Key TakeawaysAlbertsons and Kroger will sell off more locations as they try to win regulatory approval for Kroger's $24.6 billion takeover of Albertsons.The revised divestiture agreement with C&S Wholesale Grocers comes after the Federal Trade Commission (FTC) ruled the initial plan was inadequate.Albertsons also reported fourth-quarter earnings that beat forecasts, although revenue fell short of estimates. Albertsons (ACI) shares declined in intraday trading Monday as the supermarket chain and Kroger (KR) ...

Albertsons Companies, Inc. (ACI) reported $18.34 billion in revenue for the quarter ended February 2024, representing a year-over-year increase of 0.4%. EPS of $0.54 for the same period compares to $0.79 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $18.4 billion, representing a surprise of -0.33%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.54.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Key PointsAlbertsons reported mixed results with better-than-expected earnings, highlighting its value. The stock has a relatively high yield, paying 2.35%, compared to Kroger, which yields less.An updated merger agreement may be enough to get the merger deal through, but it doesn't matter; Albertsons is a good buy. 5 stocks we like better than Albertsons CompaniesAlbertson’s Companies NYSE: ACI proposed takeover by Kroger NYSE: KR may or may not go through, but it doesn’t matter. Either way, this stock is ...

Albertsons Companies Inc (NYSE: ACI) is trading down in premarket on Monday even though it reported better-than-expected financial results for its fiscal fourth quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Albertsons stock down today?Copy link to sectionThe price action is interesting also because the retail chain saw its digital sales went up 24% on a year-over-year basis in Q4.  Albertsons ended the quarter with 39.8 million loyal ...

Store Operations and Market Position - Albertsons operates 2,269 stores across 34 states and the District of Columbia as of February 24, 2024[26] - The company operates 1,725 pharmacies, 1,336 in-store branded coffee shops, and 402 adjacent fuel centers[26] - Albertsons holds a 1 or 2 market share position in 70% of the 121 metropolitan statistical areas (MSAs) it operates in[26] - Albertsons Media Collective (AMC) leverages a strong market share, holding a 1 or 2 position in 70% of MSAs[37] Own Brands and Manufacturing - Own Brands sales reached $16.5 billion in fiscal 2023, offering over 14,000 unique items[30] - 10.1% of the company's Own Brands products were manufactured in company-owned facilities in fiscal 2023, with the remainder sourced from third parties[31] - The company operates 19 food production plants, including 7 milk plants, 3 soft drink bottling plants, and 3 bakery plants as of February 24, 2024[31] Distribution and Supply Chain - The company has 22 dedicated distribution centers and 19 manufacturing facilities[26] - 22 distribution centers are strategically located, with approximately 36% owned or ground-leased, collectively providing 63% of products to retail operating areas[33] Digital and Delivery Services - The company offers Drive Up & Go curbside pickup service in more than 2,200 locations and delivery services across more than 2,100 stores[26] - Albertsons partners with Instacart, DoorDash, and Uber for third-party delivery services[26] Financial Performance and Metrics - The company's EBITDA and Adjusted EBITDA are key non-GAAP financial measures used for performance evaluation[21] - The company defines Adjusted EBITDA as earnings before interest, taxes, depreciation, and amortization, adjusted for items not considered in core performance assessment[21] - Albertsons' fiscal years consist of 52 weeks, with fiscal 2023 ending on February 24, 2024, and fiscal 2024 ending on February 22, 2025[7] Loyalty Program and Customer Engagement - The loyalty program has 39.8 million members, driving higher sales and customer retention[36] - The company's loyalty program leverages data-driven analytics to provide personalized deals, digital coupons, and gas and grocery rewards[36] Sustainability and Environmental Initiatives - In fiscal 2023, the company recycled over 865 million pounds of cardboard and 25 million pounds of plastic bags and film, completing over 500 energy efficiency projects[40] Workforce and Employee Engagement - The company serves 35.3 million customers weekly and employs approximately 285,000 associates, with 62% being part-time and 200,000 covered by collective bargaining agreements[41] - Over 61,000 associates celebrated at least 15 years of service, and more than 44,000 celebrated over 20 years of service in fiscal 2023[41] - The company's DEI&B initiatives include 7,000 members across associate resource groups (ARGs), with the addition of the Women of Color (WOC) Alliance in fiscal 2023[43] Leadership and Executive Team - Evan Rainwater has served as Executive Vice President, Supply Chain, Manufacturing and Strategic Sourcing since March 2020 and Senior Vice President, Supply Manufacturing since May 2019[60] - Jennifer Saenz has served as Executive Vice President, Pharmacy & eCommerce since April 2024 and Chief Merchandising Officer since July 2021[60] - Jennifer Saenz previously served as Global Chief Marketing Officer for PepsiCo from October 2019 to July 2021[60] - Michael Theilmann has served as Executive Vice President and Chief Human Resources Officer since August 2019[61] - Michael Theilmann previously served as Global Practice Managing Partner, Human Resources at Heidrick & Struggles International Incorporated from February 2018 to August 2019[63] Risks and Challenges - Albertsons faces risks related to the Merger, including potential delays or failure to complete the transaction[12] - Albertsons faces risks related to the Merger, including potential delays or failure to complete the transaction and restrictions on business activities while the Merger Agreement is in effect[12] - The company operates in a highly competitive environment with intense competition from supercenters, online retailers, and other food and drug retailers[51] Supplier and Sourcing Strategy - The company is not dependent on any single supplier, with only one third-party supplier representing more than 5% of sales in fiscal 2023[29]

Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results Boise, ID - April 22, 2024 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, ...

Albertsons Companies, Inc. (ACI) is likely to register a marginal increase in the top line when it reports fourth-quarter fiscal 2023 results on Apr 22 before market open. The Zacks Consensus Estimate for revenues is pegged at $18,417 million, which indicates growth of 0.8% from the prior-year reported figure.The bottom line of this operator of membership warehouse clubs is expected to decrease year over year. The Zacks Consensus Estimate for fourth-quarter earnings per share has been stable at 54 cents ove ...

The lawsuit filed by the Biden administration's Federal Trade Commission (FTC) to block the proposed $24.6 billion merger between Kroger and Albertsons has kick-started a debate over whether the tie-up would undermine competition, as the agency contends, or if it would be beneficial for consumers. The deal would see Kroger acquire Albertsons and its subsidiaries to position the supermarkets to better compete with big-box retailers like Walmart and Costco. Kroger has said that no stores would close due to th ...

LOS ANGELES, CA - OCTOBER 14: A shopper visits Albertsons at 3901 Crenshaw Blvd on Friday, Oct. 14, ... [+] 2022 in Los Angeles, CA. Kroger, that parent company of Ralphs, plans to buy Albertsons, parent company of Vons, in a deal valued at $24.6 billion, a merger that would combine the two largest grocery-store chains in the U.S. (Jason Armond / Los Angeles Times via Getty Images)Los Angeles Times via Getty ImagesKroger and Albertsons ACI , two of the nation’s largest supermarket chains agreed to merge in ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...