Kroger And Albertsons Agree To Delay Deal For September Trial; Colorado Judge Temporarily Halts $25B Merger As Colorado AG Sues To Block It
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/21/2024 | $24.00 | Hold → Buy | Melius | |
| 10/18/2024 | $56.00 | Neutral | Exane BNP Paribas | |
| 10/18/2024 | $22.00 → $23.00 | Equal Weight → Overweight | Wells Fargo | |
| 6/18/2024 | $58.00 → $60.00 | Market Perform → Outperform | BMO Capital Markets | |
| 4/23/2024 | $24.00 | Neutral → Buy | ROTH MKM | |
| 4/16/2024 | $58.00 → $65.00 | Equal Weight → Overweight | Wells Fargo | |
| 4/8/2024 | $48.00 | Neutral → Underperform | Exane BNP Paribas | |
| 3/28/2024 | $60.00 → $62.00 | 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
Melius upgraded Albertsons from Hold to Buy and set a new price target of $24.00
Exane BNP Paribas initiated coverage of Kroger with a rating of Neutral and set a new price target of $56.00
Wells Fargo upgraded Albertsons from Equal Weight to Overweight and set a new price target of $23.00 from $22.00 previously
SC 13G/A - Albertsons Companies, Inc. (0001646972) (Subject)
SC 13G/A - KROGER CO (0000056873) (Subject)
SC 13G - Albertsons Companies, Inc. (0001646972) (Subject)
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its third quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, December 5, 2024. Kroger's management team will comment on financial and operational results for the third quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, December 5, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated to our
Nourishing Change Conference will convene leaders across healthcare sectors for innovative dialogue and engagement on nutrition security, care delivery, community and mental well-being CINCINNATI, Oct. 18, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), today announced the Nourishing Change Conference, an inclusive summit on the future of health and wellbeing in America, will occur May 13 - 15, 2025 in Cincinnati, Ohio. This groundbreaking event is designed to explore the transformative power of nutrition, consumer product goods, technology, pharmacy, clinic, retail and other health interventions that can improve the holistic health of individuals and
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today reported results for the second quarter of fiscal 2024, which ended September 7, 2024. Second Quarter of Fiscal 2024 Highlights Identical sales increased 2.5% Digital sales increased 24% Loyalty members increased 15% to 43.0 million Net income of $146 million, or $0.25 per share Adjusted net income of $301 million, or $0.51 per share Adjusted EBITDA of $901 million "In the second quarter of fiscal 2024, investments in our Customers for Life strategy continued to drive strong growth in our digital sales and pharmacy operations," said Vivek Sankaran, CEO. "We also drove strong year-over-year growth in our loyalty membe
Retailer drops price on zero-compromise shopping guide for the third year; more than $800 in savings available on holiday staples CINCINNATI, Nov. 14, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today shared its zero-compromise Freshgiving meal offering customers a holiday basket that includes all the staples for less than $4.85 per person—even more affordable than the retailer's turkey day bundle last year. Complete with pumpkin pie, turkey at the center of the plate and plenty of fresh sides, this feast is sure to please. "As families gather together to give thanks and ref
Customers invited to join in and round up purchases; debuts commercial raising awareness around food insecurity CINCINNATI, Sept. 17, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Zero Hunger | Zero Waste Foundation today announced its annual Hunger Action Month campaign, directing all funds raised in Kroger Family of Stores during the month of September to the Feeding America network of food banks in our communities. Customers can round up their purchase to the nearest dollar in their neighborhood store to help neighbors struggling with hunger. Hunger Action Month is an an
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
8-K - KROGER CO (0000056873) (Filer)
8-K - KROGER CO (0000056873) (Filer)
8-K - KROGER CO (0000056873) (Filer)
CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its third quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, December 5, 2024. Kroger's management team will comment on financial and operational results for the third quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, December 5, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated to our
CINCINNATI, Nov. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced Kroger's senior vice president and chief people officer Tim Massa's induction to the National Academy of Human Resources (NAHR) as a fellow. NAHR fellows are recognized for their sustained achievements and contributions to their organizations, the HR profession and society at large. "We are extremely fortunate to have Tim Massa leading our associates, ensuring our teams enjoy a culture of opportunity, growth and careers with purpose," said Rodney McMullen, CEO of Kroger. "Tim leads by example, b
CINCINNATI, Nov. 19, 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 (collectiv