Albertsons Companies

Albertsons Cos., Inc. engages in the operation of food and drug retail stores. It offers grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. The company was founded by Joe Albertson on July 21, 1939 and is headquartered in Boise, ID.

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Albertsons reports Q3 growth, plans $1.5B savings for expansion

Albertsons Companies showcased solid financial performance with growth in sales and profitability metrics.
The company's strategic focus on digital innovation, cost savings, and customer-centric initiatives positions it well for future growth.
Despite challenges like inflation and changing consumer behavior, Albertsons remains committed to value creation and operational excellence.

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The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders.

State attorneys general sue to block Albertsons' $4 billion dividend payout

The attorneys general of Washington D.C., California and Illinois will file a lawsuit in a federal court seeking to block grocer Albertsons $4 billion dividend payout to shareholders on Wednesday, a source familiar with the matter said.

EXCLUSIVE Three attorneys general to file lawsuit blocking Albertsons $4 billion payout- source

Kroger

A combination of the two biggest supermarket operators in the U.S. is prompting elected officials to question how the deal could impact jobs, prices and competition.

Kroger-Albertsons Merger Draws Questions from Politicians, Workers

The roughly $25 billion planned merger of Kroger and Albertsons, unveiled in October with much fanfare, promised a new entity that would “serve America with fresh, affordable food.”

Kroger and Albertsons say their merger will help lower prices for struggling consumers. Not everyone is convinced.

Washington State Attorney General Bob Ferguson filed a lawsuit on Tuesday to block grocery chain Albertsons Cos Inc from paying dividends to shareholders before closure of its proposed merger with supermarket operator Kroger Co.

Washington state sues to block Albertsons' $4 bln payout to shareholders

Several attorneys general sent a letter to Albertsons and Kroger, asking the former to hold off on a special dividend until they review the proposed merger.

Albertsons asked by state AGs to delay distribution of special dividend

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies announced it is introducing time and money-saving solutions for pet parents.

Albertsons Companies Supports Pet Parents with Money-Saving Prescriptions and Health Care Services to Sustain Fur-ever Homes

The Federal Trade Commission has an antiquated concept of how business operates and may step in to prevent grocery giant Kroger from buying rival Albertsons.

When grocery giants merge, consumers benefit

Why Albertsons Stock Tumbled Today

Thousands of unionized retail workers from the U.S. Mid-Atlantic to the West Coast are lobbying regulators and lawmakers as part of a broader effort to nix the $25 billion merger between supermarket operators Kroger and Albertsons.

Kroger-Albertsons tie-up spurs union lobbying to stop merger

Authorities who scrutinized other grocery deals tended to examine local market share in specific geographic regions.

Kroger-Albertsons Antitrust Review Likely to Focus on Local Store Overlap

The U.S. Senate has warned it plans to hold a hearing about their competition concerns over the proposed Kroger and Albertsons merger deal.

Kroger-Albertsons To Form SpinCo As Senators Raise Merger Fears

Albertsons' (ACI) second-quarter results reflect enhanced digital and omnichannel capabilities as well as efforts to boost productivity.

Albertsons (ACI) Q2 Earnings Top Estimates, Identical Sales Up

The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in Albertsons Companies, Inc. (ACI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Albertsons Companies, Inc. (ACI) Have the Potential to Rally 29% as Wall Street Analysts Expect?

The Boise, Idaho, grocery store posts quarterly adjusted earnings of 72 cents a share, topping estimates for 65 cents.

Albertsons Stock Rises After Trumping Estimates. Kroger Stock Gains Too.

The company saw an 8.5% rise in revenue in its recently completed quarter amid higher grocery prices. The results come just days after rival Kroger said it would buy Albertsons.

Albertsons Sales Rise Nearly 9% on Higher Prices

Shares of Albertsons Companies Inc. ACI, +0.84% rose 1.0% in premarket trading Tuesday, after the grocery chain, which has agreed to be acquired by Kroger Co. KR, -2.43% , reported fiscal second-quarter profit and sales that rose above expectations, even as gross margin decreased. Net income for the quarter to Sept.

Albertsons stock gains after profit, sales rise above expectations

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2022, which ended September 10, 2022.

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2022 Results

Kroger (KR) and Albertsons Companies to unite into a giant US grocery firm. The consolidated company will deliver fresh and affordable food.

Kroger (KR), Albertsons to Merge Into a Grocery Bellwether

Kroger Co and Albertsons Cos Inc are willing to divest up to 650 supermarket stores to secure regulatory clearance for their $24.6 billion deal, but if they cannot find buyers they have an unusual spin-off structure up their sleeves.

Analysis: Kroger, Albertsons spin-off is extra ammunition in regulatory battle

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Walmart

Kroger (KR) agreed to buy smaller rival Albertsons (ACI) for $24.6 billion. If completed, the buyout would create one of the largest grocery store chains in the United States.

Kroger to Become Grocery Superchain: ETFs to Tap

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) will release its financial results for the second quarter of fiscal 2022 on Tuesday, Oct. 18, 2022.

Albertsons Companies to Announce Second Quarter Fiscal 2022 Earnings on October 18, 2022

Despite the potential benefits, the proposed Kroger/Albertsons merger faces regulatory scrutiny. Is now the time to invest in either of the two companies

Should Investors Look to Bag Shares of Kroger's or Albertson's?

The premium being paid by Kroger (KR) for the company's merger values ACI closer to its 52-week highs and could eventually give the stock another short-term catalyst. With or without the merger, ACI stock may be worth investors' consideration as its growth outlook has become more intriguing.

Albertsons Earning Preview: Buy ACI Stock Before Possible Kroger Merger?

Grocery giant Kroger Co. is pausing share buybacks ahead of its planned acquisition of rival Albertsons Cos. Inc., aiming to use the additional cash to reduce its debt as it closes one of the biggest deals in U.S. grocery-industry history.

News for Albertsons Companies Stock (ACI)