 2023, the Company operated 2,271 retail food and drug stores with 1,726 pharmacies, 401 associated fuel centers, 22 dedicated d
– Leasing Demand Accelerates; Largest Sequential Quarterly Occupancy Gain in Over 15 Years – – Small Shop Occupancy Reaches Record High – – Company Provides Initial 2024 Outlook – Kimco Realty® (NYSE:KIM), North America's largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023. For the three months ended December 31, 2023 and 2022, Kimco's Net income/(loss) available to the company's common shareholders per diluted share was $0.22 and ($0.09), respectively. For full year 2023 and 2022, Net income available to the company's commo
Kimco Realty® ("Kimco" or the "Company") (NYSE:KIM), North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced today the allocations of the company's 2023 dividend distributions on its common stock and preferred stock. The allocations as they will be reported on Form 1099-DIV are as follows: Common Shares (CUSIP # 49446R-10-9) Ex- Ordinary Income Capital Gains Dividend Record Payable Distribution Non- Unrecaptured Return of Sec 199A Date Date Date per Share Total Qualified Qualified Total Sec 1250 Capital Dividends 03/08/2023 03/09/2023 03/23/20
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ROTH MKM upgraded Albertsons from Neutral to Buy and set a new price target of $24.00
Tigress Financial upgraded Albertsons from Neutral to Buy and set a new price target of $27.00 from $32.00 previously
Bernstein initiated coverage of Albertsons with a rating of Outperform and set a new price target of $26.00
Deutsche Bank downgraded Albertsons from Buy to Hold
Morgan Stanley upgraded Albertsons from Underweight to Equal-Weight and set a new price target of $30.00 from $26.00 previously
Guggenheim downgraded Albertsons from Buy to Neutral
UBS reiterated coverage of Albertsons with a rating of Neutral and set a new price target of $31.00 from $33.00 previously
Morgan Stanley reiterated coverage of Albertsons Companies with a rating of Underweight and set a new price target of $26.00 from $24.00 previously
Barclays reiterated coverage of Albertsons Companies with a rating of Equal-Weight and set a new price target of $32.00 from $30.00 previously
Telsey Advisory Group reiterated coverage of Albertsons Companies with a rating of Outperform and set a new price target of $37.00 from $35.00 previously