Kroger CEO Rodney McMullen testifies about the proposed massive grocery store merger with Albertsons at a Senate Judiciary Committee Competition Policy, Antitrust, and Consumer Rights Subcommittee hearing on Capitol Hill in Washington, November 29, 2022.Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024 instead of early this year. Ongoing discussions with federal regulators delayed the deal's close, the companies said i ...

Albertsons Companies is setting its sights on convenient meal occasions with the launch of ready-to-cook meals, a move that comes as grocers increasingly look to gain share of consumers’ food spending from restaurants.The grocery giant, which has more than 2,200 stores across the country, announced Thursday (Jan. 11) the launch of its new private-label frozen food offerings, dubbed Signature Select Mix + Match, including a range of dishes that all cook in the oven at the same temperature for roughly the sam ...

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) today announced the launch of its newest Own Brand innovation, the Signature SELECT Mix + Match meal solution. Designed to save customers time both in the store and in the kitchen, this new line of frozen entrees, sides and veggies cook together in one standard oven at 375 degrees for about 35 minutes. Available now at 1,900 Albertsons Cos. stores including Albertsons, Safeway, Vons, Jewel-Osco, ACME and Shaw’s, this customizable meal sol ...

Albertsons Companies, Inc. (ACI) reported third-quarter fiscal 2023 results, wherein both the top and bottom lines beat their respective Zacks Consensus Estimate. While the top line increased, the bottom line decreased year over year.ACI has demonstrated a strong commitment to enhancing operational excellence in stores, expanding its digital and pharmacy operations, and deepening customer relationships. This approach has been its pivotal strategy.In the fiscal third quarter, the company continued to focus o ...

LAS VEGAS, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Albertsons Media Collective, the retail media arm for Albertsons Companies, Inc. (NYSE:ACI), and leading business and technology transformation company Capgemini, today announced a new agreement for media planning, media operations and content creation. As its global business partner, Albertsons Media Collective will leverage Capgemini's intelligent process automation technology, underpinned by robotic process automation (RPA) and generative artificial intelligen ...

Albertsons Companies, Inc. (ACI) reported $18.56 billion in revenue for the quarter ended November 2023, representing a year-over-year increase of 2.2%. EPS of $0.79 for the same period compares to $0.87 a year ago.The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $18.27 billion. With the consensus EPS estimate being $0.66, the EPS surprise was +19.70%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Shares of Albertsons Companies Inc. ACI, -0.22% dropped 0.7% in premarket trading Tuesday, after the grocery-store chain reported fiscal third-quarter profit and sales that exceeded expectations but saw a drop in gross margins. Albertsons, which is in the process of being acquired by Kroger Co. KR, -0.17%, said net income for the quarter to Dec. 2 was $361.4 million, or 62 cents a share, after income of $375.5 million, or 20 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earn ...

Financial Performance - Net sales for the 12 weeks ended December 2, 2023, were $18,557.3 million, an increase from $18,154.9 million for the same period in 2022, representing a growth of 2.2%[9] - Gross margin for the 12 weeks ended December 2, 2023, was $5,197.3 million, compared to $5,121.7 million in the prior year, reflecting an increase of 1.5%[9] - Operating income for the 12 weeks ended December 2, 2023, was $566.1 million, a decrease from $582.4 million in the same period last year, indicating a decline of 2.2%[9] - Net income for the 12 weeks ended December 2, 2023, was $361.4 million, down from $375.5 million in the prior year, representing a decrease of 3.5%[9] - Basic net income per Class A common share for the 12 weeks ended December 2, 2023, was $0.63, compared to $0.20 in the same period last year[9] Assets and Liabilities - Total assets as of December 2, 2023, were $26,496.5 million, an increase from $26,168.2 million as of February 25, 2023[6] - Total liabilities as of December 2, 2023, were $22,019.3 million, compared to $21,200.5 million as of February 25, 2023, reflecting an increase of 3.8%[6] - Total stockholders' equity as of December 2, 2023, was $2,527.3 million, an increase from $2,216.6 million[15] - The company had $4.5 million in restricted cash as of December 2, 2023, down from $8.0 million as of February 25, 2023[22] Cash Flow and Investments - Cash flows from operating activities for the 40 weeks ended December 2, 2023, were $1,045.5 million, compared to $1,202.4 million for the same period in 2022, indicating a decrease of 13.1%[9] - Net cash provided by operating activities decreased to $1,730.8 million from $2,072.0 million, reflecting a decline of 16.5%[12] - Net cash used in investing activities was $1,328.8 million, down from $1,478.7 million, indicating a reduction of 10.1%[12] - Cash and cash equivalents at the end of the period were $227.2 million, a substantial decrease from $4,420.3 million at the end of the previous year[12] Debt and Interest - Interest expense for the 12 weeks ended December 2, 2023, was $116.3 million, an increase from $84.3 million in the same period last year, reflecting a rise of 38%[9] - The fair value of total debt as of December 2, 2023, was $7,841.7 million, compared to a carrying value of $8,134.3 million, reflecting a decrease in fair value[50] - As of December 2, 2023, total debt decreased to $8,534.8 million from $8,910.1 million as of February 25, 2023, representing a reduction of approximately 4.2%[53] Taxation - The effective tax rate for the 12 weeks ended December 2, 2023, was 20.8%, down from 24.4% for the same period in 2022, primarily due to an increase in federal tax credits[29] - For the 40 weeks ended December 2, 2023, the company reported an effective tax rate of 17.9%, compared to 24.1% for the same period in 2022[30] Legal Matters - The company is involved in ongoing litigation related to the False Claims Act, with potential damages exceeding $100 million before trebling and excluding penalties[68] - The company has recorded an estimated liability for ongoing legal matters, although management believes that the aggregate estimated liabilities are reasonable[62] - The Company recorded a liability of $21.5 million for settlements related to opioid litigation in New Mexico and Nevada, which was paid by insurers in Q4 of fiscal 2022[73] Sales Performance - Pharmacy sales increased to $2,282.8 million for the 12 weeks ended December 2, 2023, compared to $1,724.4 million in the same period last year, representing a growth of 32.4%[35] - Non-perishable product sales accounted for 49.8% of total revenue for the 12 weeks ended December 2, 2023, slightly down from 51.0% in the same period last year[35] - Fresh product sales represented 30.8% of total revenue for the 12 weeks ended December 2, 2023, compared to 31.7% in the prior year[35] Merger and Acquisition Activities - The merger agreement with Kroger includes a cash consideration of $34.10 per share, reduced by a special cash dividend of $6.85 per share[38] - The company and Kroger announced a definitive agreement for the sale of select stores and distribution centers to C&S Wholesale Grocers, LLC[42] Stockholder Information - The company declared cash dividends of $0.12 per common share, totaling $69.0 million for the period[15] - The company reported a basic net income of $361.4 million for the 12 weeks ended December 2, 2023, resulting in a basic net income per Class A common share of $0.63[86] - The diluted net income per Class A common share for the 12 weeks ended December 2, 2023, was $0.62, with a net income allocated to Class A common stockholders of $361.4 million[86] Operational Metrics - The company operated 2,271 stores as of December 2, 2023, with a total retail square footage of 112.9 million[106][107] - The company has 1,726 pharmacies and 1,332 in-store branded coffee shops as of December 2, 2023[98] - Identical sales increased by 2.9% in the third quarter of fiscal 2023[104] - Digital sales surged by 21% compared to the previous year[104] Other Comprehensive Income - The ending balance of accumulated other comprehensive income (AOCI) was $68.7 million as of December 2, 2023[80] - The Company has recorded a total comprehensive income of $68.7 million for the 40 weeks ended December 2, 2023[79] Accounting and Reporting - The company is currently evaluating the impact of recently issued accounting standards on its consolidated financial statements[36][37] - Fair value measurements are categorized into a three-level hierarchy based on the transparency of inputs[44]

Core Insights - Albertsons Companies has launched its 2nd Annual Innovation Launchpad competition to discover emerging brands in food, beverage, and pet products [1][2] - The competition invites independent specialty and natural food brands with net retail sales between $2 million and $8 million to apply [1] - The event will take place at the Natural Products Expo West in California, with the award ceremony scheduled for March 13 [1] Competition Details - Last year, the competition attracted over 900 applicants, with 47 selected to present their products [2] - The three grand prize winners from the previous year received prizes valued at $170,000 each, including cash and industry recognition [2] - This year's top brands will be considered for distribution in various Albertsons banner stores [2] Application Process - Applications for the competition are open until January 19 [3] - Interested brands can find more information and apply through the designated website [3] Company Overview - Albertsons Companies operates 2,272 retail food and drug stores across 34 states and the District of Columbia [4] - The company runs 1,726 pharmacies, 401 associated fuel centers, and 22 dedicated distribution centers [4] - In 2022, Albertsons contributed over $200 million in food and financial support to communities [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 9, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39350 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other ...