Albertsons profit beat overshadows a sales miss as it readies to go it alone
- Albertsons Cos. Inc.'s stock rose 3.6% early Wednesday, after the grocery chain beat profit estimates for its fiscal third quarter, offsetting a small revenue miss.
- 01/08/2025
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Albertsons misses quarterly sales estimates
- Albertsons missed third-quarter sales expectations on Wednesday, as intense competition from bigger retailers such as Walmart and Kroger offering heavy discounts and promotions hurt demand.
- 01/08/2025
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Albertsons Companies, Inc. Reports Third Quarter Fiscal 2024 Results
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. today reported results for the third quarter of fiscal 2024, which ended November 30, 2024.
- 01/08/2025
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Albertsons Companies Announces Common Stock Dividend
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. announced its Board of Directors has declared a cash dividend for the fourth quarter of $0.15 per share of common stock.
- 01/08/2025
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What Analysts Think of Albertsons Stock Ahead of Earnings
- Albertsons (ACI) is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's proposed merger with Kroger (KR) fell apart last month after months of legal challenges.
- 01/06/2025
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Cramer's week ahead: nonfarm payrolls, PMI and earnings from Albertsons
- CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers' index, as well as earnings from grocery giant Albertsons. "It's a light week, but still impactful.
- 01/03/2025
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Insights Into Albertsons Companies (ACI) Q3: Wall Street Projections for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Albertsons Companies (ACI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2024.
- 01/03/2025
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4 Consumer Product Stocks Gaining Attention Amid Industry Momentum
- The Zacks Consumer Products - Staples industry participants thrive on innovation and digital growth, catering to evolving consumer preferences. Solid saving efforts keep KMB, CLX, ACI and OLLI well-placed amid cost challenges.
- 01/02/2025
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ACI vs. CLX: Which Stock Should Value Investors Buy Now?
- Investors looking for stocks in the Consumer Products - Staples sector might want to consider either Albertsons Companies, Inc. (ACI) or Clorox (CLX). But which of these two stocks offers value investors a better bang for their buck right now?
- 12/31/2024
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Is Albertsons Companies (ACI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/31/2024
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Final Trade: ACI, GS, UBER
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 12/27/2024
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Skip the Costco Trip, These 10 Stores Have Amazing Bulk Deals
- While Costco might be widely considered the best retail destination for bulk shopping, it’s far from the only place consumers can find items in bulk. Rest assured that Costco’s competitors are everywhere, and many specifically target its pricing and selection to win new customers over. Key Points While Costco might be the most popular bulk shopping location, it’s not the only one. Sam’s Club and BJ’s are both looking to steal Costco’s market share. Walmart and Target also have great deals on bulk items, especially online. Also: Discover “The Next NVIDIA” When you think about Costco, you think about electronics, televisions, samples, bulk toilet paper, bulk vitamins, and more. For most people, buying in bulk is all about saving, but the reality is that this feeling isn’t something you can only find at Costco but at numerous other retailers as well. 10. Albertsons Locations: 2,271 Known for: Locally grown produce, specialty meats, fresh fish, lots of cheese Best things to buy: The Albertson’s selection of cheese is second to none The Cheese Superstore Known for its large assortment of cheeses, Albertsons offers any number of bulk shopping items. Its selection doesn’t quite match Costco’s, but its prices sure do, and with a higher quality standard as well. Among its bulk specialties, Albertson’s excels with a meat and seafood selection, frozen foods, baby care, personal care, and cleaning and home products. Of course, don’t forget all the bulk cookies and snacks you hope to buy in one purchase. 9. Staples Locations: 994 Known for: Being a one-stop shop for office products Best things to buy: Office products, printers, chairs, computers The Office Superstore If you’re looking for an office superstore where you can bulk buy everything from staplers to printer paper, you can find it all at Staples. While Costco isn’t an office supply store, it does have the most common items you would find that Staples carries for far less. Staples is the best place for writing supplies, office basics, folders & filing, desk organizers, and many storage and organization items. 8. AllBulkFoods Locations: 0 Known for: Buying everything in bulk, being online only Best things to buy: Baking, cooking products, candy, chocolate, nuts, organic snacks Dedicated Bulk Seller Relatively unknown to other names, AllBulkFoods is one of the best destinations for bulk everything. The company is proud to sell products by the “inner-pack, case, pallet, and a truckload” if that’s what everyone would like. The company makes a big sticking point that it’s an ideal shopping solution for weddings, family gatherings, holiday get-togethers, or just having friends who love to shop and enjoy a ton of bulk candy. 7. Amazon Locations: 0 Known for: A one-stop shop for everything in your life across any variety of products Best things to buy: Bulk everything like toilet paper, plasticware, food The Online Giant While it doesn’t have a physical presence with its bulk items, it’s hard to ignore just how many items you can buy in bulk on Amazon. When it comes to something like toilet paper, the sheer selection of bulk options you have is incredible. Do you need 90 or 108 toilet paper rolls in a single order? How about 360 plastic spoons? You can grab those on Amazon, too, with two-day delivery at a price that’s less than Costco. 6. Dollar Tree Locations: 15,288 Known for: Being an inexpensive variety discount store that operates in 48 states and Canada Best things to buy: Frozen foods, milk, eggs, pizza, ice cream One Dollar Goodness Dollar Tree is one of the best-known dollar stores in the country, famous for its variety of products. You can find almost anything at Dollar Tree, from private-label brands to food, dinnerware, glassware, snacks, party decorations, and more. This store is unique because you aren’t necessarily buying bulk items, but you can buy in bulk and spend less than you would at a store like Costco. 5. Winco Locations: 138 Known for: Being privately owned by employees as a no-frills warehouse-style Best things to buy: Groceries, bulk food Bulk Food Grocery The least-known name on this list, Winco Foods, is famous for being a bulk food destination. The family-style employee-owned grocery store offers a giant selection of bulk food items that would impress even the most die-hard Costco customer. Best of all, Winco has some of the best prices on dry and canned goods you can’t find anywhere else. Winco hopes to continue expanding into other markets so it can bring its bulk shopping selection to other states. 4. Target Locations: 1,956 Known for: Quality clothing, big electronics section, household goods, bedding, kitchen Best things to buy: Groceries, kids clothing, bulk items like toilet paper Bulky Bullseye Like Walmart, you might not think of Target in the same light as Costco for bulk purchases, but Target wants you to believe otherwise. This is especially true for bulk items in the household essentials category. Target is full of bulk laundry care products, Clorox wipes, trash bags, and more rolls of bulk toilet paper than you ever truly need to purchase at once. You can save 5% on every Target RedCard purchase, and no membership fee is required. 3. Walmart Locations: 10,586 Known for: Low-priced shopping, being a one-stop shop for everything in your life Best things to buy: Groceries, clothes, electronics, healthcare, medicine Big Bulk Section It’s okay if you don’t think of Walmart as a big bulk store similar to Costco, but Walmart is here to prove you wrong. Walmart’s website has an entire section dedicated to its bulk items, including hundreds of food items with significantly larger packaging that you would otherwise normally buy at Walmart. This includes bulk granola bars, pasta, rice, snacks, candy, chicken, chocolate, and more. 2. BJ’s Locations: 266 Known for: Saving up to 25% on groceries compared to traditional supermarket Best things to buy: Home decor, toys, electronics, groceries The Wholesale Club Touting the idea that you can save up to 25% on groceries compared to a traditional grocer, BJ’s makes a compelling argument over Costco. Better yet, you have the Wellsley Farms and Berkely Jensen brands, which not only rival Costco’s beloved Kirkland brand but, in many ways, beat it on price. Fill your cart with bulk deals at BJ’s and then use ExpressPay to scan products through a mobile pay and skip the checkout line. 1. Sam’s Club Locations: 599 Known for: Bulk items, low prices, no-frills shopping Best things to buy: Groceries, electronics, toilet paper, paper towels, medicine The “Other” Costco Walmart’s “Other” Location Widely considered Costco’s biggest competitor, Sam’s Club is widely known for its outstanding prices and benefits. Not only does Sam’s Club generally have a less expensive membership cost, but members of both clubs often rave about Sam’s Club discounts on beef, chicken, and alcohol, as well as having some name brands that Costco doesn’t offer in favor of its Kirkland branding. Travel Cards Are Getting Too Good To Ignore Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks. We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year. It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look. We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.The post Skip the Costco Trip, These 10 Stores Have Amazing Bulk Deals appeared first on 24/7 Wall St..
- 12/26/2024
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Albertsons Companies Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Date
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release financial results for the third quarter of fiscal 2024 before the market opens on Wednesday, Jan. 8, 2025.
- 12/23/2024
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Food Fight With Kroger Spells Trouble for Albertsons
- Albertsons faces daunting challenges as a stand-alone company.
- 12/17/2024
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Kroger Vs. Albertsons: Which Stock Is The Best Bet After The Merger Breakup?
- Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very undervalued. Kroger has its merits as well, and is also undervalued and in a much better financial position on the balance sheet than Albertsons.
- 12/12/2024
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Kroger (KR) Vs Albertsons (ACI): Which is the Better Stock After Merger Gets Denied
- Kroger's (KR) proposed acquisition of Albertsons (ACI) was officially blocked this week after federal judges ruled that the merger would violate consumer protection laws and reduce competition.
- 12/12/2024
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Kroger's stock is on pace to close at record high as Albertsons deal dies. It faces these questions ahead.
- Free from the financial burdens of trying to buy rival Albertsons, shares of supermarket giant Kroger were sitting at new highs on Thursday.
- 12/12/2024
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Albertsons is now suing Kroger for billions. That won't help it find another buyer, analysts say.
- Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.
- 12/11/2024
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Kroger's Deal to Acquire Albertsons Comes to a Halt: What's Next?
- The U.S. District Judge blocks KR's deal to acquire Albertsons Companies as it might cut competition for U.S. grocery shoppers.
- 12/11/2024
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Will Bulls Continue to Run? 5 Stock Market Predictions for 2025
- Wall Street is notoriously unpredictable. However, predicting the next year can be a fun exercise.
- 12/11/2024
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Albertsons sues Kroger, terminates deal after federal judge blocks massive grocery merger
- Albertsons terminated the merger and blamed Kroger for breaching the terms of its agreement.
- 12/11/2024
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Albertsons Takes Kroger to Court After Grocery Merger Collapses
- Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware Court of Chancery, accusing Kroger of breach of contract.
- 12/11/2024
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The Kroger-Albertsons Deal Is Off. Courthouse Drama Could Be Next
- The deal is over. The story isn't.
- 12/11/2024
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Albertsons files lawsuit against Kroger for breach of merger agreement
- CNBC's Sara Eisen reports on news regarding two large grocery store operators.
- 12/11/2024
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Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal
- Albertsons' lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.
- 12/11/2024
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Albertsons Sues Kroger After Judge Blocks $25 Billion Merger
- Grocery store chain Albertsons formally terminated nearly $25 billion merger agreement with rival Kroger on Wednesday, a day after a federal judge blocked the deal—with Albertsons filing a lawsuit accusing Kroger of failing to win regulatory approval for the agreement.
- 12/11/2024
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Albertsons sues Kroger after judge rules against grocery merger
- Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger. Albertsons filed a lawsuit against its fellow supermarket operator, saying Kroger violated its contract and didn't follow through on commitments to help get the deal approved.
- 12/11/2024
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Albertsons terminates $25 billion merger with Kroger after regulatory hurdle
- Albertsons on Wednesday terminated its $25 billion merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal.
- 12/11/2024
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Kroger, Albertsons could turn to ad business as deal termination looms, analysts say
- After a federal court blocked the $25 billion Kroger -Albertsons merger, the two supermarket rivals could turn to fast-growing and profitable advertising ventures to tackle competition and grow, analysts said.
- 12/11/2024
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Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
- Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The judge agreed with the FTC that the merger would weaken competition for US grocery shoppers.
- 12/10/2024
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Kroger-Albertsons Merger Blocked by Court
- The ruling hands a victory to Biden antitrust enforcers, who said the $20 billion supermarket merger would erode competition and raise prices for consumers.
- 12/10/2024
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US judge blocks $25m Kroger-Albertsons grocery chain merger
- Judge sides with FTC that merger would lead to higher prices and less bargaining leverage for union workers
- 12/10/2024
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Judge Blocks Kroger Takeover of Albertsons
- Bloomberg Intelligence senior antitrust litigation analyst Jennifer Rie breaks down why a US district judge blocked Kroger's $24.6 billion takeover of Albertsons. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
- 12/10/2024
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Kroger's $25B deal to buy grocery rival Albertsons blocked by federal judge in win for Biden administration
- The companies argued at trial that they needed to merge to compete with global conglomerates such as Walmart and Amazon.
- 12/10/2024
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Federal judge temporarily blocks Kroger's $25 billion merger with Albertsons
- A U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission (FTC) in a win for the Biden administration.
- 12/10/2024
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Federal judge blocks Kroger's $25B acquisition of Albertsons
- A federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
- 12/10/2024
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Reports: Federal judge blocks $24.6B Albertson's deal
- CNBC's Julia Boorstin joins 'Closing Bell' with the latest details about Kroger.
- 12/10/2024
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Federal judge blocks Kroger-Albertsons merger
- A federal judge has blocked supermarket chain Kroger Co.'s merger deal with rival Albertsons Cos., saying it would stifle competition, Bloomberg reported on Tuesday.
- 12/10/2024
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US court blocks Kroger's $25 billion acquisition of grocery rival Albertsons
- A U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger KR.N and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission in a win for the Biden administration.
- 12/10/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Dec. 6, 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.
- 12/06/2024
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Kroger earnings: Why the Albertsons deal could be in trouble
- Kroger (KR) reported mixed third quarter results, with revenue falling short of Wall Street estimates. The big question for investors remains: Will the company's merger with Albertsons (ACI) be approved?
- 12/05/2024
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Kroger CEO on the Albertsons merger, customers capacity to spend
- Rodney McMullen, Kroger chairman and CEO, joins 'Money Movers' to discuss McMullen's thoughts on the proposed merger with Albertsons, if there are any regrets about the pursuit of acquisition, and much more.
- 12/05/2024
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3 Ultra-Cheap Dividend Stocks to Buy in December
- If you're concerned about rising valuations in the stock market or just want some reliable income for your portfolio, now may be an optimal time to load on dividend stocks, many of which are looking incredibly cheap. While growth investors have largely looked past dividend stocks this year, the good news is that if you're targeting these types of investments right now, you don't have to look far to find some good deals.
- 12/05/2024
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Kroger upgraded to Buy from Hold at Jefferies
- Jefferies analyst Rob Dickerson upgraded Kroger (KR) to Buy from Hold with a price target of $73, up from $54. BMO Capital downgraded the shares this morning. Jefferies says that if the if the Albertsons (ACI) deal closes, it sees a path to double-digit earnings and 30%-plus free cash flow accretion potential via right-sizing of Albertsons' working capital. If the deal does not close, Kroger keeps $6B of debt it raised for the merger, acting as support for the stock and driving earnings upside via share buybacks, the analyst tells investors in a research note. Concurrently, Kroger's foot traffic trends have been sequentially improving, while its fuel business is structurally more profitable now than pre-pandemic, "an incremental kicker," adds Jefferies. Kroger -0.9 (-1.47%) Albertsons -0.37 (-1.86%)
- 12/03/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Dec. 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.
- 12/02/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Nov. 25, 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.
- 11/25/2024
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Tax Fight With Clarendon Hills Appears Over
- HINSDALE, IL – Hinsdale High School District 86 officials sounded satisfied Thursday with a downsized tax district in Clarendon Hills. For months, the district had opposed a larger tax increment financing district, or TIF. "From where we started with this TIF proposal, this is pretty fantastic news for the district," said District 86 board President Catherine Greenspon. "I would agree it's a pretty significant change from what was originally proposed, so good progress," said Josh Stephenson, District 86's top finance official. On Monday, the Clarendon Hills Village Board unanimously approved the tax district along 55th Street to spur development. In doing so, the village made major concessions to District 86, Hinsdale District 181 and Maercker District 60, all of which criticized the larger district. Under state law, a tax district's growth in property tax income for 23 years would be diverted for use in the district itself, rather than taxing bodies such as schools. Last week, Clarendon Hills publicly unveiled its proposal to send the tax money from most of the properties in the TIF, including Jewel and PNC Bank, to other taxing bodies. But the village would keep the tax district's income from the vacant property that was once the site of Tracy's Tavern, which officials hope to see developed. With the changes, the village's expected TIF budget is down by half, to $12.6 million. "It's come down precipitously," District 86 board member Jeff Waters said. The District 86 board plans to vote next month on an agreement with the village on the tax district. Other local government bodies are expected to do the same.
- 11/25/2024
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ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028
- OMAHA, Neb.--(BUSINESS WIRE)--Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, in partnership with GlobalData, a leading data and analytics company. APP scammers prey on trust by deceiving individuals into willingly transferr.
- 11/20/2024
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Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
- Investors need to pay close attention to Albertsons Companies (ACI) stock based on the movements in the options market lately.
- 11/19/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 11/19/2024
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Zimswitch Taps ACI Worldwide to Protect Zimbabweans from Payment Fraud
- OMAHA, Neb. & HARARE, Zimbabwe--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that Zimswitch, Zimbabwe's national electronic payments switch and a leading payments technology company, has chosen ACI's Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities. Through this implementation, Zimswitch aims to bolster the security of Zimbabwe's digital payment infrastructure an.
- 11/19/2024
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North Texas Food Bank Partners with Tom Thumb / Albertsons and UNT Dallas for Thanksgiving Food Distribution
- With food insecurity rising sharply, the event will provide seasonal items to approximately 500 families. With food insecurity rising sharply, the event will provide seasonal items to approximately 500 families.
- 11/18/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Nov. 13, 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.
- 11/13/2024
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ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended September 30, 2024
- OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, announced financial results today for the quarter ended September 30, 2024. “We are very pleased with our third quarter results and the continued positive momentum in the business. We saw particular strength within our Bank and Merchant segments and are once again raising our full-year outlook,” said Thomas Warsop, president and CEO of ACI Worldwide. “This year the team has done a tr.
- 11/07/2024
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Shares of Companies with Big Merger Plans Jump After Trump Election
- Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of companies hoping to get regulatory approval for their mergers.
- 11/06/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Nov. 6, 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.
- 11/06/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Oct. 31, 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.
- 10/31/2024
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Albertsons Companies, Inc. Announces Changes to Board of Directors
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced that effective October 24, 2024, the Board of Directors (the “Board”) has elected Jim Donald as the sole independent Chair of the Board. Also, effective October 24, 2024, the Board appointed Stephen Feinberg to the Board for the term expiring at the Company's 2025 annual meeting of stockholders. Cerberus Capital Management, L.P. (“CCM” and, along with its affiliates, “Cerberus”) designated Mr.
- 10/28/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Oct. 25, 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.
- 10/25/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Oct. 21, 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.
- 10/21/2024
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ACI Worldwide Study Reveals Real-Time Payments To Boost Global GDP By $285.8 Billion, Create 167 Million New Bank Account Holders By 2028
- OMAHA, Neb.--(BUSINESS WIRE)--Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, in collaboration with The Centre for Economics and Business Research (Cebr). ACI Worldwide's second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40.
- 10/20/2024
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ACI Worldwide, Inc. to Release Financial Results for the Quarter Ended September 30, 2024
- OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced today that it will report its financial results for the third quarter 2024 on Thursday, November 7, 2024. Management will host a conference call at 8:30 a.m. Eastern time to discuss these results. Interested persons may access a real-time teleconference webcast at http://investor.aciworldwide.com/ or use the following number for dial-in participation: toll-free.
- 10/17/2024
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Albertsons Q2 Earnings Beat Estimates, Loyalty Members Rise 15% Y/Y
- ACI's second-quarter fiscal 2024 results highlight year-over-year growth in members and omnichannel shoppers, supporting digital sales.
- 10/16/2024
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Albertsons Companies Remains One Of The Best Risk-To-Reward Prospects In This Market
- Special situations like bankruptcies, spin-offs, and mergers offer unique investment opportunities, with the Albertsons-Kroger merger being a notable example. The Albertsons-Kroger deal, valued at $24.6 billion, faces uncertainty due to anti-competitive concerns, but Albertsons' stock remains undervalued. Despite mixed financial performance, ACI's revenue is growing, and its profit margins are decent, making it a strong buy.
- 10/16/2024
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Albertsons Sees 24% Growth in Digital Sales Amid Expanded Offerings
- Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept.
- 10/15/2024
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Compared to Estimates, Albertsons Companies (ACI) Q2 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Albertsons Companies (ACI) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 10/15/2024
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Albertsons' stock climbs on Q2 earnings and revenue beat
- Albertsons Cos. Inc. shares are up 1% in premarket trades Tuesday after the grocery chain reported better-than expected second-quarter revenue and earnings.
- 10/15/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Oct. 15, 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.
- 10/15/2024
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Albertsons Companies Voluntarily Recalls 12 ReadyMeals and Store-Made Deli Items Containing a Recalled Chicken Ingredient Supplied by Fresh Creative Foods Due to Possible Listeria Monocytogenes Contamination
- BOISE, Idaho--(BUSINESS WIRE)--Following a recall initiated by Fresh Creative Foods, Albertsons Companies has voluntarily recalled 12 types of ReadyMeals and store-made deli items.
- 10/11/2024
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Albertsons Companies (ACI) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
- Besides Wall Street's top -and-bottom-line estimates for Albertsons Companies (ACI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2024.
- 10/10/2024
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Why Shrinking Price Differences Between Walmart, Kroger, And Albertsons Matter To Investors
- Recent data from JPMorgan's exclusive survey indicates that price gaps between Walmart Inc WMT and competitors like Kroger Co KR and Albertsons Companies Inc ACI are narrowing.
- 10/10/2024
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Albertsons Companies to Release Second Quarter Fiscal 2024 Earnings on October 15, 2024
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release its financial results for the second quarter of fiscal year 2024 before the market opens on October 15, 2024.
- 10/08/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- CINCINNATI , Oct. 8, 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.
- 10/08/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 10/02/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 09/26/2024
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Albertsons Companies Launches Highly Rated Bee Lightly™ Wines, Redefining Wine Packaging
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies launches Bee Lightly, featuring a flat bottle design made from recycled polyethylene terephthalate, a first in the U.S. market.
- 09/24/2024
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ACI Worldwide: Up Over 100% In The Last Year But Still Undervalued
- I am initiating coverage with a ‘Buy' rating due to their mature business model, expanding margins, and modest valuation despite significant stock appreciation. Financially, ACI has shown renewed revenue growth, margin expansion, and healthy cash generation, positioning them well despite a mature business cycle. Despite past inconsistencies in meeting forecasts, ACI appears undervalued compared to peers, suggesting potential for continued outperformance for long-term investors.
- 09/20/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 09/20/2024
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Kroger and Albertsons wrap up court hearing for their merger
- Kroger and Albertsons were expected to present their closing arguments Tuesday in a U.S. District Court hearing on their proposed merger, which the federal government hopes to block.
- 09/18/2024
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What's at Stake as FTC's Legal Fight Against Kroger-Albertsons Merger Ends
- The Federal Trade Commission's (FTC) legal challenge against the proposed $24.6 billion merger of Kroger (KR) and Albertsons (ACI) is set to end in an Oregon federal court Tuesday, with a judge to rule whether the regulator's antitrust argument is sufficient to halt the combination.
- 09/17/2024
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Albertsons Companies Foundation Announces Recipients of $9 Million in Multiyear Nourishing Neighbors Innovation Spark Grants
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, along with the Albertsons Companies Foundation, announces the recipients of the Nourishing Neighbors Innovation Spark Grants.
- 09/17/2024
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5 Oversold Stocks to Buy Right Now
- Investors like to think of themselves as rational and unattached. Still, the movement of stock prices shows that this isn't always true — and the existence of technical signals like oversold or undersold confirms that fact.
- 09/16/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 09/16/2024
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Is the Kroger-Albertsons merger really doomed? The deal's chances, and what it means for consumers, explained
- A weekslong court battle is playing out in Oregon right now that could determine the future of your grocery shopping—with one side arguing the largest proposed supermarket merger in U.S. history will drive up prices, and the other side assuring it will benefit consumers.
- 09/16/2024
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3 Overlooked Stocks With Strong Value and Dividend Potential
- Certain stocks stand out as attractively priced and well-positioned for potential appreciation for value investors focused on long-term growth with a defensive approach. While not isolated from risks and challenges, the three companies discussed below trade at favorable valuations based on P/E ratios and earnings growth and offer the added benefit of dividend income, making them appealing to those seeking steady returns and compounding growth.
- 09/13/2024
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Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
- 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.
- 09/11/2024
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New Strong Sell Stocks for September 3rd
- ACI, AMKR and ARCB have been added to the Zacks Rank #5 (Strong Sell) List on September 3, 2024.
- 09/03/2024
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The U.S. Wants to Stop the Kroger-Albertsons Merger. A History of Supermarkets Under Attack.
- The combined companies would have less market share than Walmart, the nation's top grocer these days.
- 08/30/2024
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Albertsons Companies Pharmacies Announce COVID and Flu Vaccines Available Now to Help Protect Communities Against the Upcoming Respiratory Virus Season
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies pharmacies are now offering the latest monovalent mRNA COVID vaccines from Pfizer and Moderna along with the annual flu vaccine.
- 08/29/2024
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Kroger Announces Results of Early Participation in Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes and Certain Amendments to the Exchange Offers and Consent Solicitations
- 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.
- 08/29/2024
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Kroger and Albertsons merger heads to federal court. Here's what to know
- The largest proposed grocery store merger in U.S. history is going to court.
- 08/27/2024
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ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico
- OMAHA, Neb. & MEXICO CITY--(BUSINESS WIRE)--ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, and Mexipay, a leading Mexican financial technology company, have announced the extension of their partnership to enhance Mexico's real-time payments ecosystem, with the aim of driving instant payments adoption and boosting economic growth and financial inclusion for Mexico's businesses and consumers. Mexipay will utilize ACI's Digital Central Infrastructure solution, pa.
- 08/27/2024
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Kroger and Albertsons defend merger plan in federal court against FTC's objections
- PORTLAND, Ore. — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed.
- 08/26/2024
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Kroger-Albertsons Merger Trial Begins
- The Federal Trade Commission is suing to block what would be the biggest supermarket merger in US history. Bloomberg's Tyler Kendall has the details as the trial kick off puts a spotlight on high food prices on the campaign trail.
- 08/26/2024
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Kroger and Albertsons Confront a Skeptical F.T.C. in federal court
- The Federal Trade Commission, which is trying to block Kroger's plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers' pay and benefits.
- 08/26/2024
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Kroger-Albertsons merger heads to trial
- The FTC lawsuit to block the Albertsons-Kroger merger went to trial on Monday, with the agency arguing the deal undermines competition and the companies saying it will help consumers.
- 08/26/2024
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US FTC's bid to block Kroger-Albertsons merger heads to trial
- The U.S. Federal Trade Commission will argue Kroger's $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency's lawsuit goes to trial in federal court in Portland, Oregon, on Monday.
- 08/26/2024
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Kroger and Albertsons hope to merge but must face a skeptical U.S. government in court first
- On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco COST. On the other side are antitrust regulators from the Federal Trade Commission, who say the merger would eliminate competition and raise grocery prices in a time of already high food price inflation.
- 08/25/2024
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4 Stocks I'm Buying As Bad Economic Ideas Proliferate
- Trump proposes tariffs on imports, potentially exceeding 10%, that are likely to raise costs on American businesses and consumers without spurring a manufacturing revival. Meanwhile, Harris proposes something akin to price controls in order to combat a supposed epidemic of price-gouging and corporate greed. Is corporate price-gouging really the cause of inflation? We examine some charts of profit margins over the last decade.
- 08/24/2024
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5 Recession-Resistant Stocks That Won't Weigh You Down In A Soft Landing
- Opposition hedging, while common, can reduce returns as it hedges against the main portfolio direction. We prefer using companies with inherently resilient business models to reduce economic exposure. Investing in recession-resistant stocks like Postal Realty, Crown Castle, Pinnacle West, Albertsons, and Farmland Partners can provide a better hedge against adverse macroeconomic outcomes.
- 08/22/2024
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Kroger offers $10.5 billion in bonds to help pay for Albertsons merger
- Supermarket chain Kroger Co. on Tuesday said it was offering $10.5 billion in bonds to help pay for its planned $24.6 billion merger deal with rival Albertsons Cos. Inc.
- 08/20/2024
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New Strong Sell Stocks for August 20th
- ACI, AMBC and BW have been added to the Zacks Rank #5 (Strong Sell) List on August 20, 2024.
- 08/20/2024
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Kroger plans to lower prices by $1 bln after Albertsons merger closes
- Supermarket chain Kroger plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons , a company spokesperson said on Thursday.
- 08/15/2024
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Kroger Announces Commencement of Exchange Offers and Consent Solicitations for Albertsons Companies Notes
- 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 amount of new notes to be issued by the Company (the "Kroger Notes") and cash.
- 08/15/2024
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New Strong Sell Stocks for August 12th
- ACI, ARCB and AVD have been added to the Zacks Rank #5 (Strong Sell) List on August 12, 2024.
- 08/12/2024
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ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2024
- OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced financial results today for the quarter ended June 30, 2024. "We are pleased to report another quarter of strong growth in revenue and adjusted EBITDA, with both exceeding our financial guidance. Year-to-date, our revenue is up 12%, adjusted EBITDA is up 71%, cash flow from operations is up over 200%, and we are again raising our full year financial guidance,".
- 08/01/2024
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Albertsons Expands Instacart Partnership for Faster Pickup, Delivery Services
- Instacart and Albertsons have updated their partnership for faster grocery deliveries across the U.S. The companies announced in a Wednesday (July 31) news release the launch of Instacart pickup services and Albertsons delivery for Albertson brands, including Safeway, Shaw's, Acme, Jewel-Osco, Randalls and Vons.
- 07/31/2024
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Instacart and Albertsons Companies Expand Partnership Nationwide Launching Pickup Services and Convenience Delivery in as Fast as 30 Minutes
- Haggen Food & Pharmacy now available for same-day delivery from Instacart SAN FRANCISCO and BOISE, Idaho , July 31, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, and Albertsons Companies, Inc. (NYSE: ACI) today announce the launch of Instacart pickup services and Albertsons Rapid convenience delivery nationwide at banners* including Safeway, Albertsons, Shaw's, ACME, Jewel-Osco, Randalls and Vons. Additionally, Haggen Food & Pharmacy is now available on the Instacart App for same-day delivery.
- 07/31/2024
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Albertsons and Kroger agree to pause merger amid legal, regulatory challenges
- Kroger and Albertsons announced that the two companies agreed to temporarily pause their $25 billion merger as a lawsuit filed by Colorado challenging their merger goes to trial.
- 07/25/2024
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Colorado judge temporarily halts Kroger-Albertsons merger, Bloomberg News reports
- A Colorado judge issued an order temporarily blocking the proposed $25 billion merger between Kroger and Albertsons , which has been challenged by the state attorney general, Bloomberg News reported on Thursday.
- 07/25/2024
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AC Immune's ACI-35.030 (now “JNJ-2056”) Granted FDA Fast Track Designation for Alzheimer's Disease
- AC Immune's ACI-35.030 (now “JNJ-2056”) Granted FDA Fast Track Designation for Alzheimer's Disease Treatment of first randomized person with preclinical AD expected this quarter Phase 2b ReTain trial is fully funded and conducted by development partner Lausanne, Switzerland, July 25, 2024 – AC Immune SA (NASDAQ: ACIU), a clinical-stage biopharmaceutical company pioneering precision medicine for neurodegenerative diseases, today announced that its active-immunotherapy candidate, ACI-35.030 (now called JNJ-2056), targeting the pathologic form of the Tau protein, phosphorylated Tau (pTau), has received Fast Track designation from the U.S. Food and Drug Administration (FDA). The recently initiated Phase 2b clinical trial ReTain is currently recruiting participants with preclinical Alzheimer's disease, where individuals have yet to show clinical symptoms.
- 07/25/2024
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Albertsons (ACI) Q1 Earnings in Line, Digital Sales Rise 23%
- Albertsons' (ACI) fiscal Q1 results reflect double-digit growth in loyalty members and digital sales, along with significant growth in digital and pharmacy businesses despite economic challenges.
- 07/24/2024
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Here's What Key Metrics Tell Us About Albertsons Companies (ACI) Q1 Earnings
- The headline numbers for Albertsons Companies (ACI) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/23/2024
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Albertson's Q1 revenue tops estimates but profit misses
- Albertson's Cos. Inc.'s stock ACI, -0.30% fell 0.1% in premarket trades Tuesday after the grocery chain reported lower-than-expected first-quarter profit.
- 07/23/2024
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ACI Worldwide Extends Strategic Partnership with Worldpay
- OMAHA, Neb. & LONDON--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments solutions, and Worldpay, a leading global provider of payment processing solutions, today announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide. Through ACI's innovative, market-leading payments software solutions, Worldpay will continue to offer market-le.
- 07/23/2024
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Jim Cramer names stocks that could rally, or fall, during another Trump presidency
- CNBC's Jim Cramer on Monday named stocks that could stand to see gains if former President Donald Trump returns to office, as well as ones that may notch losses. "After this weekend, it sure seems like the Trump stocks are back," he said.
- 07/15/2024
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Kroger, Albertsons identify nearly 600 locations they will sell to get merger approved
- Kroger and Albertsons, who are looking to merge, have identified the 579 locations across the country that they intend to offload from their combined grocery store count.
- 07/11/2024
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Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
- Investors need to pay close attention to Albertsons Companies (ACI) stock based on the movements in the options market lately.
- 07/10/2024
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ACI Worldwide In Buy Zone As Payment Processor Expands To Brazil
- This fintech stock hit new highs and has doubled since October. The payment processor raised its 2024 revenue guidance in its first-quarter earnings report.
- 07/03/2024
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ACI Worldwide Named a Top Workplace by U.S. News & World Report and Newsweek
- OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced it has been recognized by U.S. News & World Report as one of the “Best Companies to Work For” in the 2024-25 edition of its annual rankings. This esteemed recognition includes additional honors in two categories: “Best Companies to Work For in Professional Services” and “Best Companies to Work For in the South.” The U.S. News & World Report “Best.
- 07/03/2024
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Kroger: Why The Albertsons Merger Is A Win-Win
- Kroger's Q1 2024 earnings beat expectations, but the stock dropped due to underperformance and the FTC blocking merger with Albertsons. Proposed merger with Albertsons would provide a scale advantage against competitors like Walmart and Costco. Kroger's digital engagement growth, private label business, debt, dividend, and valuation make it a potential buy opportunity.
- 06/26/2024
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ACI Worldwide and RS2 Launch Acquiring and Issuing Solution in Brazil
- Real-time payments firm ACI Worldwide launched a collaboration with Brazil-based payments processor RS2. The partnership is designed to offer a one-stop solution for acquirers and issuers in Brazil, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment processors, according to a Tuesday (June 25) press release.
- 06/25/2024
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Grubhub Partners with Albertsons Companies for Nationwide Grocery Delivery
- First national grocery retailer to partner with Grubhub, offering delivery from nearly 1,800 Albertsons Cos. stores CHICAGO and BOISE, Idaho , June 25, 2024 /PRNewswire/ -- Grubhub (LSE: JET, AMS: TKWY) and Albertsons Companies, Inc. (NYSE: ACI) have partnered to bring nearly 1,800 Albertsons Cos.
- 06/25/2024
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ACI Worldwide and RS2 Launch One-Stop Solution for Acquirers and Issuers in Brazil
- OMAHA, Neb. & SAO PAOLO, Brazil--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the best of ACI's and RS2's acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organization.
- 06/25/2024
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Kroger CEO on consumer strength, and Albertsons merger
- Rodney McMullen, Kroger CEO, joins 'Money Movers' to discuss what's happening with Kroger's pricing dynamic, if the budget-conscious consumer has positive momentum, and McMullen's thoughts on the Albertsons merger.
- 06/20/2024
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ACI™ Integrates Restb.ai Technology into Sky™ Platform
- SANTA ANA, Calif.--(BUSINESS WIRE)--ACI™, a leading provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American (NYSE: FAF) family of companies, today announced that ACI Sky™, a best-in-class digital quality control and compliance platform, is now integrated with Restb.ai, a global leader in artificial intelligence (AI) and computer vision solutions for real estate. The integration with Restb.ai automates the detection of discrepancies within.
- 06/19/2024
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ACI Worldwide and STET: European Instant Cross-Border Transactions Reach New Record High
- OMAHA, Neb. & PARIS--(BUSINESS WIRE)--Instant cross-border payments processed by STET, one of the leading European clearing and settlement systems, (CSM), and ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, have reached a new record high. STET, which processed more than 35 billion transactions in 2023, representing a daily average of more than €25 billion, processed more than 50 million cross-border real-time transactions over the last 12 months,.
- 06/18/2024
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3 Stocks at 52-Week Lows Poised for a Powerful Rebound: June Edition
- As much as the market has had impressive gains, the tide hasn't lifted all boats. Some stocks are languishing near lows due to their short-term challenges.
- 06/13/2024
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Albertsons Media Collective Launches Collective TV - Powered by First-Party Data, Closed-Loop Measurement, Shoppable Ads and Premium Inventory
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Media Collective debuted Collective TV, a solution that unlocks the combined value of retail media and TV.
- 06/13/2024
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ACI Worldwide Announces $400 Million Share Repurchase Authorization
- OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced that its Board of Directors has authorized the repurchase of $400 million in shares of the company's common stock. The new approval includes $65 million remaining under the company's existing share repurchase authorization. Year to date 2024, ACI has repurchased approximately 3 million shares for $106 million. Repurchases may be made at management's discretion.
- 06/13/2024
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Leading Nonprofits Join Albertsons Companies Foundation in a First-of-Its-Kind Initiative to Tackle Summer Hunger Among Children in the U.S.
- BOISE, Idaho--(BUSINESS WIRE)--The Albertsons Companies Foundation today announced the launch of a new collective effort focused on addressing childhood hunger this summer.
- 06/12/2024
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Albertsons: Grocery Chains Shouldn't Trade At These Multiples
- Albertsons' financials have performed in a stable manner, on par with peers. As the company's merger with Kroger is priced to fail, the stock has been left trailing into a lower level. The stock trades at a very wide discount to peers, unexplained by the companies' financial performance.
- 06/07/2024
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Albertsons Media Collective Partners with Rokt to Extend Its Retail Media Ecosystem, Adds Non-Endemic Ads Across Its Portfolio of Brands
- Grocery Retailer Will Use Rokt's AI-Powered Technology to Unlock Relevance and Drive Customer Loyalty NEW YORK , June 7, 2024 /PRNewswire/ -- Rokt , the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, today announced it has partnered with Albertsons Media Collective, the retail media arm of Albertsons Companies, Inc. (NYSE: ACI), a leading food and drug retailer in the United States. Under the new partnership, brands that are non-endemic to Albertsons' existing retail media network—meaning their products and services are not sold online by the company itself—will be able to reach and engage Albertsons' ecommerce customers through offers and messages that are highly relevant to them.
- 06/07/2024
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Albertsons Companies Foundation Celebrates a Decade of Fighting Hunger and $297 Million Raised with Nourishing Neighbors Program
- BOISE, Idaho--(BUSINESS WIRE)--This month, Albertsons Companies, Inc. (NYSE: ACI), along with the Albertsons Companies Foundation, celebrates 10 years and $297 million raised for its Nourishing Neighbors charitable program dedicated to fighting hunger. In celebration of this achievement, the Foundation is announcing today, Nourishing Neighbors Day, that the company's private label brand, O Organics, is donating $7 million, and the equivalent of 28 million meals, for the second year in a row to.
- 06/06/2024
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Albertsons and Uber Expand Program Delivering Surplus Food to Nonprofits
- Albertsons Companies and Uber Technologies have expanded a program in which they donate and deliver surplus food to local nonprofit organizations and food banks. After being piloted in Washington, D.C.
- 06/04/2024
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Albertsons Companies and Uber Partner Together to Deliver Surplus Food to Neighbors in Need
- BOISE, Idaho & SAN FRANCISCO--(BUSINESS WIRE)--Albertsons Companies and Uber partner to donate surplus food from Albertsons Cos. stores to local non-profit organizations and food banks.
- 06/04/2024
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The Bargain Stock Blitz: 7 Companies Ready to Stun the Street
- Although it can be exciting to wager on enterprises that everyone else is following, your best bets may stem from so-called bargain stocks. These ideas are from the path less traveled.
- 05/22/2024
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Week In Review: Takeda Options Alzheimer's Therapy From AC Immune In $2.2 Billion Deal
- SolStock Deals and Financings Japan’s Takeda (TAK, OTCPK:TKPHF; TSE: 4502) acquired global rights to an Alzheimer’s therapy developed by AC Immune SA (ACIU) of Switzerland for $100 million upfront and up to $2.1 billion in milestone payments (see story). With the $100 million, Takeda owns an option to license AC Immune’s active immunotherapies that target toxic forms of amyloid beta (Abeta), including ACI-24.060. ACI-24.060 is an anti-Abeta active immunotherapy candidate aimed at reducing the toxic forms of Abeta believed to drive plaque formation and Alzheimer’s disease progression. Currently, ACI-24.060 is being tested in a double-blind, placebo-controlled Phase Ib/II trial in subjects with mild Alzheimer’s disease and in adults with Down's syndrome. San Diego’s Erasca (ERAS) acquired rights for two China-developed pre-clinical RAS candidates in two separate agreements, while it is sidelining two of its own candidates and temporarily discontinuing development on a third candidate. Erasca will also raise $160 million from investors. The company acquired ex-China rights to a pan-RAS molecular glue (ERAS-0015) from Joyo Pharmatech of Guangzhou in a $189 million deal and global rights to a pan-KRAS inhibitor (ERAS-4001) from Sichuan Medshine Discovery in a $170 million agreement. Shenzhen Beimei Pharma acquired greater China rights for Twyneo, a therapy for acne vulgaris, from Israel’s Sol-Gel (SLGL) for $15 million. Sol-Gel will be eligible to receive up to $10 million in upfront and regulator milestones. The remaining $5 million is potential royalty payments. Twyneo is the only fixed-dose combination of tretinoin and benzoyl peroxide cream available in the US; it is approved to treat acne vulgaris in adults and pediatric patients. Beimei markets products for pediatrics patients with a portfolio of more than 40 drugs approved or in the pipeline. Trials and Approvals Shanghai’s Zai Lab (ZLAB; HK: 9688) reported China’s NMPA approved Augtyro (repotrectinib) as a treatment for adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer (NSCLC) (see story). The approval is based on an open-label, single-arm, Phase I/II trial that evaluated repotrectinib in TKI-naïve and TKI-pretreated patients with ROS1-positive NSCLC. In 2020, Zai Lab acquired China rights to the drug from Turning Point Therapeutics of San Diego for $25 million upfront and up to $151 million in milestones, plus royalties. Turning Point is now a division of Bristol-Myers Squibb (BMY). Shanghai Everest Medicines (HK: 1952) launched Nefecon, a treatment for IgA nephropathy (IgAN), in China by filling the first prescription. IgAN, a rare disease that accounts for 35-50% of glomerular disease cases in China, can cause end-stage renal disease that is treated by kidney replacement or dialysis. Nefecon is a targeted-release formulation of budesonide, a second-generation synthetic corticosteroid. In 2019, Everest acquired greater China rights to the drug from Calliditas Therapeutics (CALT, OTCPK:CLTEF) of Sweden in a $121 million agreement. Nefecon is already approved in the US and EU. Suzhou Ractigen Therapeutics reported that a China IND was approved for RAG-17 as a therapy for Amyotrophic Lateral Sclerosis (ALS). RAG-17 is a therapeutic siRNA designed to suppress the SOD1 gene in ALS patients with pathogenic mutations. Of the more than 50 genes associated with ALS, SOD1 gene mutations account for approximately 20% of the cases. Using Ractigen's proprietary SCAD delivery platform, RAG-17 combines siRNA with an accessory oligonucleotide to improve efficacy in central nervous system tissues. In preclinical studies, RAG-17 showed the ability to improve motor function and prolong survival. Beijing InnoCare Pharma (OTCPK:INCPF; HK: 09969; SHA: 688428) has completed the enrollment process in a China Phase II trial of ICP-488, a potential psoriasis therapy (see story). ICP-488 is a TYK2 (tyrosine kinase 2) JH2 allosteric inhibitor. The trial enrolled 129 patients who were randomized to one of three treatment groups in a 1:1:1 ratio: a 6mg once-daily group, a 9mg once-daily group, and a placebo group, for 12 consecutive weeks of treatment. By binding the JH2 domain, ICP-488 blocks the signal transduction of IL-23, IL-12, type 1 IFN and other inflammatory cytokines. Shanghai Mabwell (SHA: 688062) reported positive data from a China trial of its novel Nectin-4-targeting ADC for triple-negative breast cancer. In 20 patients with advanced or metastatic disease, 50% reported an objective response and 80% experienced disease control. One patient had a complete response that has continued for 20 months so far. Mabwell says a China IND for the drug, 9MW2821, has also been accepted in combination with an immune checkpoint inhibitor. According to the company, 9MW2821 is the first the Nectin-4-targeting ADC developed by a Chinese company to start clinical trials. Nanjing IASO Bio announced that Science Immunology, a sub-journal of Science, published a single-cell analysis of its anti-BCMA CAR T cell therapy in patients with neuromyelitis optica spectrum disorder (NMOSD). NMOSD is an autoimmune disease that usually occurs in the optic nerve and spinal cord, though it can affect the brain. The disease, which occurs in flare-ups that can cause muscle weakness or blindness, is sometimes misdiagnosed as multiple myeloma. Last year, IASO and its partner, Innovent (OTCPK:IVBIY, OTCPK:IVBXF), were approved in China to launch Equecabtagene Autoleucel, an anti-BCMA CAR T drug, as a fourth-line therapy for multiple myeloma. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
- 05/20/2024
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Albertsons May Be Win-Win Proposition, With Or Without Kroger Deal
- Investor interest in Albertsons has suffered due to FTC/state roadblocks to a proposed merger with Kroger. However, Albertsons is cheap enough as a standalone company with stable operations to justify a Buy rating, absent the business marriage. With a transaction cash value of $27.25 per ACI share, even better investment returns might be possible over 12-18 months if Kroger backs out.
- 05/19/2024
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Kroger: Albertsons Merger Creates Highly Skewed Return Potential (Technical Analysis)
- The Kroger Co. stock has broken through the $50 resistance level and is now hovering around a 52-week-high. Technical signs indicate that the stock is poised to break the next resistance level of $60 in the near term.
- 05/06/2024
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Albertsons Companies Wins ‘People's Voice' Webby Award for Best Shopping and Retail App
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies announced today that the retailer was voted the ‘People's Voice' winner for best shopping and retail app in the 28th annual Webby Awards. Over the last year, Albertsons Cos. has been updating and redesigning its mobile app to create a fast and easy digital shopping experience. Winning this award underscores the investment and progress made in 2023 to the retailer's digital and omnichannel capabilities. “We are thrilled and honored that so many.
- 04/30/2024
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7 Stocks to Buy if Inflation Continues to Reign in 2024
- Before considering which stocks to buy if inflation continues, it's good to remember the relationship between inflation and interest rates. The latest reading on CPI and PPI shows that the declining inflation rate may be ramping back up.
- 04/27/2024
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Stock Market Sell-Off: 3 Bargain Stocks Worth Buying Now
- Despite recent moves by potential competitors, Roku's risk-reward profile looks very compelling. The proposed Albertsons-Kroger acquisition has created a special situation that could be profitable no matter the outcome.
- 04/27/2024
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The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives' could complicate its case.
- When the Federal Trade Commission on Monday sued to block Tapestry Inc.'s acquisition of Capri Holdings, the agency said it was trying to keep handbags made by brands like Coach, Kate Spade and Michael Kors affordable to middle-income shoppers.
- 04/23/2024
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Albertsons (ACI) Q4 Earnings In Line, Sales Miss Estimates
- Albertsons (ACI) Q4 results reflect its commitment toward operational excellence, digital expansion, pharmacy operations and customer relationships.
- 04/23/2024
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Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
- Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would be sold to make way for their proposed merger.
- 04/22/2024
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Albertsons: Digital Rewards Keep Shoppers Spending
- As ongoing financial challenges have grocery shoppers more cautious about their purchasing, many are seeking out digital rewards. In its fourth quarter and full year fiscal 2023 financial results, Albertsons Companies shared that increases in digital engagement led its growth, with identical sales up only 1% year over year in Q4 but digital sales up 24%.
- 04/22/2024
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Albertsons and Kroger Agree to Sell More Stores to Get Merger Approval
- Albertsons (ACI) shares declined in intraday trading Monday as the supermarket chain and Kroger (KR) agreed to sell off more stores in order to get regulatory approval for Kroger's $24.6 billion acquisition of its rival.
- 04/22/2024
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Albertsons Companies (ACI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Albertsons Companies (ACI) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/22/2024
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Merger or Not, Albertson's Companies is a Good Buy
- Albertson'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 a value for income investors you don't find daily.
- 04/22/2024
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Kroger and Albertsons Have a New Plan. Albertsons Earnings Take a Back Seat.
- Grocery chains Kroger and Albertsons now plan to sell more locations and assets. Albertsons also reported strong earnings for the fiscal fourth quarter.
- 04/22/2024
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Albertsons ‘expects to face ongoing headwinds' after Q4 earnings
- Albertsons Companies Inc is trading down in premarket on Monday even though it reported better-than-expected financial results for its fiscal fourth quarter. Why is Albertsons stock down today?
- 04/22/2024
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Kroger, Albertsons amend asset sale agreement with C&S Wholesale
- Kroger and Albertsons Cos said on Monday that they have amended their definitive agreement with C&S Wholesale Grocers for the sale of assets in connection with their proposed merger.
- 04/22/2024
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Albertson's Q4 profit tops estimates to offset revenue miss
- Albertsons Cos. Inc.'s stock ACI, -0.54% rose 0.7% early Monday, after the grocery chain beat profit estimates for its fiscal fourth quarter, offsetting a revenue miss.
- 04/22/2024
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Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023.
- 04/22/2024
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Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan
- Amended Divestiture Plan Adds Stores, Facilities and Banner Names to Enhance Competition in Overlap Geographies and to Address Regulator Concerns CINCINNATI , April 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) announced today that they have amended their definitive agreement with C&S Wholesale Grocers, LLC (C&S) for the sale of assets in connection with their proposed merger previously announced on October 14, 2022. This amended package modifies and builds on the initial divestiture package that was announced on September 8, 2023.
- 04/22/2024
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Factors to Note Ahead of Albertsons' (ACI) Q4 Earnings
- Albertsons' (ACI) fourth-quarter results may reflect shifts in consumer spending due to reduced government aid and higher interest rates.
- 04/18/2024
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Secret Superstars: 3 Unknown Stocks to Turn $5K into $100K by 2027
- Finding undiscovered opportunities can result in significant profits in an investment landscape frequently controlled by well-known giants. These three obscure stocks have the potential to provide impressive profits.
- 03/31/2024
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Branding Behemoths: 3 Consumer Staples Stocks With Super Strong Moats
- If you're looking for stability and growth in today's volatile market, consider consumer staples stocks with moats. These companies provide essential products people need regardless of economic climate, making them recession-proof powerhouses.
- 03/26/2024
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US judge to hear FTC challenge to Kroger Albertsons deal on Aug. 26
- U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons.
- 03/11/2024
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Hey, Bottom Fishers! 3 Beaten Up Stocks to Buy for Short-Term Gains
- One tool that bargain hunters can utilize to identify beaten up stocks to buy after significant declines is the relative strength index ( RSI ). The RSI signals when a stock's downward momentum may be exhausted, indicating that a correction could provide upside potential.
- 03/07/2024
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Kroger-Albertsons merger: Is it good or bad for shoppers?
- The FTC is attempting to block the Kroger-Albertsons merger on the grounds it would hurt competition, while the companies argue the tie-up would be beneficial for consumers and workers.
- 02/28/2024
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Warren on Shutdown, Interest Rates, Kroger-Albertsons Deal
- Senator Elizabeth Warren, a Democrat from Massachusetts, talks about the possible government shutdown, the need to lower interest rates and Kroger's proposed $24 billion deal to buy Albertsons. She speaks to Bloomberg's Joe Mathieu and Kailey Leinz in Washington.
- 02/27/2024
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Senator Warren Says FTC Should Block Kroger-Albertsons Deal
- Senator Elizabeth Warren, a Democrat from Massachusetts, says the US Federal Trade Commission should block the proposed Kroger-Albertsons deal. She speaks to Bloomberg's Joe Mathieu and Kailey Leinz in Washington.
- 02/27/2024
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FTC sues to block Kroger's $24.6B acquisition of Albertsons
- The Federal Trade Commission (FTC) is suing to block the Kroger Company's (KR) $24.6 billion acquisition of the supermarket chain Albertsons Companies (ACI). FTC regulators claim the deal would cause grocery store price hikes, an issue many consumers already face, while both companies claim blocking the deal will end up hurting consumers and workers.
- 02/27/2024
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Western states among biggest skeptics of Kroger-Albertsons tie-up
- Grocery store chain Kroger's bid to buy its close rival Albertsons has caused alarm in the U.S. West, where officials fear its potential dominance - controlling more than half the market in some states - will hurt consumers.
- 02/27/2024
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FTC sues to block Kroger-Albertsons merger: Here's what to know
- Kathy O'Neill, former DOJ antitrust division official, joins 'Squawk Box' to discuss the FTC's lawsuit to block the merger between Kroger and Albertsons, whether the deal could lead to to higher food prices and lower wages, and more.
- 02/27/2024
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Kroger-Albertsons Merger Takes Major Hit From The FTC, Is It The End?
- Kroger and Albertsons ACI , two of the nation's largest supermarket chains agreed to merge in October 2022. Since then there has been much discussion about whether the Federal Trade Commission Chair Lina M.
- 02/26/2024
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FTC, states sue to block the largest grocery merger in U.S. history between Kroger and Albertsons
- The Federal Trade Commission (FTC) sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
- 02/26/2024
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FTC: Kroger (KR)-Albertsons (ACI) Merger Would Raise Grocery Prices
- The FTC is suing to block Kroger's (KR) acquisition of grocery rival Albertsons (ACI). Renita Young discusses this as the FTC says that the merger would raise grocery prices for consumers.
- 02/26/2024
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Kroger-Albertsons merger fight may impact 2024 election
- A Biden administration bid to block supermarket chain Kroger's $24.6 billion deal to buy rival Albertsons may have outsized impact in two inflation-weary 2024 election battleground states, Nevada and Arizona.
- 02/26/2024
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FTC Sues to Block Kroger (KR) Acquisition of Albertsons (ACI)
- The FTC sues to block Kroger's (KR) acquisition of grocery rival Albertsons (ACI). Kevin Hincks discusses this as Kroger says that blocking the merger would hurt consumers and workers.
- 02/26/2024
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Kroger slips as FTC moves to block Albertsons takeover
- Kroger Co (NYSE:KR, ETR:KOG) shares were hit on Monday as the US Federal Trade Commission (FTC) launched an attempt, alongside eight states, to block the supermarket chain's takeover of Albertsons. Such a merger could “eliminate fierce competition between Kroger and Albertsons,” according to the commission, prompting higher prices for millions of Americans.
- 02/26/2024
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The FTC Will Lose Its Fight To Block The Kroger-Albertsons Merger
- (Disclosure: I am an investor in Albertson's.)
- 02/26/2024
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FTC Legal Challenge Threatens Kroger-Albertsons $25 Billion Deal
- Antitrust regulator The Federal Trade Commission filed a lawsuit Monday in an attempt to spike Kroger's long-running attempt to buy rival grocer Albertsons, claiming the merger of the two major grocers would result in higher prices for shoppers and lower wages for workers.
- 02/26/2024
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Kroger-Albertsons Merger Challenged In Court By FTC, 8 States
- The Federal Trade Commission—along with eight states and Washington, D.C.—filed a lawsuit Monday to block Kroger's proposed $24.6 billion acquisition of Albertsons, the largest proposed supermarket merger in the nation's history, over allegations the deal is anti-competitive.
- 02/26/2024
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FTC Sues to Block $24.6 Billion Kroger-Albertsons Deal
- The US Federal Trade Commission joined with eight states and Washington DC in suing to block Kroger Co.'s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher prices for groceries.
- 02/26/2024
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FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes
- The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures and diminishing choice for consumers.
- 02/26/2024
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Kroger-Albertsons merger in jeopardy
- The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.
- 02/26/2024
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FTC case over Kroger-Albertsons deal adds to earlier antitrust woes
- The U.S. Federal Trade Commission said on Monday that it is suing block Kroger's $24.6 billion purchase of rival grocery chain Albertsons on antitrust grounds, adding to a slew of legal challenges from U.S. states and consumers.
- 02/26/2024
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FTC Sues to Block Kroger-Albertsons Merger Over Higher Price Concerns
- The deal would lead to higher food prices for consumers as well as lower wages for workers, the FTC says in a lawsuit filed in federal court in Oregon.
- 02/26/2024
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Kroger, Albertsons $25 billion merger fraught with roadblocks
- The U.S. Federal Trade Commission (FTC) said on Monday it was suing to block Kroger's near $25 billion purchase of rival grocer Albertsons as it would eliminate "fierce competition."
- 02/26/2024
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FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
- The FTC, which was joined by a group of attorneys general, said the Kroger-Albertsons deal would hurt competition in the grocery industry.
- 02/26/2024
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FTC Sues to Block $25 Billion Kroger-Albertsons Merger
- The Federal Trade Commission sued to block Kroger's bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history.
- 02/26/2024
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FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week, Bloomberg reports
- The United States Federal Trade Commission and a group of states could sue as soon as next week to block grocer Kroger's proposed $24.6 billion deal to buy smaller rival Albertsons , Bloomberg News reported on Tuesday, citing people familiar with the matter.
- 02/20/2024
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Colorado sues to stop $25 billion Kroger-Albertsons merger
- Colorado's attorney general filed a lawsuit on Wednesday seeking to block Kroger's proposed $25 billion acquisition of rival supermarket chain Albertsons , saying consumers would be hurt, as the U.S. Federal Trade Commission and other states continue to scrutinize the deal.
- 02/14/2024
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Kroger pledges to lower prices for consumers when its planned merger with Albertsons closes
- Kroger Inc. KR, +0.95% said Tuesday it will lower prices for customers when its planned merger with Albertsons Cos. Inc. ACI, +0.33% closes, noting that it has done the same with previous deals.
- 02/13/2024
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4 Consumer Product Stocks to Keep an Eye On Amid Industry Woes
- The Zacks Consumer Products - Staples industry participants are battling a tough operating landscape, alongside incurring high SG&A costs. However, innovation and saving efforts have been aiding Kimberly-Clark (KMB), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Newell Brands (NWL).
- 01/31/2024
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Washington state sues to block Kroger-Albertsons merger, says deal would raise prices, limit options
- Kroger and Albertsons announced plans in 2022 to merge, but the proposed deal is getting pushback from Washington state Attorney General Bob Ferguson.
- 01/17/2024
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Stock Chart to Watch: Kroger in Focus as Merger With Albertsons Delayed
- Here is a look at a chart tied to recent news, with important technical levels to monitor.
- 01/16/2024
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Washington state sues to halt $25B Kroger-Albertsons merger, claiming it will raise prices
- Washington state has asked a judge to block a proposed $25 billion merger between two of America's largest grocery chains, Kroger and Albertsons, claiming the new entity would harm customers and raise prices.
- 01/16/2024
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Chart to Watch: Kroger in Focus as Merger With Albertsons Delayed
- Here is a look at a chart tied to recent news, with important technical levels to monitor.
- 01/16/2024
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Proposed Kroger, Albertsons merger will take more time to close as scrutiny continues
- Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024.
- 01/15/2024
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Kroger, Albertsons need more time to close on $25 billion proposed merger
- Grocers Kroger and Albertsons said on Monday that they plan close the proposed $24.6 billion merger in the first half of Kroger's fiscal 2024 instead of early 2024.
- 01/15/2024
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Albertsons Launches New Meals as Grocers Aim to Gain Share From Restaurants
- 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.
- 01/12/2024
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Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News
- The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger's near-$25 billion acquisition of Albertsons , Bloomberg News reported on Thursday, citing a person familiar with the plan.
- 01/11/2024
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Albertsons (ACI) Q3 Earnings Beat, Pharmacy Sales Surge
- Albertsons (ACI) demonstrates a strong commitment to enhancing operational excellence in stores, expanding its digital and pharmacy operations.
- 01/10/2024
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Here's What Key Metrics Tell Us About Albertsons Companies, Inc. (ACI) Q3 Earnings
- While the top- and bottom-line numbers for Albertsons Companies, Inc. (ACI) give a sense of how the business performed in the quarter ended November 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/09/2024
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Albertsons' stock falls after earnings beat expectations but margins decrease
- 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.
- 01/09/2024
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Albertsons Companies to Release Third Quarter Fiscal 2023 Earnings on January 9, 2024
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. will release its financial results for the third quarter before the market opens on January 9, 2024.
- 12/26/2023
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Judge Dismisses Lawsuit Against Kroger's Proposed Acquisition of Albertsons
- A U.S. judge has dismissed a consumer lawsuit that alleged Kroger's proposed acquisition of grocery chain operator Albertsons would lead to reduced competition and increased prices. In the Wednesday (Dec. 20) ruling, U.S.
- 12/22/2023
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Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
- Investors need to pay close attention to Albertsons Companies (ACI) stock based on the movements in the options market lately.
- 12/21/2023
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Democrats in Congress call on FTC to block Albertsons-Kroger merger
- A group of congressional Democrats wrote to the FTC calling for the agency to block the pending merger between Albertsons and Kroger over antitrust concerns.
- 12/12/2023
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Kroger stock falls as US lawmakers oppose Albertsons takeover
- Kroger Co shares slipped nearly 2% to $44.40 in late-morning trading on Tuesday after six US lawmakers wrote to the Federal Trade Commission (FTC) expressing their opposition to the supermarket and department store chain's proposed $24.6-billion acquisition of grocery chain operator Albertsons, Reuters reported. US senators, including Elizabeth Warren and Bernie Sanders, as well as representatives Alexandria Ocasio-Cortez and Summer Lee wrote in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is permitted.
- 12/12/2023
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Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal
- Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co , according to a letter reviewed by Reuters.
- 12/12/2023
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3 Top M&A Plays: Lucrative Merger Deals Poised for Big Payoffs
- In the US business landscape, strategic mergers and acquisitions often set the stage for remarkable returns for shareholders. In the wake of economic shifts, three key M&A plays emerge as focal points, poised to redefine market dynamics and investor strategies.
- 11/23/2023
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4 Consumer Product Stocks to Monitor Despite Industry Hurdles
- The Zacks Consumer Products - Staples industry participants are grappling with cost inflation and high SG&A costs. However, favorable demand and revenue-driving efforts have been aiding Kimberly-Clark (KMB), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Grocery Outlet (GO).
- 11/17/2023
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Bargain alert: 3 large caps with RSIs that scream oversold
- Everyone likes to feel like they're getting a bargain when buying something. It's no different when it comes to buying stocks.
- 11/14/2023
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Chicory: Albertsons, Others Can Drive off-Site eGrocery With Shoppable Content
- By partnering with major grocers such as Albertsons, contextual commerce platform Chicory is expanding eGrocery audiences, enabling retailers to reach new customers across more parts of their web browsing routines.
- 11/10/2023
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The 7 Best Stocks to Own in a Volatile Market
- While the rest of Wall Street may be basking in the glow of screaming-hot economy, contrarian investors may want to consider the best stocks for a volatile market. Just like in a game of baseball, all it takes is one bad inning to see a big lead evaporate.
- 11/09/2023
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This Adtech Company Is My Favorite Artificial Intelligence (AI) Stock. Here's Why
- Perion just launched a new audio advertising product powered by generative AI. The company delivered another round of solid growth in the third quarter.
- 11/05/2023
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Going Tough But Albertsons Moves Kroger Deal Ahead With Store Sale
- Ahead of its long-proposed merger with Kroger, grocery chain Albertsons outperformed expectations today but was still buffeted by consumer headwinds.
- 10/17/2023
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Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
- Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
- 10/17/2023
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Albertsons beats profit estimates for its fiscal second quarter, sees pressure on consumer
- Albertsons Cos. Inc. ACI, +0.45% said Tuesday it had net income of $266.9 million, or 46 cents a share, for its fiscal second quarter to Sept.
- 10/17/2023
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California preparing lawsuit to block Kroger's Albertsons acquisition
- California is preparing to block Kroger Co.'s KR, +0.16% acquisition of Albertsons Cos. ACI, +0.04% with an upcoming lawsuit, according to remarks from the state's attorney general Thursday.
- 10/12/2023
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ACI or KMB: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Consumer Products - Staples sector might want to consider either Albertsons Companies, Inc. (ACI) or Kimberly-Clark (KMB). But which of these two stocks presents investors with the better value opportunity right now?
- 09/26/2023
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Where to Invest $10,000 in a Bear Market
- When asset prices are crumbling, avail yourself of Warren Buffett's know-how. De-risk your portfolio with a diversified grab bag of old-school defensive names.
- 09/22/2023
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Kroger and Albertsons Add New Meal Capabilities to Drive Loyalty
- In an effort to make their brands more indispensable to consumers' day-to-day food routines, both Kroger and Albertsons have just announced new meal offerings. The Kroger Company, the nation's largest pure-play grocer, announced Friday (Sept.
- 09/15/2023
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Albertsons Announces 30-Minute Delivery as Grocers Drive Direct Orders
- With third-party aggregators looking to drive grocery sales, Albertsons Companies is fighting back, offering new options to maintain consumers' direct digital loyalty. The grocery giant announced Wednesday (Sept.
- 09/14/2023
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Kroger and Albertsons plan to sell over 400 stores in connection with $24.6B merger
- Kroger and Albertsons will sell 413 stores to C&S Wholesale Grocers in connection with a proposed $24.6 billion merger announced last October.,
- 09/10/2023
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Time to Buy the Recent Surge in Kroger (KR) or Albertsons (ACI) Stock?
- Gravitating to the growth conversation of a potential Kroger (KR) and Albertsons (ACI) merger is at the forefront of investors' minds and the FTC's agenda.
- 09/08/2023
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Kroger's Case for Bagging Albertsons Grows Stronger
- After Kroger took steps to overcome opposition to the deal, its results showed why it is needed.
- 09/08/2023
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Kroger and Albertsons sell 400 stores to Piggly Wiggly's parent company
- Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly's parent company in an attempt to win antitrust approval for the mega merger between the grocery stores.
- 09/08/2023
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Kroger, Albertsons to sell more than 400 stores to C&S Wholesale in a $1.9 billion cash deal in connection with the proposed merger
- Kroger Co. KR, +0.82% and Albertsons Companies Inc. ACI, +0.09% announced Friday an agreement to sell 413 stores and 8 distribution centers across 17 states to C&S Wholesale Grocers LLC for $1.9 billion in cash, as part of the plan to gain regulatory approval of Kroger's acquisition of Albertsons. The sale plan includes 2 offices and 5 private label brands.
- 09/08/2023
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Kroger, Albertsons in talks to sell stores to C&S, SoftBank - Bloomberg News
- Kroger and Albertsons Companies Inc are in talks to sell some grocery stores to C&S Wholesale Grocers to obtain regulatory approval for their $25 billion merger, Bloomberg News reported on Tuesday, citing people familiar with the matter.
- 09/05/2023
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California probes 'pharmacy deserts' in Kroger's Albertsons deal-sources
- The California attorney general's office is probing whether Kroger's $24.6 billion plan to buy rival grocer Albertsons will make it harder for people in poorer parts of cities or rural areas to buy medicines, according to two people familiar with the review.
- 08/18/2023
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Kroger: Some Good Metrics But The Albertsons Deal Adds To The Uncertainty
- Kroger is the 6th largest supermarket chain by market value and has raised its dividend for 18 consecutive years. Kroger has bought back 30% of its shares over the last 10 years. Analysts have a generally positive outlook on Kroger, but the Quant rating remains neutral.
- 08/15/2023
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7 Stocks to Buy Now to Beat the Inflation Blues
- In June, annual inflation (from the most recent data) slipped to 3%, which on paper clashes with the concept of stocks to beat inflation. After all, NPR pointed out that the aforementioned statistic represented the lowest point since March 2021.
- 08/07/2023
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Albertsons (ACI) Q1 Earnings Beat Estimates, Sales Rise Y/Y
- Albertsons' (ACI) fiscal first-quarter results showcase the robustness of its business and the success of the Customers for Life transformation strategy amid increasing economic challenges.
- 07/26/2023
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Albertsons beats earnings expectations, as retail price inflation, pharmacy and digital growth boosted sales
- Shares of Albertsons Companies Inc. ACI, +0.18% rose 0.6% in premarket trading Tuesday, after the grocery-store chain reported fiscal first-quarter earnings that beat expectations, as retail price inflation across most categories and growth in pharmacy and digital sales helped boost same-store sales. Net income for the quarter to June 17 fell to $417.2 million, or 72 cents a share, from $484.2 million, or 84 cents a share, in the year-ago period.
- 07/25/2023
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Albertsons (ACI) to Report Q1 Earnings: What's in Store?
- Albertsons' (ACI) first-quarter results are likely to reflect a rise in at-home consumption, improved merchandising and strengthened omnichannel capabilities.
- 07/24/2023
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Daily Dividend Report: Walgreens Boots Alliance, CSX, Phillips 66, Ryder System, Albertsons
- Walgreens Boots Alliance today announced that its board of directors has declared a quarterly dividend of 48 cents per share, unchanged from the previous quarter. The dividend is payable on Sept. 12, 2023, to stockholders of record as of Aug. 21, 2023. Walgreens Boots Alliance and its predecessor company, Walgreen, have paid a dividend in 363 straight quarters or more than 90 years.
- 07/13/2023
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Albertsons Companies: The Kroger Merger Will Potentially Transform The Company
- Albertsons Companies saw a 7% increase in its share price last year, driven by a rise in identical and digital sales and a 15% increase in loyalty membership. The company is highly leveraged, posing a potential risk to its financial position and shareholders. It is also in the process of merging with Kroger, a move expected to bring significant growth opportunities. Albertsons' Q4 FY 2022 performance saw net sales rise to $18.3 billion, driven by a 5.6% increase in identical sales, retail price increase, and pharmacy growth.
- 07/12/2023
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Albertsons Companies, Inc. (ACI) Is a Trending Stock: Facts to Know Before Betting on It
- Albertsons Companies, Inc. (ACI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 06/22/2023
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Albertsons Ups Stakes In Private Label Campaign
- Explore Albertsons' strategy to combat inflation and enhance customer loyalty via private label brands. Insights into branding, pricing, and loyalty programs.
- 06/13/2023
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Albertsons Companies, Inc. (ACI) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Albertsons Companies, Inc. (ACI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 06/09/2023
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4 Consumer Product Stocks to Watch Despite Industry Hurdles
- The Zacks Consumer Products - Staples industry players are battling cost inflation, which is likely to linger. However, favorable demand and revenue-driving efforts keep Kimberly-Clark (KMB), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Grocery Outlet (GO) well-placed.
- 05/30/2023
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Albertsons Companies, Inc. (ACI) Is a Trending Stock: Facts to Know Before Betting on It
- Albertsons Companies, Inc. (ACI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 05/29/2023
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Investors Heavily Search Albertsons Companies, Inc. (ACI): Here is What You Need to Know
- Zacks.com users have recently been watching Albertsons Companies, Inc. (ACI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 05/15/2023
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Kroger-Albertsons merger could cost grocery-store workers millions in lost wages, report says
- Plans to merge two of the biggest U.S. supermarket chains could blunt grocery-store workers' bargaining power and lower their wages, according to a new analysis from the left-leaning Economic Policy Institute.
- 05/02/2023
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Here is What to Know Beyond Why Albertsons Companies, Inc. (ACI) is a Trending Stock
- Albertsons Companies, Inc. (ACI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/02/2023
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Kroger and Albertsons Court Public Support for Merger by Leveraging Inflation Anxieties
- As Kroger and Albertsons' pending merger faces criticism, the grocers are courting price-sensitive shoppers' favor. In a co-authored op-ed in The Cincinnati Enquirer, Kroger Company CEO Rodney McMullen and Albertsons Companies CEO Vivek Sankaran pushed back against opposition to the proposed merger.
- 05/01/2023
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Albertsons/Kroger Merger Won't Likely Be Consummated, Indicators Suggest
- Divestitures likely to be imposed by the FTC should upend the investment economics promised at the start of the merger. Workers have expressed concern and rightfully so. While the combined entity promises higher wages, employees cite reduced hours. A recent survey shows a majority are struggling to make ends meet.
- 05/01/2023
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Kroger-Albertsons Merger Presents Brick-and-Mortar Grocery Opportunity for Amazon
- With Kroger and Albertsons' merger expected to result in the closure of hundreds of locations, to meet antitrust requirements, there may be an opportunity for others looking to grow their presence to seize on these left-behind sites.
- 04/26/2023
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Is Trending Stock Albertsons Companies, Inc. (ACI) a Buy Now?
- Albertsons Companies, Inc. (ACI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/17/2023
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ACI vs. RH: Which Stock Is the Better Value Option?
- Investors interested in Consumer Products - Staples stocks are likely familiar with Albertsons Companies, Inc. (ACI) and RH (RH). But which of these two stocks presents investors with the better value opportunity right now?
- 04/13/2023
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Waiting for Kroger merger approval, Albertsons sees challenges ahead
- The proposed merger between U.S. grocery chains Kroger and Albertsons faces challenges on two fronts: a skeptical and increasingly interventionist Federal Trade Commission and a deteriorating consumer macro backdrop that has slowed spending growth at Albertsons stores. On Tuesday, Albertsons announced its results for the fourth quarter of fiscal year 2022, which ended on Feb. 25.
- 04/13/2023
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2 Top-Rated Stocks to Buy After Earnings This Week
- After reporting their quarterly results this week, Albertsons (ACI) and The Greenbrier Companies (GBX) are two stocks that are sticking out so far this earnings season.
- 04/12/2023
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Albertsons (ACI) Q4 Earnings Top, Identical Sales Rise 5.6%
- Albertsons' (ACI) fourth-quarter results reflect enhanced digital and omnichannel capabilities and efforts to boost productivity.
- 04/12/2023
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Albertsons issues cautious consumer outlook on rising food prices
- Yahoo Finance Live checks out shares of Albertsons following its outlook on consumer spending tied to higher food prices and grocery bills.
- 04/11/2023
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Albertsons Grows Rewards Program to Drive Loyalty Amid Inflation
- As inflationary pressures threaten grocery shopper loyalty, Albertsons is deepening its digital relationships with customers. The grocery giant, which spans nearly 2,300 locations across 34 states and D.C.
- 04/11/2023
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Albertsons stock slips after grocer beat profit and sales beat expectations, but said it is prepared for a ‘more difficult consumer environment'
- Shares of Albertsons Companies Inc. ACI, +0.76% slipped 0.2% in premarket trading Tuesday, after the food and drug retailer, that has agreed to be acquired by Kroger Co. KR, +0.78% , reported fiscal fourth-quarter profit and sales that topped expectations, while saying it was preparing for a “more difficult consumer environment” in the coming year. Net income for the quarter to Feb. 25 fell to $311.1 million, or 54 cents a share, from $455.1 million, or 79 cents a share, in the year-ago period.
- 04/11/2023
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Albertsons (ACI) Queued for Q4 Earnings: What's in Store?
- Albertsons' (ACI) fourth-quarter results are likely to reflect its focus on enhancing digital and omnichannel capabilities as well as efforts to boost productivity.
- 04/10/2023
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Should Value Investors Buy Albertsons Companies (ACI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/06/2023
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Wall Street Analysts Predict a 40.5% Upside in Albertsons Companies, Inc. (ACI): Here's What You Should Know
- The mean of analysts' price targets for Albertsons Companies, Inc. (ACI) points to a 40.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 04/06/2023
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Earnings Previews: Albertsons, CarMax, Tilray
- Shortly after Thursday's opening bell, the Dow was trading down 0.13%, the S&P 500 down 0.37% and the Nasdaq Composite 0.74% lower.
- 04/06/2023
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Albertsons Companies, Inc. (ACI) is a Top-Ranked Value Stock: Should You Buy?
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 04/03/2023
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Albertsons Goes After Consumers' Health Benefits Spending with New Partnerships
- Albertsons Companies has set its sight on an untapped pool of funds — consumers' health benefits.
- 03/31/2023
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3 Top-Rated Retail Stocks to Buy Now
- The Zacks Retail and Wholesale sector consists of several booming business industries at the moment. Many of these companies will be beneficiaries of increased spending as consumers adjust to high inflation.
- 03/29/2023
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Albertsons Companies to Release Fourth Quarter and Fiscal 2022 Earnings on April 11, 2023
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) will release its financial results for the fourth quarter and fiscal year 2022, which ended February 25, 2023, before the market opens on April 11, 2023. 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 2022 results.
- 03/28/2023
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Albertsons Companies And Kroger: Opportunity Amid Uncertainty
- When Kroger (NYSE: KR) and Albertsons Companies (NYSE: ACI) announced their merger, it took the grocery market by storm. The merger aligns two brands to create a national footprint capable of competing with dominant food retailers like Walmart (NYSE: WMT).
- 03/22/2023
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Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone
- The senators urged the companies to get certified with the FDA to sell the abortion pill mifepristone and provide access that is as broad as possible.
- 03/14/2023
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4 Consumer Products Stocks to Watch on Solid Industry Trends
- The Zacks Consumer Products - Staples industry players are benefiting from favorable demand and revenue-driving efforts amid elevated costs. Chewy (CHWY), Albertsons Companies (ACI), Ollie's Bargain (OLLI) and Grocery Outlet (GO) appear well-placed.
- 03/14/2023
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Here's Why Albertsons Companies, Inc. (ACI) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 03/06/2023
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Albertsons Companies, Inc. (ACI) Loses -6.23% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
- The heavy selling pressure might have exhausted for Albertsons Companies, Inc. (ACI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 03/01/2023
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4 Stocks to Buy for Safe Returns Amid Rising Inflation
- Stocks like Albertsons Companies, Inc. (ACI), Conagra Brands, Inc. (CAG), General Mills, Inc. (GIS) and Ingredion Incorporated (INGR) are safe bets amid this market volatility.
- 02/28/2023
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Albertsons Is Entering The Digital Health And Telehealth Space
- The company is joining the ranks of many other consumer giants rapidly entering the healthcare delivery space.
- 02/22/2023
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Albertsons Stock Could Shatter Technical Ceiling
- Albertsons Companies Inc (NYSE:ACI) was last seen trading near breakeven at $21.47, much like the broader market ahead of the release of the Federal Reserve's meeting minutes.
- 02/22/2023
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Why Albertsons Companies, Inc. (ACI) is a Top Momentum Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 02/20/2023
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Here's Why Albertsons Companies, Inc. (ACI) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 02/17/2023
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Are Investors Undervaluing Albertsons Companies (ACI) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/15/2023
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Here's Why Five Below (Five) Stock Warrants Your Attention
- Five Below's (FIVE) focus on providing trend-right products, improving the supply chain, strengthening digital capabilities and delivering better WOW products bodes well.
- 02/15/2023
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Are Consumer Staples Stocks Lagging Albertsons Companies (ACI) This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Chewy (CHWY) have performed compared to their sector so far this year.
- 02/13/2023
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Albertsons and Other Grocers Expand Mobile Offerings to Drive Loyalty
- As traditional grocers face increasing competition from eCommerce, they are broadening their digital ecosystems.
- 02/06/2023
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Albertsons Launches Health App as Consumers Seek Wellness and Convenience
- Grocery giant Albertsons is the latest retailer expanding into the world of healthcare. The company announced Monday (Feb. 6) the debut of Sincerely Health, a digital health and wellness platform accessible on 16 of its grocers' apps and websites, including Safeway, Vons, Acme and Albertsons itself.
- 02/06/2023
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ACI or CHWY: Which Is the Better Value Stock Right Now?
- ACI vs. CHWY: Which Stock Is the Better Value Option?
- 02/02/2023
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5 PEG-Based Value Stocks to Pick for Your Portfolio Now
- Here are five value stocks that passed our screening criteria - ADM, CAG, ACI, TECK and URI.
- 02/02/2023
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Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
- Investors need to pay close attention to Albertsons Companies (ACI) stock based on the movements in the options market lately.
- 01/31/2023
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Is Albertsons Companies (ACI) Stock Outpacing Its Consumer Staples Peers This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Helen of Troy (HELE) have performed compared to their sector so far this year.
- 01/25/2023
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Is Albertsons Companies (ACI) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/25/2023
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3 Growth Stocks Available at Bargain Basement Prices
- When the market starts throwing out the babies with the bathwater, it's often a good idea to swoop in to buy.
- 01/22/2023
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Buy These 3 Stocks to Combat Volatility in 2023?
- Investors will be looking for stocks that will be less volatile in 2023 and these three stocks certainly appear to fit the bill with their beta value below 1.0.
- 01/20/2023
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Albertsons to finally pay out special dividend, which has been delayed by courts
- Shares of Albertsons Companies Inc. ACI, -1.23% jumped 2.0% in premarket trading Thursday, to buck the selloff in the broader market, after the grocery chain, which has agreed to be acquired by Kroger Co. KR, -1.99% , said it will pay out its previously announced special dividend on Jan. 20. The special dividend of $6.85 a share, which was originally announced on Oct. 14 to be payable on Nov. 7, but has been blocked by courts, will now be paid Friday to shareholders of record on Oct. 24.
- 01/19/2023
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Best Value Stocks to Buy for January 18th
- ACI, TS and KMTUY made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 18, 2022.
- 01/18/2023
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Best Income Stocks to Buy for January 18th
- DTEGY, MMP and ACI made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 18, 2022.
- 01/18/2023
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Washington state court OKs Albertsons' $4 billion dividend ahead of merger
- SEATTLE — The Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders ahead of a proposed merger with rival Kroger.
- 01/17/2023
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Washington court paves way for Albertsons' $4 bln dividend, declines to review case
- Washington state's highest court on Tuesday cleared the way for Albertsons Companies Inc to pay a $4 billion dividend ahead of the grocer's proposed deal with rival Kroger Co , as the justices declined to take up a claim that the payout would harm industry competition.
- 01/17/2023
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Albertsons Companies, Inc. (ACI) Upgraded to Strong Buy: What Does It Mean for the Stock?
- Albertsons Companies, Inc. (ACI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 01/12/2023
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Albertsons (ACI) Q3 Earnings Beat, Identical Sales Up 7.9%
- Albertsons' (ACI) third-quarter results reflect enhanced digital and omnichannel capabilities and efforts to boost productivity.
- 01/11/2023
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Albertsons Sees 33% Digital Growth Amid Strong Loyalty Program Engagement
- Albertsons Companies' digital bets are paying off, driving sales and boosting loyalty membership. The grocery giant, acquired in October by competitor Kroger, reported its third-quarter earnings Tuesday (Jan. 10), noting that digital sales rose 33% year over year in the period and loyalty membership grew 16% to 33 million.
- 01/10/2023
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Albertsons Sales up 8.5% on Higher Prices
- The supermarket operator is in the midst of a roughly $20 billion sale to rival Kroger.
- 01/10/2023
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Albertsons stock jumps premarket after earnings beat
- Albertsons Cos. Inc. stock ACI, +0.53% jumped 2.9% in premarket trade Tuesday, after the grocery store chain, which is in the midst of merging with Kroger Co. KR, +0.98% , posted better-than-expected earnings for its fiscal third quarter.
- 01/10/2023
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Is Albertsons Companies (ACI) Outperforming Other Consumer Staples Stocks This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Conagra Brands (CAG) have performed compared to their sector so far this year.
- 01/09/2023
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Should Value Investors Buy Albertsons Companies (ACI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/09/2023
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Welcome Back, Goldilocks
- U.S. equity markets rallied on the first week of the year after employment data showed strong job growth alongside a cool down in wage pressures, reviving hopes of a 'soft landing'. After posting declines of nearly 20% in 2022, the S&P 500 advanced 1.5% on the week- snapping a three-week skid- while the domestic-focused Mid-Cap 400 and Small-Cap 600 gained 2.5%.
- 01/08/2023
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Sitting on Cash? These 2 Stocks Are Great Buys
- A down market often leaves bargains behind.
- 01/08/2023
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Earnings Previews: Albertsons, Bed Bath & Beyond
- At Friday's opening bell, stocks were trading higher, following the December report on nonfarm payrolls.
- 01/06/2023
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Time to Buy Albertsons (ACI) or Kroger (KR) Stock for the New Year?
- While operating and supply costs may be challenging in the current market environment, top line growth shows Albertsons and Kroger should have the ability to sustain their bottom lines.
- 01/03/2023
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Washington state court blocks Albertsons special dividend
- Washington's state supreme court on Friday blocked Albertsons Companies Inc from paying a special dividend ahead of its acquisition by Kroger Co , a court order showed.
- 12/16/2022
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Antitrust: FTC has ‘presented really strong complaints,' expert says
- Charlotte Slaiman, competition policy director at Public Knowledge, and Rebecca Allensworth, law professor at Vanderbilt University, join Yahoo Finance Live Rachelle Akuffo and Akiko Fujita to discuss reports that FTC's Lina Khan is battling to rein in Big Tech, Microsoft's acquisition of Activision, antitrust concerns, and the outlook for the FTC.
- 12/15/2022
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Albertsons' $4 Billion Dividend Payout Remains Blocked as Washington State Attorney General Seeks Appeal
- The state attorney general filed a lawsuit against Albertsons and Kroger in November to block the payment, and the state and the companies have argued their case for weeks.
- 12/09/2022
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Kroger Says It Got a Second FTC Request for Information on Its Albertsons Merger
- The request is the latest development in what is shaping up to be a drawn-out skirmish between regulators and two of the country's largest grocery store chains.
- 12/06/2022
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Kroger-Albertsons merger deal seen leading to higher prices, less competition by lawmakers grilling CEOs
- A bipartisan Senate panel on Tuesday expressed skepticism toward the planned merger of grocery-store chains Kroger Co. and Albertsons Cos., with lawmakers raising questions about the prospect of higher food prices, stifled competition and an expansion of so-called “food deserts” where supermarket access is scarce.
- 11/30/2022
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Kroger, Albertsons CEOs defend grocery tie-up, say deal won't hurt competition
- Leaders of the two companies faced questions about how the deal could shake up the competitive landscape — and the prices consumers pay at the store.
- 11/29/2022
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Kroger, Albertsons CEOs Defend $25B Merger Before Senate
- Here's everything you need to know and what the largest-ever grocery merger might mean for prices.
- 11/29/2022
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Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired
- When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly $25 billion, she thought, "here we go again."
- 11/29/2022
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Kroger, Albertsons Expected to Defend Grocery Merger at Senate Hearing
- The companies' CEOs are likely to face questions on how the proposed $20 billion deal would affect competition and shoppers.
- 11/29/2022
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Kroger-Albertsons Merger Spells Doom, Gloom And Boom
- The world's biggest retailer may be looking over its shoulder soon. The Kroger-Albertsons mega-merger would create a company with about 5,000 U.S. stores, a close second to Walmart's 5,335 in the United States.
- 11/28/2022
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How Much Upside is Left in Albertsons Companies, Inc. (ACI)? Wall Street Analysts Think 52%
- The consensus price target hints at a 52.5% upside potential for Albertsons Companies, Inc. (ACI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 11/25/2022
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Albertsons: Potential 33% Share Price Return, Still A Buy At Current Price
- Kroger's acquisition of Albertsons will result in strong synergies and cost savings; it will also provide a better distribution of geographic sales. The combined company will become the third-largest food and drugstore in the United States.
- 11/21/2022
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Is Kroger Stock A Buy Amid Albertsons Merger Drama? Here's What Analysis, Charts Show
- It is one of the country's biggest grocers and is trying to grow further by merging with Albertsons. So is Kroger stock a buy right now?
- 11/18/2022
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Albertsons restraining order on special dividend payment still in effect as court hearing postponed
- Albertsons Companies Inc. ACI, +0.55% said Wednesday that the Washington State Court has postponed the hearing on the grocery company's proposed payment of a special dividend. The stock rose 0.5% in afternoon trading.
- 11/16/2022
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Albertsons: Merger With Kroger Still Offers Upside Potential
- This article analyzes the Albertsons-Kroger merger from the perspective of Albertsons shareholders, and whether Albertsons Companies, Inc. stock presents an opportunity today. We conclude that Albertsons stock offers ~30% upside potential, assuming the merger goes through.
- 11/15/2022
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ACI vs. KMB: Which Stock Should Value Investors Buy Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 11/14/2022
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Kroger, Albertsons And Food Deserts: Yes, We Should Worry
- The pending deal to merge Kroger and Albertsons will create a chain with more U.S. locations than Walmart. Yet for many of America's poor, that may mean the local grocery store is at risk of going dark.
- 11/09/2022
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Albertsons Faces Outrage in Aisle Five
- Supermarket giant Albertsons' planned $4 billion special dividend has stoked anger over its proposed combination with Kroger—but isn't nearly as damaging as some critics fear.
- 11/07/2022
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Judge Pauses Albertsons' $4 Billion Special Dividend Payout
- A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger.
- 11/04/2022
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Albertsons' $4B dividend payout put on hold by court
- A $4 billion dividend payment to Albertson's investors which was due Monday has been put on hold by a Washington State court.
- 11/04/2022
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Albertsons' $4 billion payout to shareholders amid merger put on hold by judge
- SEATTLE — A judge in Washington state has temporarily blocked Albertsons from paying a $4 billion dividend to investors as part of the grocery retailer's proposed merger with rival Kroger.
- 11/03/2022
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DC AG Karl Racine sues Albertsons, Kroger over $4 billion dividend payout
- Karl Racine, attorney general for Washington D.C., joins CNBC's 'Squawk Box' to explain why he is suing to block Albertsons' $4 billion dividend payout to shareholders ahead of its planned merger with Kroger.
- 11/03/2022
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State attorneys general sue to block Albertsons' $4 billion dividend payout
- 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.
- 11/02/2022
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Kroger and Albertsons say their merger will help lower prices for struggling consumers. Not everyone is convinced.
- 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.”
- 11/02/2022
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Are Investors Undervaluing Albertsons Companies (ACI) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/28/2022
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Albertsons asked by state AGs to delay distribution of special dividend
- 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.
- 10/27/2022
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ACI or KMB: Which Is the Better Value Stock Right Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 10/27/2022
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Albertsons (ACI) Q2 Earnings Top Estimates, Identical Sales Up
- Albertsons' (ACI) second-quarter results reflect enhanced digital and omnichannel capabilities as well as efforts to boost productivity.
- 10/19/2022
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Albertsons Sales Rise Nearly 9% on Higher Prices
- 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.
- 10/18/2022
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Albertsons stock gains after profit, sales rise above expectations
- 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.
- 10/18/2022
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Jim Cramer says he believes Kroger could get federal regulators' approval for Albertsons deal
- Cramer on Monday gave his take on Kroger's bid to buy Albertsons.
- 10/17/2022
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Kroger to Become Grocery Superchain: ETFs to Tap
- 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.
- 10/17/2022
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Albertsons Companies to Announce Second Quarter Fiscal 2022 Earnings on October 18, 2022
- 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.
- 10/17/2022
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CEOs ‘are still bold on growth,' EY strategist says
- EY Americas Strategy and Transactions Vice Chair Mitch Berlin joins Yahoo Finance Live anchors Rachelle Akuffo and Seana Smith to discuss CEO outlook in the current economic environment and other findings from a new EY report
- 10/16/2022
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Who should be most nervous over Kroger, Albertsons merger?
- Strategic Resources Group managing director Burt Flickinger analyzes the merger between supermarket giants Kroger and Albertsons on 'The Claman Countdown.' #foxbusiness #claman Subscribe to Fox Business!
- 10/15/2022
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Albertsons Earning Preview: Buy ACI Stock Before Possible Kroger Merger?
- 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.
- 10/14/2022
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Biggest stock movers of the week: Kroger, Albertsons, Pepsi, Delta
- Yahoo Finance Live's Seana Smith wraps up the trading week by taking a look at the biggest movers of the week.
- 10/14/2022
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Kroger, Albertsons stocks down amid news of $24.6 billion merger
- Yahoo Finance Live's David Briggs discusses stock performance for Kroger and Albertsons amid news that Kroger has acquired the U.S. grocer in a $24.6 billion merger.
- 10/14/2022
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Why did Kroger buy Albertsons? My three takes
- Grocery store giant The Kroger Co. (NYSE: KR) announced Friday a merger with rival Albertsons Companies Inc. (NYSE: ACI) as part of a $24.6 billion deal. Kroger, the second largest grocery store retail based on its market share, will see its business combine with the fourth largest grocer.
- 10/14/2022
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Kroger, Albertsons to merge in $24.6B deal
- Kroger is acquiring Albertsons for $34.10 per share in a deal valued at around $24.6 billion. Kroger CEO Rodney McMullen will continue to lead the combined company.
- 10/14/2022
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Here Are Two Less-Known Winners In The Kroger-Albertsons Merger
- Kroger's announcement that it plans to buy rival grocer Albertsons for $24.6 billion will be a relief for investors Cerberus Capital Management and a windfall for Albertsons top executives.
- 10/14/2022
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Kroger has to win over Wall Street and Washington on its Albertsons deal – here's how it plans to do that
- Kroger and Albertsons must persuade federal regulators, investors and shoppers that the deal is beneficial.
- 10/14/2022
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REIT Kimco Realty sold more than $300 million of Albertsons stock after buyout deal with Kroger was announced
- Kimco Realty Corp. said Friday that it sold off more than a quarter of its stake in Alberstons Companies Inc. ACI, -7.74% , after Albertsons announced the deal to be acquired by Kroger Co. KR, -5.89% in a deal valued at $24.6 billion. Kimco said it sold 11.5 million Albertsons shares to generate proceeds of about $301.1 million, which implies a sale price of roughly $26.18.
- 10/14/2022
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Did Kroger and Albertsons just create a grocery delivery powerhouse?
- The grocery delivery wars have a new challenger. Long a two-horse race between Amazon and Walmart, the playing field may have shifted with Kroger's (NYSE: KR) acquisition of Albertsons (NYSE: ACI), combining the second- and fourth-largest grocers in the country in terms of market share.
- 10/14/2022
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$25B Kroger, Albertsons Merger Deal Could Close 400 Stores
- A $25 billion merger deal was struck between two of the biggest supermarket chains in the country, a move anticipated to force the closure of 400 locations to keep regulatory scrutiny at bay. Kroger bid $34.10 per share, or $20 billion, for Albertsons and will also assume $4.
- 10/14/2022
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Kroger to buy rival Albertsons for $20B as it looks to take on Walmart
- The deal will likely get heavy scrutiny from antitrust regulators, especially at a time of high food price inflation.
- 10/14/2022
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Unpacking the Seismic Kroger, Albertsons Merger
- The grocery world has been upended.
- 10/14/2022
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Super-Sized Supermarket Merger
- Kroger announced it will acquire smaller rival Albertsons in a deal that will create a super-sized new grocery giant.
- 10/14/2022
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Ocado could expand its US presence with Kroger and Albertsons merger
- The Kroger Co's plans to acquire rival Albertsons Companies Inc, one of the biggest deals in US grocery history, could spell good news for Ocado Group PLC (LSE:OCDO). Kroger, the largest US grocery store, also happens to be Ocado's biggest client, and its merger with Albertsons could provide it with the leverage to compete with the likes of Wal-Mart Inc and Amazon.com.
- 10/14/2022
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Kroger seeks to form mega-grocer amid plans to buy Albertsons
- Kroger is planning to acquire Albertsons in a $24.6 billion deal that would form a mega-grocer chain.
- 10/14/2022
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Kroger (KR) Stock Falls on Albertsons Deal
- Kroger's (NYSE: KR ) stock fell about 3% in premarket trade on Oct. 14 after it agreed to buy Albertson's Companies (NYSE: ACI ) for $24.6 billion. Albertson's was also down in the pre-market, but it had risen 11% on Oct. 13.
- 10/14/2022
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Can a Kroger-Albertson's Merger Win SEC Approval?
- The two largest grocery store chains in the United States have agreed to merge. As predicted by a Thursday report from Bloomberg, Kroger Co. (NYSE: KR) will acquire Albertsons Companies Inc. (NYSE: ACI) in a cash and stock deal valued at $34.10 per Alberstons' share.
- 10/14/2022
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Kroger to Buy Rival Albertsons for $24.6 Billion
- Kroger agrees to buy Albertsons for $34.10 a share.
- 10/14/2022
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Kroger announces deal to merge with Albertsons to form a mega grocery chain
- Kroger announced it's merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined.
- 10/14/2022
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Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
- Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion.
- 10/14/2022
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Kroger to buy Albertsons in $24.6 bln deal
- Kroger Co. KR, +1.15% has announced a $24.6 billion deal to buy Albertsons Cos. Inc. ACI, +11.53%.
- 10/14/2022
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Kroger reaches deal to buy rival grocery company Albertsons for $24.6 billion
- Kroger is the second largest grocer by market share in the United States, behind Walmart, and Albertsons is fourth, after Costco.
- 10/14/2022
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Albertsons Companies, Inc. (ACI) Moves 11.5% Higher: Will This Strength Last?
- Albertsons Companies, Inc. (ACI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 10/14/2022
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Kroger in talks to merge with US grocery rival Albertsons - reports
- The Kroger Co (NYSE:KR) is in talks to merge with smaller US grocery rival Albertsons Companies Inc in a tie-up that would create a supermarket titan, Reuters has reported, citing people familiar with the matter. The merger of the No.
- 10/14/2022
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Kroger Said to Be in Talks to Buy Rival Albertsons
- Kroger Co. is said to be in talks to buy rival grocer Albertsons Cos. in a deal that would create a US grocery giant, according to people familiar with the matter.
- 10/13/2022
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Kroger, Albertsons in talks for possible merger
- Yahoo Finance Live anchors Rachelle Akuffo, Dave Briggs and Seana Smith discuss reports that Kroger is eyeing U.S. grocer Albertsons for a possible merger.
- 10/13/2022
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Albertsons Seeks Online Safety With Kroger
- A merger could help free up money for technology and logistics investment, if it is approved by regulators.
- 10/13/2022
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Why A Kroger/Albertsons Merger Is A Bad Idea
- Grocery giants Kroger and Albertsons are reportedly in talks to merge. But there are many reasons why regulators may not want this combination to happen.
- 10/13/2022
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Kroger, Albertsons Reportedly in Talks to Join Forces Against Walmart
- In the fight for share of stomach, the leading pure-play grocers are teaming up against mega-retailers. The Kroger Co., the largest pure-play grocery retailer in the United States, is in talks with its competitor, second-largest pure-play grocer Albertsons Companies, to merge, according to sources familiar with the matter, as Bloomberg News reported Thursday (Oct. 13).
- 10/13/2022
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Kroger in talks with rival to create supermarket giant: report
- Kroger, which also houses supermarket chains such as Fred Meyer, Ralphs and King Soopers, trails Walmart, the top grocer in the country.
- 10/13/2022
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Grocery chains Kroger, Albertsons in talks for possible merger: report
- A possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives.
- 10/13/2022
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Kroger and Albertsons in Deal Talks to Create Supermarket Giant
- The potential combination that could unite the two largest supermarket operators in the U.S., according to people familiar with the matter.
- 10/13/2022
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Kroger in talks to buy Albertsons, sources tell CNBC
- CNBC's David Faber reports on a potential deal and ongoing talks between Kroger and Albertsons, according to sources. The companies may agree to a deal as soon as this week, but it is not final, sources told CNBC's David Faber.
- 10/13/2022
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Albertsons Has Been Looking for a Deal. It May Have Found One With Kroger as Suitor.
- Albertsons said earlier this year it had started a strategic review to consider potential transactions and other moves.
- 10/13/2022
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Shares of Albertsons jump on report of potential merger with grocery giant Kroger
- Shares of Albertsons jumped and were briefly halted on Thursday morning, after a report that the grocery chain is discussing a merger with grocery giant Kroger.
- 10/13/2022
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Albertsons (ACI) Lined Up for Q2 Earnings: What's in Store?
- Albertsons' (ACI) second-quarter results are likely to reflect its focus on enhancing digital and omnichannel capabilities as well as efforts to boost productivity.
- 10/13/2022
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Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
- Investors need to pay close attention to Albertsons Companies (ACI) stock based on the movements in the options market lately.
- 10/13/2022
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ACI vs. KMB: Which Stock Is the Better Value Option?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 10/11/2022
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Albertsons Companies Announces Second Quarter Fiscal 2022 Earnings Release and Conference Call Date
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the second quarter of fiscal 2022 on Tuesday, Oct. 18, 2022.
- 10/05/2022
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Costco and Albertsons are using this tech startup to reduce waste and lower carbon emissions
- Smarter Sorting offers a way to reduce regulatory costs of recycling and reuse by showing companies exactly what is in their products.
- 09/20/2022
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4 Consumer Products Stocks to Watch Amid Industry Hurdles
- The Zacks Consumer Products - Staples industry players are bearing the brunt of cost input inflation. However, solid online sales and saving efforts keep Chewy (CHWY), Albertsons Companies (ACI), Grocery Outlet (GO) and Ollie's Bargain (OLLI) well-placed.
- 09/14/2022
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Budget retailers resilient against inflation: Oppenheimer's Rupesh Parikh
- Rupesh Parikh, managing director and senior analyst at Oppenheimer, joins 'Power Lunch' to discuss retail demand at budget stores, including Costco, Dollar General, and Walmart.
- 09/13/2022
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Top Stocks To Invest In Right Now? 3 Consumer Staples Stocks To Know
- Are these the best stocks to invest in during a recession?
- 09/10/2022
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Albertsons: A Better Future Ahead With Or Without M&A
- ACI enjoyed another record figure on its top line, which snowballed to its growing bottom line, thanks to its effort to improve operational efficiency. The company is on track to providing meaningful productivity savings in the next few years.
- 09/01/2022
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3 Stocks to Buy Before the Housing Market Crashes
- The notion of a looming housing market crash appears to be picking up steam. There are multiple signs the ongoing correction could morph into something worse.
- 08/26/2022
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The 3 Best Sectors for a Bear Market
- This has not been a kind year for investors. In fact, the S&P 500 fell 21% in the first half of the year.
- 08/10/2022
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Does Albertsons Companies, Inc. (ACI) Have the Potential to Rally 31% as Wall Street Analysts Expect?
- The consensus price target hints at a 30.9% upside potential for Albertsons Companies, Inc. (ACI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 07/29/2022
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ACI or GO: Which Is the Better Value Stock Right Now?
- ACI vs. GO: Which Stock Is the Better Value Option?
- 07/28/2022
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Albertsons (ACI) Q1 Earnings Top, Identical Sales Rise, View Up
- Albertsons' (ACI) first-quarter results reflect enhanced digital and omni-channel capabilities as well as efforts to boost productivity.
- 07/27/2022
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Albertsons Companies, Inc. (ACI) CEO Vivek Sankaran on Q1 2022 Results - Earnings Call Transcript
- Albertsons Companies, Inc. (NYSE:ACI ) Q1 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Melissa Plaisance - SVP, IR Vivek Sankaran - CEO Sharon McCollam - President and CFO Conference Call Participants John Heinbockel - Guggenheim Michael Kessler - Morgan Stanley Paul Lejuez - Citi Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheimer Ken Goldman - JPMorgan Michael Montani - Evercore ISI Scott Mushkin - R5 Capital Robert Moskow - Credit Suisse Melissa Plaisance Good morning, and thank you for joining us for the Albertsons Company's First Quarter 2022 Earnings Conference Call. With me today from the company are Vivek Sankaran, our CEO; and Sharon McCollam, our President and CFO.
- 07/26/2022
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Albertsons Turns up ‘Sticky' Digital Engagement Efforts as Shoppers Seek Deals on Groceries
- In the face of rising food costs, grocers are challenged to find ways to assuage customers' anxieties without overly narrowing their already razor-thin margins.
- 07/26/2022
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Albertsons beats on profit and sales, raises guidance
- Albertsons Cos. Inc. ACI, +0.19% shares rose 1.8% in Tuesday premarket trading after the grocer reported fiscal first quarter earnings that beat expectations and raised its full-year guidance.
- 07/26/2022
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Albertsons (ACI) to Report Q1 Earnings: What's in Store?
- Albertsons Companies' (ACI) first-quarter results are likely to reflect its focus on enhancing digital and omni-channel capabilities as well as efforts to boost productivity.
- 07/20/2022
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Here's Why Albertsons' (ACI) is Staying Ahead of the Curve
- Albertsons Companies' (ACI) focus on providing efficient in-store services, enhancing digital and omni-channel capabilities, and increasing productivity is contributing to its upbeat performance.
- 07/07/2022
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Why Albertsons Was a Dog of a Stock This Week
- A key executive steps down from the company.
- 07/01/2022
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7 Value Stocks to Buy in July 2022
- Investors should pay a lot of attention to high-quality value stocks with sound fundamentals and low valuations. The post 7 Value Stocks to Buy in July 2022 appeared first on InvestorPlace.
- 07/01/2022
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The Grocery Trade: Albertsons Looks Cheap With A Favorable Technical Setup
- Food inflation continues to soar, which has been a net positive for many retail grocery chains. Albertsons exhibits a below-industry earnings multiple with improving free cash flow yield.
- 06/27/2022
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Albertsons' (ACI) Omnichannel & Digitization Key to Growth
- Albertsons Companies' (ACI) focus on providing efficient in-store services, enhancing digital and omni-channel capabilities, and increasing productivity has been contributing to its upbeat performance.
- 06/15/2022
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Is This Drug Store Stock the Right Pick for Dividend Investors?
- Albertsons Companies, Inc. (NYSE:ACI) is one of the largest food and drug retailers in the United States.
- 06/10/2022
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Will Albertsons outperform due to its high return on equity for low beta?
- Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020.
- 05/25/2022
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Albertsons (ACI) Gains Market Share on Operational Strength
- Albertsons Companies (ACI) has been directing resources toward expanding digital and omni-channel capabilities in order to better engage with members and provide them a convenient way to shop.
- 05/25/2022
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The 7 Best Retail Stocks to Buy Now
- The best retail stocks include some that investors might not expect. These 7 have strong prospects.
- 05/24/2022
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Grocery chain Albertsons to start using self-checkout carts
- Grocery chain Albertsons will start using self-checkout carts in an effort to make in-person shopping easier. The carts are made by Veeve, a Seattle-based start-up founded by two former Amazon employees in 2018.
- 05/19/2022
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Albertsons Expands Smart Cart Test as Grocers Aim to Remove Friction From Self-Checkout
- As online grocery adoption rises, brick-and-mortar grocers are challenged to bring the frictionless convenience consumers have come to expect into their physical stores. Many shoppers are growing frustrated with long waits in line to check out with cashiers.
- 05/19/2022
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Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores
- Companies like Amazon, Instacart and others have launched smart grocery carts that aim to speed up the shopping process.
- 05/19/2022
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Sector Rotation And 9 Stocks To Watch During A Recession
- Is the United States heading toward a recession? This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market's inverted yield curve.
- 05/18/2022
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Albertsons (ACI) Soars 54% in a Year, Drives Omnichannel Space
- Albertsons (ACI) focuses on enhancing its digital and omni-channel capabilities and boosting productivity. ACI is steadily strengthening its delivery capabilities as well.
- 05/17/2022
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Albertsons (ACI), Uber Extend Deal to Expedite Grocery Delivery
- In a bid to offer better and faster delivery, Albertsons (ACI) adds 800 stores to Uber Eats by expanding its partnership with Uber.
- 05/04/2022
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Albertsons, Uber Expand Partnership To 2,000+ Stores Nationwide
- Albertsons Companies Inc (NYSE: ACI) and Uber Technologies Inc (NYSE: UBER) have expanded their partnership to include more than 2,000 of the grocer's banner stores nationwide through Uber Eats. Some of the banner stores included are Albertsons, Safeway, Jewel-Osco,.
- 05/03/2022
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Albertsons pledges zero food waste to landfills by 2030
- Albertsons Cos. Inc. ACI, -0.24% released its "Recipe for Change" environmental, social and governance (ESG) framework on Wednesday, which includes a pledge to send zero food waste to landfills by 2030.
- 04/20/2022
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Albertsons Taps Scent Marketing as Multi-Sensory Experiences Drive Retail Sales
- Grocery giant Albertsons is expanding ad opportunities for consumer-packaged goods (CPG) brands to include new sensory experiences. The grocer's stores in the Chicago and New Jersey areas will pipe in the smell of freshly baked cheesecake near designated coolers selling Philadelphia Cream Cheese, per a recent Kraft Heinz announcement.
- 04/15/2022
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Three Beaten Down Mega Caps The Analysts Are Upgrading
- The market has taken a beating over the past few months and many of the leading names were beaten down with it. In many cases, as with NVIDIA (NASDAQ: NVDA), Albertsons (NYSE: ACI), and UPS (NYSE: UPS), the pressure on shares is due more to the fear of underperformance than anything else.
- 04/15/2022
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Albertsons (ACI) Q4 Earnings Beat, Identical Sales Rise 7.5%
- Albertsons Companies' (ACI) fourth-quarter results reflect enhanced digital and omni-channel capabilities as well as efforts to boost productivity.
- 04/13/2022
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Albertsons Companies (ACI) CEO, Vivek Sankaran on Q4 2021 Results - Earnings Call Transcript
- Albertsons Companies Inc. (NYSE:ACI ) Q4 2021 Earnings Conference Call April 12, 2022 9:00 AM ET Company Participants Vivek Sankaran - Chief Executive Officer Sharon McCollam - President, Chief Financial Officer Melissa Plaisance - Senior Vice President, Investor Relations Conference Call Participants Robbie Ohmes - Bank of America Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Partners Ken Goldman - JP Morgan Scott Mushkin - R5 Capital Simeon Gutman - Morgan Stanley Erica Eiler - Oppenheimer Karen Short - Barclays Chuck Cerankosky - Northcoast Research Brandon Cheatham - Citi Michael Montani - Evercore ISI Operator Welcome to the Albertsons Companies fourth quarter and fiscal year 2021 earnings conference call, and thank you for standing by. All participants will be in listen-only mode until the Q&A session.
- 04/13/2022
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Albertsons Q1 Earnings: An Attractive Play On Food And Drug Retail
- Albertsons Companies has done quite well to grow its business in recent years and its bottom line has benefited as a result. Overall, the company looks to be cheap on both an absolute basis and relative to similar players in the space.
- 04/13/2022
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Albertsons' Shopping Cart Filled With Good News
- Albertsons Companies Inc. ( ACI , Financial) overcame both a scarcity of labor and higher costs to beat sales and earnings estimates in its fourth quarter of fiscal 2021. On Tuesday, the Boise, Idaho-based company reported results for its fourth quarter and full year of fiscal 2021, which ended on Feb. 26, 2022.
- 04/12/2022
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Best Stocks To Invest In Right Now? 3 Consumer Staples Stocks To Know
- Could these consumer staples names be recession-proof stocks worth noting?
- 04/12/2022
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Albertsons Digital Sales Growth Slowed to Single Digits in 2021
- Digital sales growth for grocery chain Albertsons Companies slowed to 5% in the fourth quarter of fiscal year 2021 and for the full fiscal year, reflecting a large-scale return of shoppers to stores to pick their own groceries after the pandemic triggered two-year surges of 287% for Q4 and 263% for the fiscal year, according […]
- 04/12/2022
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Albertsons' Q4 Earnings Top Estimates
- Albertsons Companies Inc (NYSE: ACI) reported a fourth-quarter FY21 sales growth of 10.2% to $17.4 billion, beating the consensus of $16.74 billion. Identical sales increased by 7.5%; on a two-year stacked basis, Identical sales growth was 19.3%.
- 04/12/2022
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Albertsons swings to a profit, offers guidance ahead of expectations
- Albertsons Cos. Inc. ACI, -1.42% posted net income totaling $455.1 million, or 79 cents per share, after a loss of $144.2 million, or 37 cents per share.
- 04/12/2022
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Albertsons (ACI) Lined Up for Q4 Earnings: Key Factors to Note
- Albertsons Companies' (ACI) fourth-quarter results are likely to reflect the focus on enhancing digital and omni-channel capabilities as well as efforts to boost productivity.
- 04/11/2022
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Is a Surprise Coming for Albertsons Companies (ACI) This Earnings Season?
- Albertsons Companies (ACI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/11/2022
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Cramer's week ahead: Own stocks that are cheap on a price to earnings basis
- "You need to own companies that make stuff and do things profitably, but ... with stocks that remain cheap on a price to earnings basis," Cramer said.
- 04/08/2022
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Gina Sanchez's top three stocks: United Health, Albertsons, JPMorgan Chase
- Gina Sanchez, CEO of Chantico Global and chief market strategist for Lido Advisors, joins 'The Exchange' to discuss her three top stocks and one bail. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
- 04/08/2022
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Earnings Previews: Albertsons, CarMax, OrganiGram
- There were no notable earnings reports out after markets closed Thursday or before they opened Friday morning, so we have taken a moment to look at a few companies that reported late Wednesday or early Thursday.
- 04/08/2022
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Albertsons' (ACI) Omnichannel, Digitization Efforts Fuel Sales
- Albertsons Companies (ACI) has been directing resources toward expanding digital and omni-channel capabilities in order to better engage with members and provide them a convenient way to shop.
- 04/04/2022
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Supermarket Chain Albertsons to Accept Supplemental Benefits for Produce, Wellness Items
- Supermarket chain Albertsons announced Wednesday (March 30) that its customers can now use supplemental benefits to buy over-the-counter medicines and fresh produce. According to the press release, eligible customers can conveniently use prepaid cards funded through Medicare Advantage plans, employer incentives, healthcare providers or local governments.
- 03/30/2022
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7 Reddit Stocks Likely to Withstand Any Recession in 2022
- These Reddit stocks come from a range of industries, including pharmaceuticals and retailers, and can easily withstand market turmoil. The post 7 Reddit Stocks Likely to Withstand Any Recession in 2022 appeared first on InvestorPlace.
- 03/22/2022
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Albertsons continues gaining market support. Best time to buy?
- Albertsons Companies, Inc. (NYSE:ACI) is on a bullish trend that started three weeks ago. The stock, which is in the consumer staples sector, is among those expected to gain this week.
- 03/22/2022
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Albertsons deploys 20-minute COVID testing at pharmacies nationwide
- The collaboration between Albertsons Companies and Cue Health will help expand access to fast coronavirus testing to consumers, offering results in about 20 minutes, according to Albertsons.
- 03/22/2022
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Here's Why Albertsons (ACI) is Marching Ahead of Industry
- Albertsons Companies' (ACI) focus on providing efficient in-store services, enhancing digital and omni-channel capabilities, and increasing productivity has been contributing to its upbeat performance.
- 03/16/2022
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New Strong Buy Stocks for March 9th
- ASIX, ACI, AA, GIL, and HLI have been added to the Zacks Rank #1 (Strong Buy) List on March 9, 2022.
- 03/09/2022
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Why Albertsons Stock Rose as Much as 20% This Week
- The grocery chain's board announced that it was looking to get strategic and investors seem to think that will lead to good things.
- 03/03/2022
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Albertsons Companies, Inc. (ACI) Surges 7.7%: Is This an Indication of Further Gains?
- Albertsons Companies, Inc. (ACI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 03/02/2022
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Is Albertsons Companies, Inc. (ACI) Outperforming Other Consumer Staples Stocks This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Tyson Foods (TSN) have performed compared to their sector so far this year.
- 03/02/2022
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Why Albertsons Rocketed Higher Today, Defying the Market Swoon
- Management announced a "strategic review" of the company, which could mean a sale.
- 03/01/2022
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Albertsons starts strategic review, shares rise
- Albertsons Cos Inc said on Monday it had started a review of potential strategic alternatives, including financial deals, nearly two years after the U.S. grocer went public.
- 02/28/2022
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Albertsons unveils 'review' of assets, businesses, stock rallies 9%
- Albertsons Cos. Inc. ACI, -1.92% said late Monday its board is looking at "potential strategic alternatives aimed at enhancing Albertsons' growth and maximizing shareholder value," including what the company described as "potential strategic or financial transactions" as well as "responding to inquiries.
- 02/28/2022
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Buy These 4 Low-Beta Stocks to Counter the Choppy Market
- It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Stride (LRN), Euroseas (ESEA), Vocera (VCRA) and Albertsons Companies (ACI) are well poised to gain.
- 02/21/2022
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DoorDash adds express grocery delivery with Albertsons
- Just a few days after DoorDash released its Q4 2021 earnings report, which reflected strong growth in nonrestaurant orders, the company is doubling down on one of its emerging verticals: grocery. On Thursday, the food delivery platform launched an express grocery delivery service in partnership with massive nationwide grocer Albertsons, through which it will deliver groceries to consumers in over 20 major U.S. cities like Los Angeles, Denver and Seattle in under 30 minutes.
- 02/18/2022
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DoorDash Unveils Express Grocery Delivery Service With Albertsons Companies
- DoorDash Inc (NYSE: DASH) has partnered with Albertsons Companies Inc (NYSE: ACI) to launch an express grocery delivery service. Consumers in more than 20 major cities across the U.S. will now be able to access express grocery delivery from their local Albertsons Cos.
- 02/17/2022
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DoorDash (DASH) Introduces Express Grocery Delivery With Albertsons Companies (ACI)
- DoorDash (NYSE: DASH) has introduced express grocery delivery in partnership with Albertsons Companies (NYSE: ACI). These are the details.
- 02/17/2022
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7 Grocery Outlet Stocks That Will Benefit From The Rising Inflation Trend
- Following the recent release of Consumer Price Index (CPI) data from January, inflation is flashing warning signs as prices soared 7.5% compare to a year ago, and have increased by 0.6% from the previous month. Telsey Advisory Group says the Food-At-Home CPI accelerated to 7.4%, with Food PPI remaining high in the double digits at 12.1%.
- 02/15/2022
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Albertsons Companies (ACI) Likely to Sustain Bull Run in 2022
- Albertsons Companies' (ACI) focus on providing efficient in-store services, enhancing digital and omni-channel capabilities, and increasing productivity has been contributing to its upbeat performance.
- 02/14/2022
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California jury orders Albertsons to pay $4.3 million to a man who broke his nose and suffered a severe brain injury after slipping on a wet floor
- The victim, known as Mr. M., suffered from a broken nose and a subdural hematoma while shopping at the supermarket chain.
- 02/12/2022
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ACI or KMB: Which Is the Better Value Stock Right Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 02/09/2022
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7 Lesser-Known Retail Stocks to Check Out Now
- While the stock market continues its reevaluation process, the one sector that has been buoyed by recent economic news is retail stocks. The post 7 Lesser-Known Retail Stocks to Check Out Now appeared first on InvestorPlace.
- 01/31/2022
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5 Lucrative PEG Stocks for Value Investors
- Here are five value stocks, ACI, LH, PSX, FDX and SWRAY, matching our criteria.
- 01/18/2022
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Albertsons: All Eyes On Share Price Correction And 2022 Outlook
- Albertsons' valuations relative to its peer Kroger, and the overhang relating to common stock conversion by preferred stock holders are factors that might have caused its recent share price correction. Slower revenue growth and lower profit margins for ACI in FY 2022 appear to be very likely, which could be another factor that led to its stock price weakness
- 01/18/2022
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Best Momentum Stocks to Buy for January 14th
- ACI, BK, and GPI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 14, 2022
- 01/14/2022
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New Strong Buy Stocks for January 14th
- ACI, GPI, TSLA, SPB, and BK have been added to the Zacks Rank #1 (Strong Buy) List on January 14, 2022.
- 01/14/2022
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Best Income Stocks to Buy for January 14th
- SPB, ACI, and NGLOY made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 14, 2022
- 01/14/2022
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Best Value Stocks to Buy for January 14th
- GPI, ACI, and NGLOY made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 14, 2022
- 01/14/2022
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Albertsons Sinks as Rising Inflation Makes Groceries Much More Expensive
- Higher expenses, supply chain woes, and rising labor costs overshadowed the supermarket's sales and earnings beat.
- 01/13/2022
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4 Consumer Products Stocks to Watch Amid Industry Hurdles
- The Zacks Consumer Products - Staples industry players are seeing cost inflation and supply-chain disruptions. Nonetheless, solid online sales and saving efforts keep Kimberly-Clark (KMB), Newell Brands (NWL), Albertsons Companies (ACI) and Tupperware Brands (TUP) well positioned.
- 01/12/2022
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Albertsons (ACI) Beats on Q3 Earnings, Raises FY21 Outlook
- Albertsons (ACI) third-quarter results reflect enhanced digital and omni-channel capabilities as well as efforts to boost productivity. However, supply chain bottlenecks and inflationary pressure are denting margins.
- 01/12/2022
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Albertsons Companies, Inc. (ACI) CEO Vivek Sankaran on Q3 2021 Results - Earnings Call Transcript
- Albertsons Companies, Inc. (ACI) CEO Vivek Sankaran on Q3 2021 Results - Earnings Call Transcript
- 01/11/2022
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Albertsons' Mobile Updates See Sales Continue to Trend Upward
- On the strength of its digital investments, Albertsons continues to see its sales rise not only over pre-pandemic levels but also over late-2020, mid-quarantine highs. In the quarter ended Dec. 4, which followed on the heels of the grocer's launch of a new app back in August, the grocer's loyalty program membership grew 17% to […]
- 01/11/2022
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Albertsons Beats Earnings Estimates and Lifts Guidance. The Stock Is Down Anyway.
- The supermarket chain boosts its same-store sales outlook for the fiscal year.
- 01/11/2022
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Albertsons beats expectations, raises guidance
- Albertsons Cos. Inc. ACI, +2.21% shares jumped 5.6% in Tuesday premarket trading after the grocer reported fiscal third-quarter results that beat the Street and raised its full-year outlook.
- 01/11/2022
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Albertsons Companies (ACI) to Post Q3 Earnings: Factors to Note
- Albertsons Companies' (ACI) third-quarter results are likely to reflect the focus on enhancing digital and omni-channel capabilities as well as efforts to boost productivity.
- 01/10/2022
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Is a Surprise Coming for Albertsons Companies (ACI) This Earnings Season?
- Albertsons Companies (ACI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/10/2022
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ACI or KMB: Which Is the Better Value Stock Right Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 01/07/2022
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Earnings Previews: Albertsons, Commercial Metals, Tilray
- The first results are in for quarterly earnings reports out in January. Of the companies we previewed earlier this week, Bed Bath & Beyond, Conagra Brands and Schnitzer Steel all missed profit estimates, and the first two also missed on revenues as well.
- 01/06/2022
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Albertsons Companies Announces Third Quarter Fiscal 2021 Earnings Release and Conference Call Date
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the third quarter of fiscal 2021, which ended December 4, 2021, before the market opens on Tuesday, January 11, 2022. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" lin
- 01/03/2022
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Albertsons Companies, Inc. (ACI) Gains As Market Dips: What You Should Know
- Albertsons Companies, Inc. (ACI) closed at $30.19 in the latest trading session, marking a +0.07% move from the prior day.
- 12/31/2021
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Albertsons Companies, Inc. (ACI) Gains But Lags Market: What You Should Know
- In the latest trading session, Albertsons Companies, Inc. (ACI) closed at $29.90, marking a +0.34% move from the previous day.
- 12/23/2021
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ACI vs. KMB: Which Stock Is the Better Value Option?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 12/20/2021
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Albertsons Companies, Inc. (ACI) Gains As Market Dips: What You Should Know
- In the latest trading session, Albertsons Companies, Inc. (ACI) closed at $30.63, marking a +1.66% move from the previous day.
- 12/16/2021
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Albertsons Companies, Inc. (ACI) Upgraded to Strong Buy: What Does It Mean for the Stock?
- Albertsons Companies, Inc. (ACI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 12/16/2021
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New Strong Buy Stocks for December 16th
- BERY, CPRI, GNK, WSM, and ACI have been added to the Zacks Rank #1 (Strong Buy) List on December 16th.
- 12/16/2021
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Albertsons Debuts Meal Planning Solutions and Auto-Replenishment Features
- Grocery giant Albertsons Companies, Inc. on Tuesday (Dec. 14) launched Meal Planning and Schedule & Save digital options to give loyalty members access to integrated menu planning, shopping list creation and the option to auto-replenish essential items on their lists. The new features are part of Albertson's goal to overhaul its digital offerings and improve […]
- 12/14/2021
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UBS Sees 10% Upside In Albertsons
- Albertsons Companies Inc (NYSE:ACI) has launched two new digital offerings, namely, Meal Planning and Schedule & Save. The new features will offer loyalty members integrated menu planning and shopping list creation and the ability to auto-replenish essential items on their lists.
- 12/14/2021
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Albertsons Companies, Inc. (ACI) Gains But Lags Market: What You Should Know
- In the latest trading session, Albertsons Companies, Inc. (ACI) closed at $30.70, marking a +0.62% move from the previous day.
- 12/10/2021
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Best Growth Stocks to Buy for December 9th
- ACI, HHR, TGLS, and SIG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 9, 2021
- 12/09/2021
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New Strong Buy Stocks for December 9th
- GOLF, OSS, PAG, SM, and ACI have been added to the Zacks Rank #1 (Strong Buy) List on December 9th.
- 12/09/2021
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Is Albertsons Companies, Inc. (ACI) Stock Outpacing Its Consumer Staples Peers This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Coty (COTY) have performed compared to their sector so far this year.
- 12/08/2021
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Best Growth Stocks to Buy for December 3rd
- CPRI, ABG, CWK, and ACI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 3, 2021.
- 12/03/2021
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Albertsons Companies, Inc. (ACI) Stock Moves -0.68%: What You Should Know
- Albertsons Companies, Inc. (ACI) closed the most recent trading day at $35.19, moving -0.68% from the previous trading session.
- 11/30/2021
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New Strong Buy Stocks for November 30th
- KSS, SPH, WCC, ACI, and CAL have been added to the Zacks Rank #1 (Strong Buy) List on November 29th.
- 11/30/2021
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5 Dividend Stocks Could Be Big Winners After the New COVID-19 Variant Shock
- While most everyone in the scientific community suspected that cases of COVID-19 would spike as we got closer to winter in the northern and the eastern parts of the country, similar to the spike in the South during the summer, most of the pundits were not expecting a new variant from South Africa to pop up.
- 11/29/2021
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Should Value Investors Buy These Consumer Staples Stocks?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/25/2021
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Albertsons Companies, Inc. (ACI) Stock Sinks As Market Gains: What You Should Know
- Albertsons Companies, Inc. (ACI) closed the most recent trading day at $34.83, moving -1.22% from the previous trading session.
- 11/24/2021
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Albertsons Companies, Inc. (ACI) Hits 52-Week High, Can the Run Continue?
- Albertsons Companies, Inc. (ACI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 11/23/2021
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7 Food Stocks to Buy Ahead of Thanksgiving and Christmas Feasts
- As the holiday season begins, now may be the right time to stock up your portfolio with these seven reasonably-priced food stocks. The post 7 Food Stocks to Buy Ahead of Thanksgiving and Christmas Feasts appeared first on InvestorPlace.
- 11/22/2021
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Is Albertsons Companies, Inc. (ACI) Stock Outpacing Its Consumer Staples Peers This Year?
- Here is how Albertsons Companies, Inc. (ACI) and Coty (COTY) have performed compared to their sector so far this year.
- 11/22/2021
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7 Consumer Stocks to Buy as the Sector Heats Up
- Consumer stocks had a bad 2020. However, they are back with a bang this year, making them one of the can't-miss segments for your portfolio.
- 11/19/2021
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Best Growth Stocks to Buy for November 18th
- FRG, ACI, DOW, and ON made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 18, 2021.
- 11/18/2021
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New Strong Buy Stocks for November 18th
- SPH, ACI, CVCO, GIL, and FRG have been added to the Zacks Rank #1 (Strong Buy) List on November 18th
- 11/18/2021
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Best Value Stocks to Buy for November 18th
- SPH, RM, FRG, and ACI made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 18, 2021.
- 11/18/2021
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ACI vs. KMB: Which Stock Should Value Investors Buy Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 11/17/2021
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Best Growth Stocks to Buy for November 15th
- M, FRG, CSV, and ACI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 15, 2021.
- 11/15/2021
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Combat Market Volatility With These 4 Low-Beta Stocks
- It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Vista Outdoor (VSTO), AMN Healthcare (AMN), Standard Motor (SMP) & Albertsons (ACI) are well poised to gain.
- 11/15/2021
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New Strong Buy Stocks for November 10th
- ACI, CIB, HCC, CF, and PCB have been added to the Zacks Rank #1 (Strong Buy) List on November 10th.
- 11/10/2021
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Best Growth Stocks to Buy for November 8th
- ACI, GIL, and ON made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 8, 2021.
- 11/08/2021
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Surging Earnings Estimates Signal Upside for Albertsons Companies, Inc. (ACI) Stock
- Albertsons Companies, Inc. (ACI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/05/2021
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Albertsons Partners With CDC To Supply COVID-19 Vaccines For Children
- Albertsons Companies Inc (NYSE: ACI) has partnered with the Centers for Disease Control and Prevention (CDC) to make COVID-19 vaccines and pharmacy staff available to school clinics for newly eligible groups of children ages 5 to 11-years-old. Albertsons' 1,730 pharmacies will ensure school clinics are ready to administer pediatric doses of the COVID-19 vaccine to the 28 million children who are now eligible.
- 11/04/2021
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Best Growth Stocks to Buy for October 28th
- ACI, DVN, and JBL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 28, 2021.
- 10/28/2021
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Best Growth Stocks to Buy for October 27th
- RRC, APA, ACI, and SIG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 27, 2021
- 10/27/2021
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7 Companies That Raised Their Dividends This Week
- Albertsons, Crown Castle International, and American Electric Power were among the larger U.S. companies that declared dividend increases this week.
- 10/25/2021
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New Strong Buy Stocks for October 19th
- ACI, R, SGH, DFH, and URBN have been added to the Zacks Rank #1 (Strong Buy) List on October 19, 2021.
- 10/19/2021
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Albertsons Companies Inc.'s (ACI) CEO Vivek Sankaran on Q2 2021 Results - Earnings Call Transcript
- Albertsons Companies Inc.'s (ACI) CEO Vivek Sankaran on Q2 2021 Results - Earnings Call Transcript
- 10/18/2021
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Albertsons CEO on supply chain issues: ‘there's no reason to panic on that front'
- Shares of Albertsons Companies Inc (NYSE: ACI) were up 5.0% on Monday after the U.S. grocer reported market-beating results for its fiscal second quarter and raised guidance for the full year. Highlights from CEO Sankaran's interview with CNBC's ‘Squawk on the Street' On CNBC's “Squawk on the Street”, CEO Vivek Sankaran agreed that the company […] The post Albertsons CEO on supply chain issues: ‘there's no reason to panic on that front' appeared first on Invezz.
- 10/18/2021
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Albertson's beats estimates, raises guidance
- Yahoo Finance's Brian Sozzi, Julie Hyman, and Brian Cheung break down earnings for Albertsons.
- 10/18/2021
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Albertsons CEO on food prices, supply chain issues and company guidance
- Vivek Sankaran, Albertsons CEO joins 'Squawk on the Street' to discuss Albertson's Q2 earnings report and raising the company guidance. Sankaran explains consumer demand and supply chain issues the company is facing right now.
- 10/18/2021
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Albertsons Stock Gains After Q2 Earnings Beat, Raised FY21 Outlook, Dividend Hike
- Albertsons Companies Inc (NYSE: ACI) reported second-quarter FY21 sales growth of 4.7% year-on-year, to $16.50 billion, beating the analyst consensus of $15.81 billion. Identical sales increased 1.5%.
- 10/18/2021
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ACI Stock: Why The Price Increased Today
- The stock price of Albertsons Companies Inc (NYSE: ACI) increased by over 5% pre-market today. This is why it happened.
- 10/18/2021
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Albertsons raises quarterly dividend by 20% to 12 cents a share
- Supermarket operator Albertsons Cos. Inc. ACI, +0.74% said Monday its board has approved a 20% increase in its quarterly dividend, raising it to 12 cents a share from 10 cents.
- 10/18/2021
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Albertsons Companies, Inc. Reports Second Quarter Fiscal 2021 Results
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. Reports Second Quarter Fiscal 2021 Results
- 10/18/2021
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Albertsons Companies Increases Quarterly Dividend by 20 Percent
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced that its Board of Directors has declared a 20% increase in the quarterly dividend on its common stock, from $0.10 per share to $0.12 per share. At the new rate, the dividend on an annualized basis will be $0.48 per share compared to the previous rate of $0.40 per share. The next quarterly dividend of $0.12 per share of common stock will be paid on November 12, 2021 to stockholders of record as
- 10/18/2021
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ACI or PRPL: Which Is the Better Value Stock Right Now?
- ACI vs. PRPL: Which Stock Is the Better Value Option?
- 10/15/2021
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Earnings Previews: Albertsons, State Street
- Before markets opened Thursday morning, five of the country's largest banks, the largest drugstore chain and the world's largest chipmaker all reported September-quarter results.
- 10/14/2021
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Is it time to cash out Albertsons shares as BMO issues a call to sell?
- On Tuesday, Albertsons Companies Inc. (NYSE:ACI) shares declined by 2.54% after BMO Capital Markets downgraded the stock to underperform from market performance. Analyst Kelly Bania cited Albertsons' weak margins as a concern amid a price-sensitive consumer environment.
- 10/05/2021
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Lordstown & Albertsons stocks downgraded, Nvidia shares rebound
- Yahoo Finance's Brian Sozzi and Julie Hyman discuss the morning's top stock movers, including Lordstown Motors, Albertsons Companies, and Nvidia. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 10/05/2021
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Should Value Investors Buy Albertsons Companies, Inc. (ACI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/04/2021
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Boost Your Income With These Future Dividend Growth All-Stars
- Boost Your Income With These Future Dividend Growth All-Stars
- 09/27/2021
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Albertsons Companies Awarded EPA Safer Choice Partner of the Year for the Fourth Time
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company's efforts to provide products that use safer chemicals. The company was recognized in the “Retailer” category for launching new Safer Choice-certified Own Brands products, raising awareness of the Safer Choice certification, and helping to identify opportunities for educating consumers to make informed buyin
- 09/23/2021
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Albertsons (ACI) & Firework to Launch Short Video Content
- Albertsons (ACI) collaborates with Firework to develop shoppable, short-form videos and livestream content for its website.
- 09/23/2021
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Albertsons Companies To Launch Shoppable Video Experiences With Firework
- Albertsons Companies Inc (NYSE: ACI) has partnered with Firework to launch Shoppable video experiences and livestream. Firework enables its customers to create, host, and curate short-form and livestream videos on any site on the open web.
- 09/22/2021
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Albertsons partners with livestreaming company for shoppable video
- "Shoppertainment" company Firework announced Tuesday that it has partnered with Albertsons Cos. Inc. ACI, +1.57% to create shoppable livestreams and short videos.
- 09/22/2021
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Albertsons partners with livestreaming company for shoppable video
- "Shoppertainment" company Firework announced Tuesday that it has partnered with Albertsons Cos. Inc. ACI, +2.98% to create shoppable livestreams and short videos.
- 09/21/2021
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Albertsons Debuts DoubleDash, Lets Consumers Add Merchants to Grocery Delivery
- Albertsons is teaming with DoorDash to add on orders from local restaurants to their grocery orders, Progressive Grocer reported. That could see things like new dessert orders added on.
- 09/21/2021
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Here's Why This Hot Growth Stock Is Soaring Right Now
- This food-delivery company benefited at the pandemic's onset and is sustaining the momentum.
- 09/18/2021
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Rush for Speedy Deliveries Continue, Retailers Up their Game
- Grocery retailers like Kroger (KR), Walmart (WMT) and Albertsons (ACI) are bolstering their e-commerce capabilities with solutions like deliveries in less than an hour and drone services.
- 09/15/2021
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Why Albertsons Stock Doubled In One Year, And Where It Goes From Here
- Why Albertsons Stock Doubled In One Year, And Where It Goes From Here
- 09/15/2021
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Top Ranked Growth Stocks to Buy for September 7th
- DOW, BCC, ACI, and SIG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 7, 2021
- 09/07/2021
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7 Finest PEG Stocks for GARP Investors
- Here are the stocks, ACI, WLK, OLN, BCC, SNDR, FLEX, and CAR that qualify the screening.
- 09/07/2021
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Why Albertsons Stock Rallied 16% This Week
- Investors are buying this stock mostly because it's going higher, which inspires more buying, which sends it higher, which drives more buying.
- 09/03/2021
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Albertsons Companies, Inc. (ACI) Moves 9.6% Higher: Will This Strength Last?
- Albertsons Companies, Inc. (ACI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 09/03/2021
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Shopping Center REITs: Big Box Boom
- Big Box Is Back: The COVID pandemic has radically transformed consumer spending habits - perhaps permanently - shifting spending towards goods over services and towards larger-format retailers over smaller shops. While enclosed regional malls face a long and uncertain road to recovery, the outlook for open-air Shopping Center REITs has brightened considerably this year. Recent earnings results have been impressive.
- 09/03/2021
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Albertsons Companies to Participate in Goldman Sachs 28th Annual Global Retailing Conference
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) announced today that its CEO, Vivek Sankaran, and President and CFO, Sharon McCollam, will participate in a fireside chat at Goldman Sachs 28th Annual Global Retailing Conference at 3:20 p.m. ET on September 10, 2021. The fireside chat will be webcast here or on the Company's website at https://investor.albertsonscompanies.com/Event-Calendar. A replay of the webcast will be available for at least two weeks following its compl
- 09/02/2021
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Albertsons Companies, Inc. (ACI) Hits 52-Week High, Can the Run Continue?
- Albertsons Companies, Inc. (ACI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 09/01/2021
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4 Consumer Products Stocks in Focus Amid Industry Challenges
- The Zacks Consumer Products - Staples industry players are battling cost inflation, supply-chain woes and volatile demand. However, solid online sales and saving efforts keep Newell Brands (NWL), Chewy (CHWY), Albertsons Companies (ACI) and Tupperware Brands (TUP) well positioned.
- 08/31/2021
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Albertsons Companies Pharmacies Help Public Boost their Immunity for the Upcoming Flu Season as COVID-19 Pandemic Surges
- BOISE, Idaho--(BUSINESS WIRE)--Flu season is approaching and the Centers for Disease Control and Prevention (CDC) is encouraging flu and COVID-19 vaccinations as one of the best ways to stay healthy and minimize the strain on our national health systems. Albertsons Companies pharmacies (NYSE: ACI) are stocked and ready with both vaccines, including COVID-19 booster shots for select patients who are immunocompromised. “Our pharmacy teams are dedicated to protecting the health of the communities
- 08/31/2021
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Dynamic Energy Begins Construction Of Solar Array In Maine As Part Of Albertsons Agreement
- Dynamic Energy Solutions, LLC has obtained financial close and commenced constructing a 6.6 Megawatts (MW) DC ground-mounted solar array in Norridgewock, Maine. The project includes an offtake agreement with Albertsons Companies, Inc. (NYSE: ACI).
- 08/26/2021
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New Strong Buy Stocks for August 26th
- ACI, CRAI, TM, UFI, and BKE have been added to the Zacks Rank #1 (Strong Buy) List on August 26, 2021.
- 08/26/2021
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Top Ranked Growth Stocks to Buy for August 26th
- GIL, WLK, ACI, and CRAI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 26, 2021
- 08/26/2021
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Top Ranked Momentum Stocks to Buy for August 26th
- EPAM, CNTY, GIL, and ACI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 26, 2021
- 08/26/2021
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Dynamic Energy and Soltage Partner to Deliver One of Albertsons Companies' Largest Solar Assets
- WAYNE, Pa., Aug. 26, 2021 /PRNewswire/ -- Dynamic Energy Solutions, LLC today announced that it has achieved financial close and commenced construction of a 6.6 Megawatts (MW) DC ground-mounted solar array in Norridgewock, Maine. The project includes a landmark offtake agreement with Albertsons Companies, Inc. (NYSE: ACI), and it is one of the first and largest commercial solar installations in Maine's burgeoning solar market.
- 08/26/2021
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Albertsons Debuts Instacart Service At 40 Southwest Stores
- Grocery store company Albertsons will be testing Instacart pilots in six major cities, including Dallas, Houston, Austin, Las Vegas, Phoenix and Denver, Supermarket News reported. The company said Tuesday (Aug. 24) it would be rolling out the features in 40 stores in those cities.
- 08/24/2021
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ACI vs. KMB: Which Stock Should Value Investors Buy Now?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 08/23/2021
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Fretting Over S&P 500's Worst Day in a Month? Here're 5 Safe Stocks
- Invest in safe bets like Middlesex Water (MSEX) & Albertsons (ACI) as the delta variant, dip in retail numbers, sluggish China's economy and tensions in Afghanistan threaten to impact the stock market.
- 08/18/2021
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Albertsons Takes On Walmart, Amazon With New E-Grocery Subscription
- Albertsons is getting a digital makeover. The grocery giant announced on Monday (Aug. 16) that it is overhauling its digital offerings with a new app, a new loyalty program and a new e-grocery subscription service.
- 08/16/2021
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Albertsons unveils Prime-like grocery delivery subscription
- One company is seeking to turn grocery shopping from an errand to an activity. Food and drug retailer Albertsons Cos.
- 08/16/2021
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Albertsons Companies, Inc. (ACI) Hits 52-Week High, Can the Run Continue?
- Albertsons Companies, Inc. (ACI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 08/16/2021
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Could Albertsons Stock Extend Its Record Highs?
- Albertsons Companies, Inc. (NYSE:ACI) is a food and drug retailer in the United States.
- 08/13/2021
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Why Albertsons Stock Surged Today
- The supermarket chain's digital transformation efforts could soon receive a boost.
- 08/10/2021
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Top Ranked Growth Stocks to Buy for August 10th
- CRI, DOW, MAN, and ACI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 10, 2021
- 08/10/2021
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New Strong Buy Stocks for August 10th
- ACI, BRBR, CRI, DLA, and WCC have been added to the Zacks Rank #1 (Strong Buy) List on August 10, 2021.
- 08/10/2021
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6 Lucrative PEG Picks Based on Hybrid Investment Strategy
- Here are six GARP stocks, ACI, CAR, TX, CLS, HCA, and ARCB based on discounted PEG.
- 08/10/2021
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Retired Best Buy Transformation Executive, Sharon McCollam, Returns to Retail as Albertsons Companies New President and Chief Financial Officer
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) today announced that Sharon McCollam will join the Company on September 7, 2021, as its President and Chief Financial Officer reporting to Vivek Sankaran, Albertsons Cos. Chief Executive Officer. McCollam will succeed Bob Dimond, who will be retiring and will remain with the Company as an advisor through February 2022 to ensure a seamless transition. McCollam, 59, retired from Best Buy in 2016 where she served as Executive Vice Pre
- 08/10/2021
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ACI vs. CHWY: Which Stock Should Value Investors Buy Now?
- ACI vs. CHWY: Which Stock Is the Better Value Option?
- 08/06/2021
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Top Ranked Growth Stocks to Buy for August 2nd
- ACI, TPX, SHOO, and LECO made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 2, 2021
- 08/02/2021
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New Strong Buy Stocks for August 2nd
- ACI, CCS, WIRE, HSII, and OC have been added to the Zacks Rank #1 (Strong Buy) List on August 2, 2021.
- 08/02/2021
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Albertsons Companies, Inc. (ACI) Hits Fresh High: Is There Still Room to Run?
- Albertsons Companies, Inc. (ACI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/30/2021
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5 Top-Ranked Stocks Likely to Beat Earnings Estimates
- These top-ranked stocks are likely to beat on bottom line in their next releases.
- 07/30/2021
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Albertsons Companies's (ACI) CEO Vivek Sankaran on Q1 2021 Results - Earnings Call Transcript
- Albertsons Companies's (ACI) CEO Vivek Sankaran on Q1 2021 Results - Earnings Call Transcript
- 07/30/2021
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Albertsons raises full-year guidance
- Albertsons Cos. Inc. shares rose 2.8% in Thursday premarket trading after the grocer reported fiscal first-quarter earnings that beat expectations and raised its guidance.
- 07/29/2021
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Albertsons (ACI) to Post Q1 Earnings: What Awaits the Stock?
- Albertsons (ACI) first-quarter results are likely to reflect impact of lower demand, stemming from reduced-at-home consumption trends.
- 07/26/2021
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ACI or CHWY: Which Is the Better Value Stock Right Now?
- ACI vs. CHWY: Which Stock Is the Better Value Option?
- 07/21/2021
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Investors bet on grocers like Kroger, Costco as Covid-19 cases spook Wall Street
- The rise of the delta variant of Covid has complicated predictions about when people will return to pre-pandemic levels of dining out.
- 07/19/2021
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Uber expands its grocery delivery service to more than 400 US cities and towns
- The service now covers major markets like San Francisco, New York City and Washington DC
- 07/19/2021
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Uber Increases Grocery Penetration In US
- Uber Technologies Inc (NYSE: UBER) launched its on-demand and scheduled grocery delivery to Uber and Uber Eats customers in over 400 cities and towns across the U.S., including major markets like San Francisco, New York City, and Washington DC. The launch marks Uber's more than doubling the availability of the offering this week and accelerating its grocery rollout this year with a 1,200-store partnership with the Albertsons Companies, Inc. (NYSE: ACI).
- 07/19/2021
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Uber expands grocery delivery by partnering with Albertsons, Safeway and more
- You can get on-demand or scheduled grocery deliveries from Uber in San Francisco, New York City and Washington D.C., among others.
- 07/19/2021
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Albertsons Companies Further Enhances Its Pharmacy COVID-19 Offerings; Passes 6 Million Vaccinations
- BOISE, Idaho--(BUSINESS WIRE)--In an ongoing effort to help America combat the COVID-19 pandemic, Albertsons Companies (NYSE: ACI) today announced several new important offerings that will help empower its customers to stay well this summer. These offerings build on the Company's leading efforts in administering 6 million COVID-19 vaccinations to date through its 1,700 pharmacies nationwide. “As front-line healthcare providers, our pharmacy teams have been heroic in administering millions of va
- 07/19/2021
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Albertsons Companies Announces First Quarter Fiscal 2021 Earnings Release and Conference Call Date
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the first quarter of fiscal 2021, which ended June 19, 2021, before the market opens on Thursday July 29, 2021. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" link incl
- 07/15/2021
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Albertsons Removes Additional Items Containing Chicken As Part Of Tyson Foods Recall
- Albertsons Companies Inc (NYSE: ACI) has removed additional items containing chicken as part of the recall initiated by Tyson Foods Inc (NYSE: TSN). The product being removed off shelves has the potential to be contaminated with Listeria monocytogenes, which can cause severe and sometimes fatal infections in young children, frail or older people, and others with weakened immune systems.
- 07/08/2021
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Albertsons Companies Expands Recall on Items Containing Chicken as Part of a Tyson Foods, Inc. Recall Due to Possible Listeria Monocytogenes Contamination
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) announces the removal of additional items containing chicken as part of the recall initiated by Tyson Foods, Inc. The product has the potential to be contaminated with Listeria monocytogenes. On July 4, 2021, Albertsons Companies announced a removal of certain Signature Café Shredded Roasted Chicken that was also supplied by Tyson Foods. Tyson Foods' recall announcement can be found here. The affected Tyson product was produced at
- 07/07/2021
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DuPont De Nemours, Inc Among Today's Trending Stocks
- Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified DuPont De Nemours, Inc among others.
- 07/06/2021
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Albertsons Companies' Supplier Tyson Foods, Inc. Issues a Recall on Shredded Roasted Chicken Due to Possible Listeria monocytogenes Contamination
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) announces the removal of certain Signature Café Shredded Roasted Chicken items, due to a recall initiated by Tyson Foods, Inc. The chicken has the potential to be contaminated with Listeria monocytogenes. Tyson Foods' recall announcement can be found here. The affected Tyson product was produced at one plant located in Dexter, Missouri, between December 26, 2020 and April 13, 2021, and distributed to foodservice and retail customer
- 07/05/2021
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Staying Bullish On Albertsons Stock
- Albertsons posted a record year in 2020, helped by the boom in grocery sales due to the pandemic. While some of the pandemic gains will go away, a good part of it should be permanent. That is great for the stock.
- 07/04/2021
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Online Grocery Delivery Demand to Prevail: 4 Stocks to Watch
- To capitalize on flourishing online demand for grocery, companies are steadily bolstering their delivery capabilities to offer a convenient shopping experience.
- 07/01/2021
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Albertsons Companies Supplier Avanti Frozen Foods Issues a Shrimp Recall Due to Possible Salmonella Contamination
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) announces removal of certain Waterfront Bistro shrimp cocktail rings with sauce, in cooperation with supplier Avanti Frozen Foods Pvt. Ltd.'s recall. The shrimp has the potential to be contaminated with Salmonella. Avanti Frozen Foods' recall announcement can be found here. Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune sys
- 06/28/2021
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Social media app Nextdoor teams with Moderna, Albertsons to boost vaccination rates in communities
- Nextdoor teamed up with Moderna and Albertsons on a Covid-19 vaccine map. The map will allow users to locate vaccination sites and schedule an appointment.
- 06/22/2021
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Albertsons (ACI), DoorDash Tie Up to Expedite Grocery Delivery
- Albertsons (ACI) partners with DoorDash to boost on-demand grocery delivery services, thereby enriching the shopping experience of its customers.
- 06/22/2021
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DoorDash Challenges Instacart's Hold On Grocery With New Albertsons Partnership
- Did DoorDash just fire the first shot against Instacart? On Monday (June 21), the restaurant delivery service announced a partnership with grocery chain Albertsons Companies to provide one-hour grocery delivery from almost 2,000 stores of the grocers stores, including locations of the brands Safeway, Vons and Jewel-Osco locations.
- 06/22/2021
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DoorDash, Albertsons Team Up For One-Hour Grocery Delivery
- DoorDash and grocery chain Albertsons Companies announced on Monday (June 21) in a news release that they will offer one-hour grocery delivery from almost 2,000 stores, among them some branded Safeway, Vons and Jewel-Osco locations. The companies stated in the release that customers will be able to choose from more than 40,000 grocery items, including […]
- 06/21/2021
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DoorDash Partners With Albertsons For On-demand Grocery Delivery
- DoorDash Inc (NYSE: DASH) has partnered with food retailer Albertsons Companies Inc (NYSE: ACI) to offer on-demand grocery delivery from nearly 2,000 Albertsons banner stores across the U.S. and more from the DoorDash marketplace app. Consumers can order groceries and essentials on-demand for delivery within an hour through DoorDash's top-rated marketplace with no time slot, queues, or minimum order size required.
- 06/21/2021
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DoorDash is teaming up with Albertsons for on-demand grocery delivery, boosting the challenge to Amazon and Walmart
- DoorDash and Albertsons are partnering on delivery from nearly 2,000 stores to turn up the heat on a grocery delivery race led by Amazon and Walmart.
- 06/21/2021
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ACI or CHWY: Which Is the Better Value Stock Right Now?
- ACI vs. CHWY: Which Stock Is the Better Value Option?
- 06/21/2021
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DoorDash and Albertsons partner on same-day grocery delivery from nearly 2,000 stores
- DoorDash is partnering with Albertsons Companies to offer on-demand grocery delivery from nearly 2,000 of its stores, including Safeway, Vons and Jewel-Osco.
- 06/21/2021
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Albertsons CEO discusses higher inflation and strength of U.S. consumer
- Vivek Sankaran, president and chief executive officer of Albertsons, said Wednesday on "Mad Money" that higher inflation has not yet been a problem for customers.
- 06/16/2021
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Albertsons hires PepsiCo vet as chief merchandising officer
- Albertsons Cos Inc. said Wednesday that Jennifer Saenz will join the grocer as chief merchandising officer, effective July 12. Saenz was previously global chief merchandising officer and president of global foods for PepsiCo Inc. , serving in that role since 2019.
- 06/16/2021
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Is Albertsons Companies, Inc. (ACI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/14/2021
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Albertsons, C2FO Team On Diverse Supplier Payment Program
- Albertsons announced last week it would work with the fintech C2FO to give diverse suppliers access to early payments. "At this juncture, this special C2FO initiative is only available to diverse suppliers," Jonathan Mayes, senior vice president and chief diversity & inclusion officer at Albertsons Companies told Supply Chain Dive.
- 06/06/2021
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ACI or PRPL: Which Is the Better Value Stock Right Now?
- ACI vs. PRPL: Which Stock Is the Better Value Option?
- 06/04/2021
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Albertsons Companies Sets Record $260 Million of Food and Monetary Donations in 2020
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) is proud to announce it raised a record $260 million in food and monetary donations to aid hunger relief in local communities in 2020. This total includes more than $67 million of in-store donations by Albertsons customers who generously supported their communities in a year of unprecedented need caused by the pandemic. Albertsons Cos. was recently named second in point-of-sale fundraising in 2020 according to Engage for Good's ind
- 06/01/2021
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Innovation Blooms: Albertsons Companies Adds Wedding Flowers to Its Online Offerings
- BOISE, Idaho--(BUSINESS WIRE)--With wedding season just around the corner, Albertsons Companies (NYSE: ACI) today announced they are offering customers an easy, affordable, and environmentally-friendly online option for purchasing fresh, hand-cut wedding flowers. The pre-designed “do it yourself” debi lilly designTM floral collections complement any color palette and the easy-to-use online site allows customers to choose between several flower types and colors from various themed collections. “
- 05/26/2021
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ACI vs. KMB: Which Stock Is the Better Value Option?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 05/14/2021
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Is Albertsons Companies, Inc. (ACI) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/12/2021
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Walk-ins Welcome: Albertsons Companies Pharmacies Offering COVID-19 Vaccinations Without Appointment Nationwide
- BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) announced today that customers can receive COVID-19 vaccines on a walk-in basis at its pharmacies nationwide. Albertsons Cos. pharmacies include Safeway, Vons, Albertsons, Jewel-Osco, Acme, Shaw's, Tom Thumb, Randalls, United Supermarkets, Market Street, Haggen and Carrs. “We are committed to offering convenient and easy-to-access vaccination solutions for our customers,” said Omer Gajial, SVP of Albertsons Companies Pharmacy and H
- 05/11/2021
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Domino's, Editas, Roblox, Teva, US Steel and More Tuesday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets were getting crushed.
- 05/04/2021
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Albertsons Teams With Spotify On Soleil Sparkling Water Promotion
- Albertsons Companies (NYSE: ACI) is upgrading its Soleil sparkling water brand with new packaging, new flavors and a new promotional campaign in conjunction with Spotify (NYSE: SPOT). What Happened: The supermarket chain launched Soleil in 2016 within its Signature brand product line-up.
- 05/03/2021
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ACI vs. KMB: Which Stock Is the Better Value Option?
- ACI vs. KMB: Which Stock Is the Better Value Option?
- 04/28/2021
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Albertsons Companies, Inc. (ACI) Moves to Buy: Rationale Behind the Upgrade
- Albertsons Companies, Inc. (ACI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 04/28/2021
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4 Consumer Products Stocks in Focus Despite Industry Headwinds
- 4 Consumer Products Stocks in Focus Despite Industry Headwinds
- 04/28/2021
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Albertsons Companies, Inc.'s (ACI) CEO Vivek Sankaran on Q4 2020 Results - Earnings Call Transcript
- Albertsons Companies, Inc.'s (ACI) CEO Vivek Sankaran on Q4 2020 Results - Earnings Call Transcript
- 04/26/2021
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Albertsons Refines Digital Focus Amid Rapid eCommerce Growth
- One might expect that, by December, the vast majority of consumers who were going to adopt digital grocery shopping tools to mitigate their COVID-19 contagion concerns would have already done so. Grocery giant Albertsons Companies, however, was able to continue growing digital sales through the quarter ending Feb. 27, 2021 — the company saw digital […]
- 04/26/2021
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5 Stocks To Watch For April 26, 2021
- Some of the stocks that may grab investor focus today are: Wall Street expects Lennox International Inc. (NYSE: LII) to report quarterly earnings at $1.29 per share on revenue of $788.00 million before the opening bell. Lennox shares fell 0.2% to close at $334.46 on Friday.
- 04/26/2021
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Is a Surprise Coming for Albertsons (ACI) This Earnings Season?
- Albertsons (ACI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/23/2021
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Albertsons Companies names Danielle Crop as Chief Data Officer
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies, Inc. (NYSE: ACI) announced today that Danielle Crop has joined the company as Senior Vice President and Chief Data Officer. Crop was most recently Chief Data Officer at American Express. This new role brings an exciting step change and acceleration in the journey to leverage data strategically for the enterprise. Crop will be responsible for building and executing a world-class central data strategy that delivers benefits for the customer reg
- 04/22/2021
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Why There May Be Trouble Ahead For Albertsons
- Shares of food retailer Albertsons Corporation (NYSE:ACI) may be about to plunge. The stock has failed at the $20.50 resistance level.
- 04/21/2021
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Factors Likely to Influence Albertsons (ACI) Q4 Earnings
- Albertsons' (ACI) fourth-quarter performance is likely to have gained from strong digital sales as well as growth in loyalty program users.
- 04/21/2021
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2 Top Value Stocks to Buy Right Now
- Albertsons and Phillip Morris International offer excellent bang for your investment buck.
- 04/20/2021
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A Trio of Undervalued Stocks to Consider
- The DCF calculator indicates these businesses could be potential bargains
- 04/18/2021
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Albertsons Taps Google To 'Reinvent The Future Of Grocery Shopping'
- Albertsons Companies Inc (NYSE: ACI) announced Tuesday morning a new partnership with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to "reinvent the future of shopping." What Happened: Albertsons and Google entered into a new multi-year partnership that leverages Albertsons' 2,253 stores with Google's customer-centric innovation to generate a "formidable nexus of retail savvy and trendsetting technology on a massive, omnichannel scale," Albertsons stated in a press release.
- 03/30/2021
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Albertsons partners with Google to bring AI and other advanced technologies to grocery customers
- Albertsons Cos. Inc. said Tuesday that, after a year of planning in partnership with Google , the two companies will launch a series of technologies to enhance the grocery shopping experience.
- 03/30/2021
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Albertsons Companies and Google Partner to Reinvent the Future of Grocery Shopping
- BOISE, Idaho & SUNNYVALE, Calif.--(BUSINESS WIRE)---- $ACI--Albertsons Companies and Google today announced a multi-year partnership to make shopping easier and more convenient for millions of customers nationwide. The partnership brings together the power of Albertsons Cos.' broad reach across 2,253 neighborhoods with Google's capabilities in customer-centric innovation, creating a formidable nexus of retail savvy and trend-setting technology on a massive, omnichannel scale. Google and Albertsons Cos.
- 03/30/2021
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EV Stocks Are Getting Crushed: Time to Buy?
- Not all EV stocks will be big winners.
- 03/29/2021
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5 Stocks Trading Below the Peter Lynch Value
- According to the GuruFocus All-in-One Screener, a Premium feature, as of March 22, the following companies are trading below their Peter Lynch fair values with wide margins of safety and have had positive performances over the past 12 months.
- 03/22/2021
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Albertsons Companies to Participate in Citi's Retail Madness Virtual Conference
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies, Inc. (NYSE: ACI) announced today that its President and CEO, Vivek Sankaran, will participate in Citi's Retail Madness Virtual Conference at 11:20 a.m. ET on March 19, 2021. The presentation will be webcast here or on the Company's website at https://investor.albertsonscompanies.com/Event-Calendar. A replay of the webcast will be available for at least two weeks following its completion. About Albertsons Companies Albertsons Companies is a le
- 03/12/2021
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Grocery giant Albertsons is partnering with software startup Tortoise to launch remote-controlled food delivery robots
- The test will start at two Safeway locations in northern California. According to the report, Dmitry Shevelenko, co-founder and president of Tortoise, said that if the operation is successful, he expected the pilot to scale up to other shops within the state and perhaps the west coast.
- 03/06/2021
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Albertsons Teams With Tortoise For Robotic Grocery Delivery
- Albertsons, the country's second-largest grocery store chain, is partnering with automated logistics startup Tortoise to pilot the beta launch of a robotic fleet of Safeway delivery carts in the towns of Tracy and Windsor in Northern California. Albertsons acquired Safeway in a $9.2 billion merger deal in 2015.
- 03/05/2021
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Albertsons taps Tortoise for remote-controlled grocery delivery robots
- Albertsons Companies, the grocery giant that owns Safeway and Jewel-Osco, has launched a pilot program that will test grocery delivery using remote-controlled delivery robots developed by Silicon Valley startup Tortoise. The pilot will start at two Safeway locations in Northern California, although Tortoise co-founder and president Dmitry Shevelenko said if successful, he expects the pilot […]
- 03/05/2021
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ACI vs. PRPL: Which Stock Is the Better Value Option?
- ACI vs. PRPL: Which Stock Is the Better Value Option?
- 02/26/2021
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Is Albertsons Companies, Inc. (ACI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/26/2021
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Top Consumer Staples Stocks for March 2021
- These are the consumer staples stocks with the best value, fastest growth, and most momentum for March 2021.
- 02/19/2021
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5 Best PEG-Driven Value Stocks Amid COVID-Led Uncertainty
- Here are five of the 61 value stocks with discounted PEG.
- 02/11/2021
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3 Top Stocks Under $20
- Here are some low-priced stocks with big potential for high returns.
- 01/30/2021
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Why Albertsons Is Tumbling 11% Today
- The supermarket chain still looks undervalued despite the recent rise in its stock.
- 01/28/2021
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Albertsons Companies Joins Beyond the Bag Initiative
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies today announced that it has joined the Beyond the Bag Initiative, its latest step to contributing to efforts to reduce plastic waste. The Beyond the Bag Initiative, launched by the Consortium to Reinvent the Retail Bag, is a multi-year collaboration across retail sectors that aims to identify, test, and implement innovative new design solutions that serve the function of today's single-use plastic retail bag, delivering ease and convenience fo
- 01/25/2021
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ACI vs. PRPL: Which Stock Is the Better Value Option?
- ACI vs. PRPL: Which Stock Is the Better Value Option?
- 01/25/2021
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Is Albertsons Companies, Inc. (ACI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/25/2021
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Albertsons: Sustainable Leader In Groceries
- Albertsons Companies had its IPO last June, but despite strong revenue growth, the stock is still cheap right now. Strong performance during the pandemic and continual innovations will allow the firm to succeed going forward and in the long term.
- 01/25/2021
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Albertsons Companies' (ACI) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Albertsons Companies, Inc. (ACI).
- 01/21/2021
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Top Consumer Staples Stocks for February 2021
- These are the consumer staples stocks with the best value, fastest growth, and most momentum for February 2021.
- 01/19/2021
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Albertsons Stock To Rise Slow And Steady
- Albertsons delivered strong Q3 results, better than expected. Market share gains and growing margins are fueling strong earnings growth.
- 01/19/2021
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Implied Volatility Surging for Albertsons (ACI) Stock Options
- Investors need to pay close attention to Albertsons (ACI) stock based on the movements in the options market lately.
- 01/15/2021
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The Ratings Game: Not just snacks: Albertsons says customers make more trips to load up on fresh products
- Flowers, meat and other items are driving visits, the grocer said.
- 01/13/2021
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Albertsons (ACI) Q3 Earnings Beat Estimates, Sales Up Y/Y
- Albertsons (ACI) third-quarter fiscal 2020 results reflect gains from identical sales growth. Moreover, management raises view for fiscal 2020.
- 01/13/2021
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Albertsons Stock Has Done Well, but Its Valuation Shows It
- It may be difficult for shares of Albertsons, the owner of Acme and Safeway supermarkets, to keep rising, BMO Capital Markets warned.
- 01/13/2021
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Is Albertsons Undervalued?
- Shares of grocery stores company Albertsons Companies Inc. (NYSE:ACI) gained 1.5% on Tuesday following the announcement of its most recent quarterly results. The Boise, Idaho-based company announced its fiscal Q3, 2020 revenue and earnings before markets opened, which topped analyst estimates.
- 01/12/2021
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Albertsons' net income jumps to £90.63 million in the fiscal third quarter
- Albertsons Cos. Inc. (NYSE: ACI) reported its financial results for the fiscal third quarter on Tuesday that topped analysts' estimates for earnings and revenue despite the ongoing Coronavirus pandemic that has so far infected more than 23 million people in the United States and caused over 386 thousand deaths.
- 01/12/2021
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Albertsons Companies (ACI) CEO, Vivek Sankaran on Q3 2020 Results - Earnings Call Transcript
- Albertsons Companies (ACI) CEO, Vivek Sankaran on Q3 2020 Results - Earnings Call Transcript
- 01/12/2021
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Albertsons Reports 225 Pct Digital Sales Growth
- Albertsons Companies, Inc. reported digital sales growth of 225 percent and identical sales growth of 12.3 percent as part of its Q3 fiscal 2020 results, according to a Tuesday (Jan. 12) announcement. “Our constant focus on our customers continued to drive strong growth and market share gains in the third quarter,” President and CEO Vivek Sankaran said […]
- 01/12/2021
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Albertsons shares rise after earnings beat, guidance raised
- Albertsons Cos. Inc. shares rose 4.2% in Tuesday premarket trading after the grocery retailer reported fiscal third quarter earnings beat expectations and the company raised its full-year expectations.
- 01/12/2021
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Albertsons Companies, Inc. Reports Third Quarter Fiscal 2020 Results
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI #earnings--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2020, which ended December 5, 2020. Third Quarter of Fiscal 2020 Highlights Identical sales growth of 12.3% Digital sales growth of 225% Net income per share of $0.20; Adjusted net income per share of $0.66 Net income of $124 million; Adjusted net income of $387 million Adjusted EBITDA of $968 million, an increase of 53% compared to the third quarter last
- 01/12/2021
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Albertsons Companies Announces Common Stock Dividend
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared a cash dividend for the fourth quarter of 2020 of $0.10 per share of Class A common stock and Class A-1 common stock. The cash dividend is consistent with the Company's dividend policy established in connection with its initial public offering. The cash dividend is payable on February 10, 2021 to stockholders of record as of the close of business on January 2
- 01/12/2021
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Today's Stock Market News & Events: 1/12/2021
- Traders kept their attention focused on last week's election turmoil and the ever-present promise of more Covid-19 stimulus relief throughout yesterday's trading session.
- 01/12/2021
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Albertsons (ACI) Takes Another Step to Boost Grocery Deliveries
- Albertsons (ACI) is on track with expanding omni-channel offerings. Markedly, the company installed an automated grocery PickUp kiosk in Chicago.
- 01/11/2021
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Albertsons, Citigroup, JPMorgan, Wells Fargo and More Companies Kicking Off Earnings Season
- The fourth-quarter earnings reporting season is just starting to ramp up, and we will be seeing the first round of major banks results this week.
- 01/10/2021
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In Wake Of Prop 22, Albertsons Shifting In-House Delivery Jobs To Gig Work
- Unions representing the grocery chain's workers say the decision will drive down wages and make the work less stable.
- 01/07/2021
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Domino's, FedEx, Lockheed, Roku and More of Tuesday Afternoon's Analyst Calls
- Over halfway through the trading day on Thursday, and the broad markets are making a run into the afternoon.
- 01/07/2021
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ACI or PRPL: Which Is the Better Value Stock Right Now?
- ACI vs. PRPL: Which Stock Is the Better Value Option?
- 01/07/2021
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Is Albertsons Companies, Inc. (ACI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/07/2021
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Albertsons Companies Debuts Automated Grocery PickUp Kiosk at Jewel-Osco Store in Chicago
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies (NYSE: ACI) today announced that it is the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The kiosk, located at one of its Jewel-Osco stores in Chicago, demonstrates continued expansion of the company's eCommerce business and deep commitment to providing easy service through its websites and apps. The automated, temperature-controlled kiosk, created by Cleveron, provides a contactless pickup experience. Custo
- 01/07/2021
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Was Albertsons' 2020 IPO Overlooked?
- Albertsons Companies, Inc. (NYSE:ACI) is one of the largest food and drug retailers in the United States, operating more than 2,200 retail food and drug stores with over 1,700 pharmacies and 400 associated fuel centers across 34 states.
- 01/06/2021
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Albertsons Laying Off Unionized Delivery Drivers In Pivot To DoorDash
- Albertsons supermarket chain is reportedly laying off some of its unionized delivery drivers and instead teaming with DoorDash for deliveries, according to a report in SFGate on Wednesday (Jan. 6). Albertsons is the second-largest supermarket chain after Krogers, with more than 2,700 stores and 18 different chains, including Safeway, Vons, Shaw's and others.
- 01/06/2021
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Albertsons, Vons shifting to third-party grocery delivery in California, elsewhere
- In one of the first signs of the broad effects of the passage of Proposition 22 in California, Albertsons Cos. confirmed Monday that it's moving away from doing its own grocery delivery in Southern California.
- 01/04/2021
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Teamsters "Just Practice" Picketing Against Albertsons' Southern And Southwest Divisions
- TEXAS and ARIZONA, Jan. 4, 2021 /PRNewswire/ -- Almost 800 Teamsters who work at Albertsons' [NYSE: ACI] Southwest and Southern distribution centers are participating in "just practicing" picketing today. The actions protest the company's refusal to comply with COVID-19 safety guidelines...
- 01/04/2021
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A Trio of Stocks Trading Below Intrinsic Value
- Investors who are screening the market in search of bargains may be interested in the following stocks, as their share prices are standing below the intrinsic value calculated by GuruFocus' free cash flow-based discounted cash flow calculator. These stocks also have optimistic recommendation ratings on Wall Street.
- 12/30/2020
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Albertsons Companies Announces Third Quarter Fiscal 2020 Earnings Release and Conference Call Date
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the third quarter of fiscal 2020, which ended December 5, 2020, before the market opens on Tuesday, January 12, 2021. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" lin
- 12/29/2020
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Albertsons Companies Administers First COVID-19 Vaccines, Makes Preparations to Meet High Demand Safely and Efficiently
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies (NYSE: ACI) Pharmacy & Health team has administered its first doses of the COVID-19 vaccine and is preparing for high consumer demand for immunizations through a broad series of measures—including hiring additional pharmacy staff nationwide, launching a new website with important information for the public, and maintaining high safety standards in its pharmacies and stores. “Throughout the pandemic, customers have trusted our pharmacy team
- 12/23/2020
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5 Consumer Products Stocks for 2021 Backed by Solid Industry Trends
- 5 Consumer Products Stocks for 2021 Backed by Solid Industry Trends
- 12/21/2020
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Albertsons Companies Foundation Donates $14 Million to Organizations Fighting Hunger
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI #earnings--Albertsons Companies Foundation is awarding almost $14 million in grants from its Nourishing Neighbors community relief fund to local hunger-fighting organizations in areas their stores serve from coast to coast. The grants include almost $4 million for 13 large grants to organizations across the United States as part of Nourishing Neighbors' new innovation grant program, which awards grants up to $500,000 to organizations with innovative projects or new ideas for
- 12/08/2020
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Improving Margins Set Stage For Earnings Growth At Albertsons
- ACI's gross and operating margins are both improving in recent years. Analyst estimates put ACI's PE ratios in the next two years at below 10.
- 12/04/2020
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Albertsons Companies, Inc. Announces Pricing of Its Upsized Senior Notes Offering
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced the pricing of its upsized private offering of $600 million in aggregate principal amount of additional 3.500% Senior Notes due 2029, issued at 99% of the principal amount (the "Additional Notes"). The Additional Notes will be issued under the same indenture as those issued by the Company on August 31, 2020. The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson's LLC
- 12/02/2020
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Why ACI Worldwide Stock Jumped Today
- Activist investor Starboard Value accumulates more shares and pushes for a company sale.
- 12/02/2020
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Albertsons Companies, Inc. Announces Proposed Senior Notes Offering
- BOISE, Idaho--(BUSINESS WIRE)---- $ACI #earnings--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced its intention to offer $500 million in aggregate principal amount of additional 3.500% Senior Notes due 2029 (the "Additional Notes"). The Additional Notes will be issued under the same indenture as those issued by the Company on August 31, 2020. The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson's LLC, will be co-issuers of the Additional Notes. The Company inten
- 12/02/2020
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Albertsons Companies Associates Ratify Agreement with UFCW Local Unions for Variable Annuity Pension Plan
- New plan established to safeguard benefits for associates New plan established to safeguard benefits for associates
- 11/30/2020
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Albertsons Companies to Host Next Installment of 'Albertsons Insights'
- Featuring a discussion on its Own Brands portfolio Featuring a discussion on its Own Brands portfolio
- 11/30/2020
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Albertsons Companies to Participate in the Morgan Stanley Virtual Global Consumer & Retail Conference
- BOISE, Idaho, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) announced today that its President and CEO, Vivek Sankaran, will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference at 2:00 p.m. ET on December 3, 2020.
- 11/25/2020
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Teamsters Local 727 Finds That Jewel-Osco Pharmacies Are Not Adequately Cleaned Following COVID-19 Exposure
- CHICAGO, Nov. 23, 2020 /PRNewswire/ -- As COVID-19 cases double in the Chicagoland area in a matter of days, Jewel-Osco, a wholly owned subsidiary of Albertsons (NYSE:ACI), has done little to mitigate and prevent the spread of COVID-19 in its pharmacies. Pharmacists perform the vital work...
- 11/23/2020
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Albertsons Companies announces new Open Nature Savory Skillet Meals
- Open Nature Savory Skillet Meals are flash-frozen to save the flavors; a delicious, nutritious dinner is just minutes away Open Nature Savory Skillet Meals are flash-frozen to save the flavors; a delicious, nutritious dinner is just minutes away
- 11/23/2020
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Albertsons Companies incorporates SNAP EBT payments at nearly 200 Drive Up & Go locations
- The convenience and ease of online shopping service offered to more customers at select Drive Up & Go locations nationwide The convenience and ease of online shopping service offered to more customers at select Drive Up & Go locations nationwide
- 11/19/2020
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Has the Coronavirus Changed Grocers' Profitability? Actually, No.
- Food retailers are no less and no more profitable than they were before the pandemic despite their adaptation efforts.
- 11/16/2020
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A Trio of Non-Cyclical Stocks to Consider
- Investors focused on assets with high returns might be interested in the following non-cyclical stocks, as their earnings yields (as calculated through Joel Greenblatt's method) are outperforming the S&P 500 Index.
- 11/15/2020
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7 Value Stocks That Could Make You the Next Warren Buffett
- Value investing is one of the best ways investors can play the market. Warren Buffet did it -- what's stopping you?
- 11/13/2020
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Albertsons Companies pharmacies to partner with HHS to provide COVID-19 vaccine
- Trained pharmacists in company's 1,700+ pharmacy locations stand ready to safely administer vaccine Trained pharmacists in company's 1,700+ pharmacy locations stand ready to safely administer vaccine
- 11/12/2020
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Albertsons Companies, Inc.: Feeding Solid Sales Growth
- Strong sales growth in stores open more than one year. Margin and expense improvements show increased business efficiency.
- 11/12/2020
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Trex Company and Albertsons Companies Recycle Bulk Pharmacy Dispensing Bottles to Make Decking Material and Keep Plastic Out of Landfills
- Project expands longstanding recycling partnership which has transformed more than 200 million pounds of plastic film into durable, sustainable building material Project expands longstanding recycling partnership which has transformed more than 200 million pounds of plastic film into durable, sustainable building material
- 11/12/2020
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Albertsons Companies thanks generous customers for record-breaking donations toward Nourishing Neighbors childhood hunger relief
- Customers donated $9.3 million at checkstands in September to enable 37.5 million healthy breakfasts; company and customer donations have now topped $110 million in 2020 Customers donated $9.3 million at checkstands in September to enable 37.5 million healthy breakfasts; company and customer donations have now topped $110 million in 2020
- 10/29/2020
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Albertsons Starts a Dividend and Buyback Program For Shareholders
- Albertsons, now public, starts a dividend and buyback program for shareholders. ACI stock yields 20% on a total yield basis for shareholders including buybacks and dividends.
- 10/28/2020
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Albertsons Jumps 5.6% As Online Sales Pop 243%
- Shares of Albertsons jumped 5.6% on Tuesday after the food and drug retailer provided a better-than-expected FY20 outlook driven by a surge in online
- 10/21/2020
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Check Out Albertsons: The Grocer Is Booming and Its Stock Is Cheap.
- The parent of Safeway, Acme, and Shaw’s raises its financial guidance.
- 10/20/2020
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There’s a Sale at Albertsons
- Albertsons had a tough time catching investors’ attention this year. Their ears finally seem to be perking up.
- 10/20/2020
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Coronavirus update: Global case tally climbs to 40.5 million and WHO expert urges governments to boost contact tracing, isolation and quarantine
- The number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed to 40.5 million on Tuesday, amid continued rises in cases in Europe and...
- 10/20/2020
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Albertsons' Digital Sales Triple as Grocer Beats Wall Street's Forecast | The Motley Fool
- The pandemic continues to cause consumers to cook more dinners at home.
- 10/20/2020
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Alphabet Stock Dips, IBM Falls, as the Dow Rises
- Tuesday’s early trading followed a volatile Monday in which stocks reversed course and plunged in late afternoon trading as hopes of stimulus passing before the election dimmed.
- 10/20/2020
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Stocks making the biggest moves in the premarket: Procter & Gamble, Travelers, Logitech & more
- The stocks making the biggest moves in premarket trading include Procter & Gamble, Travelers, Logitech, and more.
- 10/20/2020
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Albertsons stock jumps after better-than-expected earnings, upbeat guidance
- Albertsons Cos. Inc. undefined stock jumped 4.7% in Tuesday premarket trading after the grocery retailer reported second quarter earnings that beat...
- 10/20/2020
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Albertsons Companies, Inc. Reports Second Quarter Results
- Albertsons Companies, Inc. (NYSE: ACI) (the
- 10/20/2020
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Why Brinker International Shares Look Tasty
- Margin improvements and cost cuts could produce earnings above $5 a share when the pandemic ends. Also, Wall Street opinions on the stocks of UnitedHealth Group, PNC Financial Services, Albertsons, and Mesoblast
- 10/16/2020
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Albertsons : named Retailer of the Year by Store Brands magazine for its Own Brands success | MarketScreener
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Albertsons Companies named Retailer of the Year by Store Brands magazine for its Own Brands success | MarketScreener
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9 Stocks to Buy in October as the Coronavirus Worsens
- Surging coronavirus cases are affecting which stocks to buy this month. If Covid-19 worsens, protect yourself with these stocks in September.
- 10/15/2020
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Albertsons Wins Bankruptcy Auction for Kings and Balducci’s Stores
- The bankrupt parent company of Kings Food Markets and Balducci’s named Albertsons the winner at a chapter 11 auction for the supermarket operators with a $96.4 million cash bid.
- 10/15/2020
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Western Dental Opens Office in Lemon Grove, California
- Western Dental & Orthodontics, one of the nation’s leaders in accessible, affordable oral health care and the leading orthodontics provider in the
- 10/13/2020
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Online grocery sales will skyrocket but margins take a hit, analysts say
- Bank of America analysts expect online grocery to triple from 2019, reaching $705 billion by 2025
- 10/06/2020
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Financial Review: Albertsons Companies (NYSE:ACI) & Weis Markets (NYSE:WMK)
- Albertsons Companies (NYSE:ACI) and Weis Markets (NYSE:WMK) are both consumer staples companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, risk, earnings and dividends. Valuation and Earnings This table compares Albertsons Companies and Weis Markets’ gross revenue, earnings per […]
- 10/04/2020
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Meal Kit Delivery Services Market will Showcase Positive Impact During 2020-2024 | Growing Use of Advanced Analytics Tools to Boost the Market Growth | Technavio
- The Global Meal Kit Delivery Services Market will grow by USD 15.93 bn during 2020-2024
- 10/02/2020
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Neuberger Berman Group LLC Takes Position in Albertsons Companies Inc (NYSE:ACI)
- Neuberger Berman Group LLC purchased a new stake in Albertsons Companies Inc (NYSE:ACI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $394,000. Other institutional investors and hedge funds have also bought and sold shares of the […]
- 09/30/2020
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Sevan akquiriert Wyeth Projects Services mit Sitz in Großbritannien
- Sevan Multi-Site Solutions, Inc. (Sevan) – ein weltweit führendes Unternehmen in den Bereichen innovatives Design, Programm-Management, Baudienstleist
- 09/23/2020
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Albertsons Companies: Lots Of Concerns Despite An Earnings Boom (NYSE:ACI)
- Albertsons has been struggling coming out of the IPO gate, with shares down 20% since the public offering.
- 09/21/2020
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Barron’s Stock Pick: Buy Albertsons Stock. Here’s Why.
- The owner of the Safeway and Acme supermarket chains has potential and a dynamic CEO.
- 09/21/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 09/20/2020
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Stocks To Watch: All Eyes On Tesla Battery Day
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 09/19/2020
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Why Albertsons Is a Buy: More Meals at Home and the Stock Is Cheap
- The owner of the Safeway and Acme supermarket chains has potential and a dynamic CEO.
- 09/18/2020
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Jewel-Osco commits over $1M in 2020 to Northern IL Food Bank
- One of your neighbors posted in Neighbor News. Click through to read what they have to say. (The views expressed in this post are the author’s own.)
- 09/14/2020
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Beyond Meat launching plant-based meatballs this week
- Beyond Meat Inc. undefined announced the launch of Beyond Meatballs on Monday, the company's latest plant-based meat innovation rolling out at grocers this...
- 09/14/2020
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Kroger Is Out Of Momentum, BofA Says In Downgrade
- The bullish case for Kroger Co (NYSE: KR) can no longer be justified, as it will be more difficult for the grocery chain to beat expectations moving forward, according to BofA...
- 09/14/2020
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Wall Street Breakfast: What Moved Markets
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/29/2020
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Wall Street Breakfast: Fed's New Monetary Policy Approach
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/27/2020
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Hormel CEO Touts Q3 Success And Balance Of Portfolio
- Hormel Foods Corporation (NYSE: HRL) reported a revenue beat in its third-quarter results due to broad-based strength due to the balance of its portfolio, company CEO Jim Snee...
- 08/26/2020
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Albertsons Inc (ACI) President and CEO Vivek Sankaran Bought $368,500 of Shares
- President and CEO of Albertsons Inc (30-Year Financial, Insider Trades) Vivek Sankaran (insider trades) bought 25,000 shares of ACI on 08/14/2020 at an average price of $14.74 a share. Continue reading...
- 08/17/2020
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Joe Biden's tax policy puts these 16 consumer company stocks at risk: Goldman Sachs
- Goldman sounds the alarm bell on a chunk of consumer stocks if Joe Biden's tax proposal goes through.
- 08/13/2020
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Albertsons Companies Partners with Plenty to Offer Indoor-Grown Greens Across Its California Stores
- Albertsons Companies Partners with Plenty to Offer Indoor-Grown Greens Across 430 California Stores
- 08/12/2020
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Albertsons Companies, Inc. Announces Pricing of Its Upsized Senior Notes Offering
- BOISE, ID, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced the pricing of its upsized private offering of $750 million in aggregate principal amount of new 3.250% senior notes due 2026, issued at par (the “2026 Notes”) and $750 million in aggregate principal amount of the new 3.500% senior notes due 2029, issued at par (the “2029 Notes” and together with the 2026 Notes, the “New Notes”). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson’s LLC, will be co-issuers of the New Notes. The offering is expected to close on or about August 31, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from the offering, together with approximately $60 million of cash on hand, to (i) fund the redemption of all of its outstanding 6.625% senior notes due 2024 (the “2024 Redemption”), (ii) fund a partial redemption of $250 million principal amount of its outstanding 5.750% senior notes due 2025 (the “2025 Redemption” and together with the 2024 Redemption, the “Redemptions”) and (iii) pay fees and expenses related to the Redemptions and the issuance of the New Notes.The Redemptions are conditioned upon successful completion of the offering of the New Notes. The Company expects the (i) 2024 Redemption to occur on or about September 11, 2020 and (ii) 2025 Redemption to occur on or about September 16, 2020. The Redemptions will be consummated on the terms and conditions of the indentures governing such notes. The Company will issue a conditional notice in connection with the Redemptions and this press release shall not constitute notice under the applicable indentures.The New Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in compliance with Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About Albertsons CompaniesAlbertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2020, the Company operated 2,252 retail food and drug stores with 1,726 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2019 alone, along with the Albertsons Companies Foundation, the Company gave $225 million in food and financial support. In 2020, the Company made a $53 million commitment to community hunger relief efforts and a $5 million commitment to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans’ outreach.Important Notice Regarding Forward-Looking StatementsThis press release contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the Company’s expectations, perspectives and projected financial performance, are forward looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties, including, but not limited to, risks and uncertainties regarding our current expectations and beliefs as to our ability to consummate the offering of New Notes, the intended use of proceeds thereof, other pending transactions, and other future events. The Company cautions that actual results could differ materially from the expectations described in the forward-looking statements. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact. The Company also cautions that undue reliance should not be placed on any of the forward-looking statements, which speak only as of the date of this release. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes. Information about certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our Annual Report on Form 10-K for the fiscal year ended February 29, 2020 and our Quarterly Report on Form 10-Q for the quarterly period ended June 20, 2020, which are on file with the U.S. Securities and Exchange Commission (the “SEC”), and may be contained in reports subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. CONTACT: Melissa Plaisance Albertsons Companies 925-226-5115 melissa.plaisance@albertsons.com
- 08/11/2020
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Walmart and Instacart partner for same-day U.S. delivery in fight against Amazon's Whole Foods
- Instacart already partners with Aldi, Target, Costco, Albertsons, Kroger, Walmart's Sam's Club, along with smaller grocers. Amazon CEO Jeff Bezos said during his House Antitrust Subcommitee testimony that Instacart is an emerging competitor.
- 08/11/2020
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Albertsons Companies, Inc. Announces Proposed Senior Notes Offering
- BOISE, ID, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced its intention to offer $1,250 million in aggregate principal amount of new senior notes due 2026 and new senior notes due 2029 (collectively, the "New Notes"). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson's LLC, will be co-issuers of the New Notes.The Company intends to use the net proceeds from the offering, together with approximately $50 million of cash on hand, to (i) fund the redemption (the "Redemption") of its outstanding 6.625% Senior Notes due 2024 (the "Existing 2024 Notes") and (ii) pay fees and expenses related to the Redemption and the issuance of the New Notes.Pursuant to the terms of the indenture governing the Existing 2024 Notes, the Company will issue a conditional notice of redemption to redeem the outstanding Existing 2024 Notes. The Redemption will be conditional upon successful completion of the offering of the New Notes.The New Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in compliance with Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About Albertsons CompaniesAlbertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2020, the Company operated 2,252 retail food and drug stores with 1,726 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2019 alone, along with the Albertsons Companies Foundation, the Company gave $225 million in food and financial support. In 2020, the Company made a $53 million to community hunger relief efforts and a $5 million commitment to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans' outreach.Important Notice Regarding Forward-Looking StatementsThis press release contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the Company’s expectations, perspectives and projected financial performance, are forward looking statements. The words "expect," "believe," "estimate," "intend," "plan" and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. The forward-looking statements are based on the Company's current expectations and involve risks and uncertainties, including, but not limited to, risks and uncertainties regarding our current expectations and beliefs as to our ability to consummate the offering of New Notes, the intended use of proceeds thereof, other pending transactions, and other future events. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact. The Company cautions that actual results could differ materially from the expectations described in the forward-looking statements. The Company also cautions that undue reliance should not be placed on any of the forward-looking statements, which speak only as of the date of this release. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes. Information about certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are included under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations," in our Annual Report on Form 10-K for the fiscal year ended February 29, 2020 and our Quarterly Report on Form 10-Q for the quarterly period ended June 20, 2020, which are on file with the U.S. Securities and Exchange Commission (the "SEC"), and may be contained in reports subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. CONTACT: Melissa Plaisance Albertsons Companies 925-226-5115 melissa.plaisance@albertsons.com
- 08/11/2020
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'Everyone tested positive': Covid devastates agriculture workers in California's heartland
- The virus is surging in the Central Valley, where hundreds of thousands labor in the food industry. Workers say companies did little to prevent the spread
- 08/08/2020
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Kimco Realty Corp (KIM) Q2 2020 Earnings Call Transcript | The Motley Fool
- KIM earnings call for the period ending June 30, 2020.
- 08/08/2020
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Acadia Realty Trust (AKR) Q2 2020 Earnings Call Transcript | The Motley Fool
- AKR earnings call for the period ending June 30, 2020.
- 08/07/2020
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Kimco Realty Announces Second Quarter 2020 Results
- Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and
- 08/07/2020
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Very Good News For REIT Investors
- REITs have been hit hard by the COVID-19 crisis. It led to missed rent payments, defaulting tenants, and dividend cuts.
- 08/06/2020
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Beyond Meat shares dive 7% following widening loss
- Beyond Meat Inc. shares abruptly ended what had been a steep ascent Tuesday, plunging 7% in the extended session after the plant-based meat maker logged a...
- 08/04/2020
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Clorox CEO: My successor is ready to go
- Yahoo Finance speaks with Clorox chairman and CEO Benno Dorer about future demand for cleaning products in the age of COVID-19 and his decision to pass the CEO reigns come September.
- 08/04/2020
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Quotient Technology Inc. Reports Second Quarter 2020 Financial Results
- Quotient Technology Inc. Reports Second Quarter 2020 Financial Results
- 08/04/2020
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Albertsons Companies Inc’s Quiet Period Will Expire on August 5th (NYSE:ACI)
- Albertsons Companies’ (NYSE:ACI) quiet period is set to expire on Wednesday, August 5th. Albertsons Companies had issued 50,000,000 shares in its IPO on June 26th. The total size of the offering was $800,000,000 based on an initial share price of $16.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are […]
- 08/02/2020
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Albertsons Companies Inc’s (NYSE:ACI) Quiet Period To End on August 5th
- Albertsons Companies’ (NYSE:ACI) quiet period will end on Wednesday, August 5th. Albertsons Companies had issued 50,000,000 shares in its IPO on June 26th. The total size of the offering was $800,000,000 based on an initial share price of $16.00. During Albertsons Companies’ quiet period, underwriters and any insiders involved in the IPO are prevented from […]
- 08/02/2020
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ACI Stock Weak Start Means Investors Should Stay Away a Year Minimum
- ACI stock went nowhere following its IPO, and even after earnings, investors weren't wowed. Albertsons won't likely move for at least a year.
- 07/31/2020
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Kellogg CEO: We are selling everything we can make
- Yahoo Finance talks with Kellogg CEO Steve Cahillane about the road ahead amid the COVID-19 pandemic.
- 07/30/2020
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Goldman Sachs Projects Over 30% Upside for These 3 Stocks
- This summer has seen policies and economic forecasts move in see-saw fashion, as state economies opened up, restrictions were lifted – and then the dreaded ‘second wave’ of COVID-19 showed signs of appearing, prompting new lockdowns in California and a mask mandate in Texas. Investment bank Goldman Sachs, which had been forecasting a gangbusters growth rate of 33% in Q3, now sees the economy beginning to slow. The firm is guiding toward 25% growth in third quarter, and a July-August ‘pause’ in consumer services.Still, according to Goldman’s chief economist Jan Hatzius, “The recent declines are minor compared to the collapse in activity in March and April, but they clearly indicate a break from the steady upward trend since mid-April.”Even though the bank, and its strategists, are turning more cautious on the markets as we head into late summer, they are also pointing out stocks to buy. It’s a contradiction, but squared by the stock analysts’ approach. They are now taking a more selective look at the markets, to find the less-visible opportunities hidden behind the pandemicWe’ve used the TipRanks database to pull up the details on three stocks that Goldman Sachs recommends. These stocks all offer over 30% upside potential in a difficult investing climate. Let’s see what else brought them to the analysts’ attention.Albertsons Companies (ACI)America’s second largest grocery chain, Albertsons, went public this past June. The chain’s management saw opportunity in the pandemic chaos – with more people cooking at home, a grocery chain basing its brand on fresh meat and seafood would have a chance to build on changing consumer habits. The grocery chain is profitable, with revenues of $62 billion in fiscal year 2019 and net income of $466 million. Goldman’s Kate McShane, a 5-star expert on retail stocks, is bullish on groceries. In a recent note, she writes, “[We] note eating at home trends continue to hold up well, with food growth above where it was pre-pandemic and grocery app downloads still above average. We believe that demand will remain higher than average for the longer term driven by a more value conscious consumer and possibly due to behavioral changes of eating out.”Regarding ACI, McShane notes “Our framework focuses on operating income dollar growth, market share gains, defensiveness, execution, SSS sales growth, and EPS growth in the context of valuation. ACI scores the highest on all these measures versus SFM and KR. Further, ACI scores only slightly lower than high quality names such as WMT, COST and ORLY, further underscoring our Buy rating.”Along with her Buy rating, McShane sets a $22 price target on ACI that implies an upside of 45%. (To watch McShane’s track record, click here)Overall, Wall Street agrees with the Goldman Sachs stance on Albertsons. The stock has 16 reviews, including 13 Buys and just 3 Holds. Shares are trading for $15.20, while the $19.64 average price target suggests a one-year upside of 29%. (See ACI stock analysis on TipRanks)Kimco Realty (KIM)From groceries, we move to Kimco Realty, a real estate investment trust that focuses on shopping centers. The company’s portfolio includes 422 properties, with more than 70 million square feet of leasable space.The collapse in retail activity during 1H20 hurt Kimco’s share price, but not the company earnings. KIM fell 56% in March, and has recovered only slightly. The stock is still down 40% from pre-crash levels. At the same time, earnings have been steady and stable. Q1 EPS came in at 37 cents, beating the 36-cent forecast – and matching the previous two quarters. Revenues, at $289.7 million, were in-line with the forecast and the year-ago numbers.The May earnings helped support Kimco, but the company got a stronger shot in the arm last month. At the end of June, Kimco announced that it has realized over $71 million from an investment in a major grocery chain that anchors many of the company’s retail properties. The investment – which has totaled $207 million since 2006 – has brought the REIT at total of $569 million over the years. And the grocery company that has brought Kimco these gains? Albertsons.Covering this stock for Goldman Sachs, analyst Caitlin Burrows noted, "As of June 30, 2020, the company had collected 66%, 65%, and 72% of pro-rata ABR for April, May, and June 2020, respectively. This is slightly higher than our prior estimate of 2Q collections, of 66%. In 2Q20, the company expects to increase its allowance for doubtful accounts receivable (AR) by $45-$55 million (consisting of $35.5-$40.5 million of allowance against AR and $9.5-$14.5 million against straight line rent receivables). We acknowledge this reserve reflects KIM’s approach to accounting, but will likely vary by REIT in the near-term due to each company’s own assumptions and accounting practices."To this end, Burrows rates KIM a Buy, along with a $15 price target. This figure implies a strong upside of 38% for shares. (To watch Burrow’s track record, click here)Wall Street is naturally wary of a major retail property owner right now, so the analyst consensus, a Hold, is sharp contrast to Burrows’ upbeat outlook. The consensus rating is based on 3 Buys, 10 Holds, and 1 Sell given in recent weeks. KIM shares have an average price target of $12.96, suggesting – despite the caution – a 15% upside potential in the coming year. (See KIM stock analysis on TipRanks)Citrix Systems (CTXS)From groceries, we move to tech. Citrix is a software company, offering SaaS and cloud systems for desktop virtualization, security, and networking. The company’s shares have been rising steadily through the pandemic period, as its products are a fine fit for the mass move toward remote work. CTXS is up 17% since February, strongly outpacing the broader markets.Earnings in Q1 were strong, growing sequentially from Q4 and beating the analyst forecasts. Q2 was disappointing, however, with EPS sliding from $1.46 to 99 cents – although it was still well above the estimates. Q2 revenues, at $799 million, were also above the forecast, and up 6.8% year-over-year.With a presence in over 100 countries, a customer base more than 10,000 strong, and annual revenues exceeding $3 billion, along with digital products well suited to today’s work environment, Citrix stands in an enviable position. Heather Bellini, Goldman’s 5-star analysts, notes this when she writes, “We continue to view Citrix as well positioned to capitalize on long-term secular growth tailwinds, including workforce mobility and security, within its digital workspaces business. We believe the debate going forward will likely center on the durability of recent strength following work from home initiatives enacted post COVID-19…”Bellini’s bullish outlook and Buy rating on the stock come with a $189 price target, indicating her confidence in 36% growth for the year ahead. (To watch Bellini’s track record, click here)Overall, the analyst consensus here is a Moderate Buy, based on 11 reviews, including 5 each Buys and Holds, along with 1 Sell. The average price target, $166.57, suggests room for 16% growth from the current trading price of $139.35. (See Citrix stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 07/29/2020
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Albertsons' Online Sales Surge 276 Pct | PYMNTS.com
- Digital commerce has skyrocketed at Albertsons, as the supermarket giant posted a triple-digit increase in online sales for its most recent quarter.
- 07/27/2020
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Earnings in Focus: Hasbro, SAP and Albertsons
- Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down earnings reports from Hasbro, SAP and Albertsons with Emily McCormick.
- 07/27/2020
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Albertsons Stock Is Falling Because Strong Earnings Weren’t Enough
- Albertsons delivered an upbeat fiscal first-quarter report on Monday, but its stock was falling because investors may have been hoping for more.
- 07/27/2020
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Albertsons stock rises after earnings beat
- Albertsons Cos. Inc. stock rose nearly 1% in Monday premarket trading after the grocer reported first-quarter earnings that beat expectations. This is Albertsons' first earnings announcement since going public in June. Net income totaled $586.2 million, or $1 per share, up from $49.0 million, or 8 cents per share, last year. Adjusted EPS of $1.35 beat the FactSet consensus for $1.32. Revenue totaled $22.75 billion, up from $18.74 billion but just below the FactSet consensus for $22.79 billion. Digital sales soared 276%. Same-store sales grew 26.5%. Albertsons attributed the revenue increase to the same-store sales increase, but says it was offset by store closures and lower fuel sales. COVID-19-related investments totaled $615 million, including more than $275 million in additional pay for frontline workers. Albertsons did not provide financial guidance due to uncertainty related to the coronavirus pandemic. Albertsons stock has gained 4.3% over the past month while the S&P 500 index has rallied nearly 7%.
- 07/27/2020
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Albertsons' same-store sales surge 26.5% on grocery delivery demand
- U.S. grocer Albertsons Cos Inc on Monday reported a 26.5% rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home deliveries of groceries during the COVID-19 pandemic. Albertsons' net income rose to $586.2 million, or $1 per share, in the first quarter, from $49 million, or 8 cents per share, a year earlier.
- 07/27/2020
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Albertsons Companies, Inc. Reports First Quarter Results
- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the first quarter of fiscal 2020, which ended June 20, 2020.
- 07/27/2020
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IPO Update: Vital Farms Pursues $125 Million IPO
- Vital Farms and selling shareholders intend to sell $125 million in stock in a U.S. IPO.
- 07/26/2020
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Vital Farms Starts U.S. IPO Effort
- Vital Farms has filed to raise capital from public investors in a U.S. IPO.
- 07/22/2020
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Albertsons Companies Announces Tentative Agreement with UFCW Local Unions Regarding Pension Benefits for Associates
- BOISE, Idaho, July 21, 2020 -- Albertsons Companies, Inc. (NYSE: ACI) announced today that it has entered into a tentative agreement with the trustees of the United Food and.
- 07/21/2020
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Why Analysts Are Adding Albertsons To Their Shopping Lists After Grocer's IPO
- Wall Street analysts can now issue recommendations on Albertsons Companies Inc (NYSE: ACI) after the grocery store chain went public in late June. Here's what the Street is saying.The Albertsons Analysts RBC Capital Markets analyst Beth Reed initiated coverage of Albertsons stock with an Outperform rating and $19 price target.Oppenheimer analyst Rupesh Parikh initiated with an Outperform and $18 price target.Credit Suisse analyst Judah Frommer initiated with an Outperform and $18 price target.Deutsche Bank analyst Paul Trussell initiated with a Buy and $21 price target.RBC: Albertsons Solid Before COVID-19 Prior to the pandemic, Albertsons offered investors a "solid transformation story" after it integrated Safeway, and had only started to invest in new operational initiatives like loyalty and e-commerce, Reed said in the initiation note.These steps to improve its performance remain "part of the story" today and offer better upside potential versus competitors that have less room to grow, the analyst said. The grocery chain will benefit from more macro trends, including a long-lasting shift toward working from home; easier access to buy groceries online; the rising popularity of cooking as a hobby; and a slower macroeconomic environment, Reed said. In Albertsons' case, the expansion of curbside pickup could drive identical sales growth for at least two years, the analyst said.The company plans to expand the number stores that can handle grocery pickup from around 650 today to 1,600 or more locations in two years, according to RBC. Oppenheimer: Albertsons A Formidable Competitor Albertsons' nine quarters of positive growth and recent comp trends are better than its peers, Parikh wrote in the initiation note.The grocery chain's recent momentum should help the company achieve its growth objectives, including 2.25% identical sales growth, 3% to 5% adjusted EBITDA growth and high-single digit EPS growth, the analyst said. Albertsons is expected to start paying investors a dividend soon, and this represents an "incremental positive to the story" in the current low interest rate environment, he said. Credit Suisse: 'Energized' Albertsons CEO Leading The WayShares of Albertsons are trading below their IPO price, and this is in part due to concerns related to the company's pension liabilities, Frommer wrote in the initiation note.While the unionization of the supermarket sector is a long-term issue, near-term operational improvements are likely to be seen under an "energized CEO," the analyst said. Albertsons' ability to offer consumers a "fresh-led, full-shop" grocery experience should resonate well with new and existing clients who want to limit their total number of shopping trips, Frommer said. Incremental market share gains are likely to be seen over time, especially as consumers continue eating at home, the analyst said. Deutsche Bank on Albertsons' Margins, Bottom-Line Growth The case for owning Albertsons' stock is based on expectations for the company to show growth in both margins and the bottom line through company-specific drivers, Trussell wrote in the initiation note.Albertsons is able to stand out in the grocery segment against peers that are sitting back and merely benefiting from a "rising tide lifts all boats" narrative, the analyst said. ACI Price Action The stock was trading 1.73% higher at $15.86 at last check Tuesday. Related Link: Jim Cramer Recommends Buying Albertsons IPO Below Latest Ratings for ACI DateFirmActionFromTo Jul 2020OppenheimerInitiates Coverage OnOutperform Jul 2020Deutsche BankInitiates Coverage OnBuy Jul 2020Wells FargoInitiates Coverage OnOverweight View More Analyst Ratings for ACI View the Latest Analyst RatingsSee more from Benzinga * Jim Cramer Recommends Buying Albertsons IPO Below (C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/21/2020
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Buy Albertsons Stock, a Dozen Analysts Say. The Pandemic Is Boosting Grocery Sales.
- After its recent IPO, Albertson’s received at least a dozen bullish analyst initiations on Tuesday, with just a couple of neutral ratings.
- 07/21/2020
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Why Analysts Are Adding Albertsons To Their Shopping Lists After Grocer's IPO
- Wall Street analysts can now issue recommendations on Albertsons Companies Inc (NYSE: ACI) after the grocery store chain went public in late June. Here's what the Street is...
- 07/21/2020
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U.S. IPO Week Ahead: Software Provider Jamf Takes The Spotlight In A Diverse 4-IPO Week
- Four IPOs and one SPAC plan to raise $663 million in the week ahead, led by Jamf Holding. The IPO market is on a hot streak, and the IPO pipeline is filling up as filing activity remains high.
- 07/18/2020
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Stocks To Watch: Vaccine Players, Earnings Blitz And Fiscal Debate
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/18/2020
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Albertsons Companies Introduces 13 New Ice Cream Varieties, Plant-Based Frozen Desserts, and Sorbets from Open Nature and Signature Select Brands
- BOISE, Idaho, July 17, 2020 -- Albertsons Companies (NYSE: ACI) introduces 13 new Own Brands items in the ice cream aisle with something for every palate and occasion..
- 07/17/2020
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Albertsons Companies Announces First Quarter Earnings Release and Conference Call Date
- BOISE, Idaho, July 14, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the first quarter of fiscal 2020, which ended June 20, 2020, before the market opens on Monday, July 27, 2020. ACI will host a conference call that day at 11:00 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" link included therein:http://albertsonscompanies.com/investorsA replay of the conference call will be available for approximately two weeks following completion of the call. About Albertsons Companies Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons Companies operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street and Haggen. CONTACT: Melissa Plaisance Albertsons Companies 925-226-5115 Melissa.Plaisance@albertsons.com
- 07/14/2020
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Albertsons Companies Named "Retailer of the Year" by Supermarket News
- BOISE, ID, July 10, 2020 -- Supermarket News magazine has named Albertsons Companies (NYSE: ACI) "Retailer of the Year" for 2020. The annual honor is chosen by the SN editorial.
- 07/10/2020
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Kimco Has Strong Liquidity: Stake In Albertsons Worth $628 Million
- Kimco owns grocery-anchored centers, which tend to be open-air (good for social distancing) and serve the local community (e-commerce resistant). Anchor tenants
- 07/01/2020
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Global IPO market springs back to life after two months in a deep freeze
- European IPO markets are starting to show signs of life after the pandemic curtailed activity from March through to May.
- 06/29/2020
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Albertsons: Not Shopping Yet
- Albertsons has finally gone public as Covid-19 gave the company, but moreover previous owners, an opportunity to sell some shares. Shares fell slightly on their
- 06/28/2020
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Albertsons is giving the public markets another try — here are 5 things to know about the grocery giant and its IPO
- Albertsons has filed to go public at a time when demand for food and other essentials is sky high due to COVID-19.
- 06/27/2020
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U.S. IPO Weekly Recap: Agora Pops 153% While Albertsons Falls Flat In A 6 IPO Week
- Six IPOs raised a combined $1.7 billion this past week. API platform Agora skyrocketed 153% in the best first day pop since 2019 IPO Beyond Meat. Albertsons fin
- 06/27/2020
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Albertsons CEO breaks down IPO and consumer food trends amid COVID-19
- Albertsons CEO Vivek Sankaran joins Yahoo Finance’s On The Move to weigh in on the company going public and discuss the latest food trends amid the COVID-19 pandemic.
- 06/26/2020
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Albertsons' shares fall in NYSE debut
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Agora raises $350 million as IPO prices above expected range
- Agora Inc.'s initial public offering priced late Thursday above the expected range, as the Shanghai-based video interaction software company raised $350 million. The company sold 17.5 million American Depositary Receipts at $20 per ADS, compared with expectations that the IPO would price between $16 and $18. The stock is slated to begin trading Friday on the Nasdaq, under the ticker symbol "API." Morgan Stanley and BofA Securities are the lead bookrunning managers. The company recorded a net loss of $36.9 million on total revenue of $35.6 million during the three months ended March 31, after a loss of $13.1 million on revenue of $13.4 million in the same period a year ago. The company's IPO priced above expectations on the same night that Albertsons Cos. priced at $16 share, below the expected range of $18 to $20. The pricings come at a good time for IPOs, as the Renaissance IPO ETF has rallied 52.0% over the past three months, while the S&P; 500 has gained 17.3%.
- 06/26/2020
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Wall Street Breakfast: Stress Tests In The Pandemic Era
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The Federal Reserve i
- 06/26/2020
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Jim Cramer Recommends Buying Albertsons IPO Below $25
- National grocery chain Albertsons is potentially days away from returning to the public market, and investors should buy the stock if the price is right, according to CNBC's Jim Cramer.What Happened: Albertsons was taken private in 2006, but is making a return to the New York Stock Exchange. A group of shareholders are offering nearly 66 million shares at an $18 to $20 price range.Investors should take advantage of the stock at "no more" than $24 to $25 a share, as the grocer is "not best of breed, but it's not garbage either," Cramer said Wednesday on "Mad Money."Albertsons is led by Vivek Sankaran, who took over the CEO title in March 2019. Since then, the "smart" CEO has spent billions to renovate stores and build out a worthy omnichannel business, and added delivery options at most stores, the CNBC host said. Sankaran delivered results last year, including more than 3% sales growth in 2019 and a "big improvement" in same-store sales growth, at 2%, Cramer said. Why It's Important: Albertsons attempted to return to the public market in 2015 and 2018.The first time around, its debt stood at a "colossal" $12 billion, and the latter plans were called off due to poor market conditions, Cramer said. Since 2015, the company's debt has improved to a "much more reasonable" level at $8.7 billion given a $2.8-billion EBITDA last year, he said. "The Albertsons of today is a much better company than it was in 2018 or 2015." What's Next: Albertsons could see continued strong momentum, as some southern states are seeing growing coronavirus infections, Cramer said.At the same time, investors should proceed with caution moving forward, as it is possible the "best part of the IPO cycle may have already come and gone," he said. Related Links:A Closer Look At Albertsons Ahead Of The Grocer's IPO3 Kroger Analysts On Q1 Numbers, Digital Sales, Pandemic TrendsPhoto by Famartin via Wikimedia. See more from Benzinga * A Closer Look At Albertsons Ahead Of The Grocer's IPO(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/25/2020
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Albertsons: A Solid Long Buy
- Albertsons is a solid long-term investment with good growth potential. Albertsons can leverage its large market share to perform well during and after COVID-19.
- 06/25/2020
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A Closer Look At Albertsons Ahead Of The Grocer's IPO
- Grocery chain Albertsons plans on selling 65.8 million shares on the New York Stock Exchange and its stock could start trading as early as this week.Here's what investors need to know about the S-1 filing.Albertsons Pricing, Valuation Details: Albertsons will trade on the NYSE under the ticker "ACI" with a target price between $18 and $20 per share.The grocer secured a $1.75 billion investment from private equity giant Apollo Global in late May. The deal values the company at around $10 billion.Albertsons is looking to raise as much as $1.5 billion as part of its return to the public market. The company was taken private in 2006 after being bought by Cerberus Capital Management and others.The entire proceeds from the IPO will be paid to insiders. Albertsons will not receive any of the proceeds from the sale of the shares.About Albertsons: Albertsons is one of the largest food retailers in the U.S., with 2,252 stores across 34 states and the District of Columbia. The company oversees multiple brands, including the core Albertsons, Safeway, Vons and Pavilions. The business also includes 1,290 in-store coffee shops, 402 adjacent fuel centers, 23 distribution centers, 20 manufacturing facilities and multiple online platforms.Albertsons estimates it holds a No. 1 or No. 2 market share in 68% of the 121 metropolitan areas in which it has a presence. Financials: Net income rose from $46 million in fiscal 2017 to $131 million in 2018 and $466 million in 2019. Net sales for 2019 were $62.5 billion, and cumulative adjusted free cash flow was $6.7 billion.Albertsons has shown nine consecutive quarters of positive identical sales growth, the most recent of which was 1.8% growth in the fourth quarter of 2019. Same-store sales accelerated due to the COVID-19 pandemic: they were up 47% in the four-week period ending March 28, up 21% in the four-week period ending April 25 and 21% in the four-week period ending May 23.Net debt at the end of 2019 was $6.7 billion."The momentum we are experiencing gives us confidence that our Easy, Exciting and Friendly identity resonates with customers," according to the company. "We believe our strategic framework will enable us to continue delivering profitable growth going forward."Albertsons Dividend Policy: Albertsons will pay a quarterly dividend on its common stock equal to 2.5% of the initial public offering price, assuming $19 per share. The first dividend will be issued during the first full quarter following the completion of the offering.Related Links:Kroger CEO Talks Earnings, Digital Growth And Food PricesInstacart Worth B After Latest Financing RoundPhoto by Famartin via Wikimedia. See more from Benzinga * Apple WWDC 2020 Highlights: iOS 14, Mac Chips, Unlocking Cars And More * Larry Kudlow Talks Coronavirus, Says New Stimulus Bill 'Highly Likely' * Citron Research Makes The Case For Apple Acquiring Sonos: 'Undisputed Leader'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/23/2020
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U.S. IPO Week Ahead: Albertsons' Billion-Dollar IPO Finally Hits The Shelves
- Two IPOs and one SPAC are expected to raise $1.4 billion in the week ahead, led by grocery giant Albertsons. Several companies could join the IPO calendar early
- 06/20/2020
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Stocks To Watch: Nike, Apple, Ford And Stressed Banks
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/20/2020
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IPO Update: Albertsons Restarts $1.25 Billion IPO Plan
- Albertsons has filed proposed terms for a $1.25 billion U.S. IPO. The firm operates a network of various grocery store brands in the western and north eastern r
- 06/19/2020
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Wall Street Breakfast: Ending The Week With Some Trade Optimism
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Looking for a catalys
- 06/19/2020
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Albertsons Reports Covid-19 Driven Sales Surge | PaymentsJournal
- Grocery stores can barely keep up with consumer demand, both for in-store and online sales. Albertsons recorded an eye-popping 47% year-over-year sales increase for March and 21% comparable sales jump for most of April year-over-year. Another striking number is a 32% boost for online sales for its December-February fiscal quarter, which was not yet impacted […]
- 05/01/2020
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Arch Coal changes name to 'Arch Resources,' effective May 15 ARCH
- Arch Coal changes name to 'Arch Resources,' effective May 15 ARCH
- 05/01/2020
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Arch Coal to Change its Name to Arch Resources
- Arch Coal, Inc. (NYSE: ARCH) announced today that it is changing its name to Arch Resources, Inc., effective May 15, 2020. The name change underscores the company's ongoing transition to a premier producer of metallurgical products for the global steel industry.
- 05/01/2020
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Research Analysts Offer Predictions for Arch Coal Inc's FY2020 Earnings (NYSE:ARCH)
- Arch Coal Inc (NYSE:ARCH) – Research analysts at Jefferies Financial Group cut their FY2020 earnings estimates for Arch Coal in a research report issued to clients and investors on Monday, April 27th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings of ($0.89) per share for the year, down […]
- 05/01/2020
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The Keys to Successfully Timing the Markets - April 30, 2020
- Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- 04/30/2020
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Arch Coal (NYSE:ARCH) Cut to Hold at Jefferies Financial Group
- Jefferies Financial Group cut shares of Arch Coal (NYSE:ARCH) from a buy rating to a hold rating in a research report released on Monday morning, 24/7 WallStreet reports. The brokerage currently has $26.00 target price on the energy company’s stock, down from their prior target price of $50.00. Several other equities analysts also recently commented […]
- 04/30/2020
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Credit Card Payment Deferments and Holidays: Making The Working Process
- Credit card issuers are receptive to helping consumers with a financial bridge during the COVID crisis. As you probably observed
- 04/29/2020
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Metallurgical Coal Market 2019-2023 | Demand for Coal Tar to Boost Growth | Technavio
- The global metallurgical coal market size has the potential to grow by USD 14.91 billion during 2020-2024
- 04/28/2020
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Arch Coal Inc (NYSE:ARCH) Short Interest Down 18.9% in April
- Arch Coal Inc (NYSE:ARCH) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,720,000 shares, a decline of 18.9% from the March 31st total of 2,120,000 shares. Approximately 11.5% of the shares of the stock are sold short. Based on an average daily […]
- 04/28/2020
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Top Analyst Upgrades and Downgrades: Amazon, American Air, Amex, Beyond Meat, Caterpillar, Clorox, eBay, Gilead, Twitter, Verizon, Wayfair and More
- Monday's top analyst upgrades and downgrades included Amazon.com, American Airlines, American Express, Beyond Meat, Caterpillar, Clorox, eBay, Gilead Sciences, Twitter, Verizon Communications and Wayfair.
- 04/27/2020
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In Global Electricity Slump, Coal Is the Big Loser
- (Bloomberg) — As silent factories and deserted offices hobble demand for electricity worldwide, the biggest loser is coal.In the U.S., coal’s share of power generation has dropped more …
- 04/27/2020
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In Global Electricity Slump, Coal Is the Big Loser
- (Bloomberg) -- As silent factories and deserted offices hobble demand for electricity worldwide, the biggest loser is coal.In the U.S., coal’s share of power generation has dropped more than 5 percentage points since February on the nation’s biggest grid while output from natural gas plants and wind
- 04/27/2020
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Arch Coal downgraded to Hold from Buy at Jefferies ARCH
- Arch Coal downgraded to Hold from Buy at Jefferies Jefferies ARCH
- 04/27/2020
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U.S. RESEARCH ROUNDUP- Arch Coal, Glacier Bancorp, IHS Markit
- all Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Arch Coal, Glacier Bancorp and IHS Markit on Monday.
HIGHLIGHTS
* Arch Coal Inc : Jefferies cuts to hold from buy
* Alliance Data Systems Corp : Compass Point raises to buy from neutral
* Autoliv Inc : RBC raises to outperform from sector perform
* Glacier Bancorp Inc : Piper Sandler raises target price to $33 from $31
* IHS Markit Ltd : RBC raises target price to $84 from $72
Following is a summary of research actions on U.S. companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Adaptimmune Therapeutics Plc : Citigroup cuts price target to $5 from $8
* Adient Plc : Credit Suisse cuts target price to $18 from $30
* Aflac Inc : Credit Suisse cuts target price to $35 from $45
* AIG : Credit Suisse cuts target price to $40 from $51
* Alexander's Inc : Piper Sandler cuts price target to $300 from $340
* Alliance Data Systems Corp : Compass Point cuts price target to $65
* Alliance Data Systems Corp : Compass Point raises to buy from neutral
* Amazon.Com Inc : Credit Suisse raises price target to $2800 from $2400
* American Airlines : Citigroup cuts price target to $10 from $13
* American Axle & Manufacturing Holdings Inc : Credit Suisse cuts PT to $4 from $11
* American Axle & Manufacturing Holdings Inc : Credit Suisse cuts to neutral
* American Express Co : Compass Point cuts target price to $78 from $140
* American Express Co : Credit Suisse cuts target price to $85 from $90
* American Express Co : Piper Sandler cuts target price to $106 from $119
* Ameris Bancorp : SunTrust Robinson cuts target price to $28 from $30
* Amerisourcebergen Corp : Baird cuts target price to $109 from $112
* Amgen Inc : Oppenheimer raises target price to $250 from $240
* Angi Homeservices Inc : Evercore ISI cuts target price to $6 from $9
* Aon Plc : Piper Sandler cuts price target to $195 from $200
* Apollo Commercial Real Estate Finance Inc : Credit Suisse cuts PT to $7.5 from $18
* Aptiv Plc : Credit Suisse cuts target price to $75 from $96
* Arch Coal Inc : Jefferies cuts target price to $26 from $50
* Arch Coal Inc : Jefferies cuts to hold from buy
* Archer Daniels Midland Co : JP Morgan cuts target price to $45 from $48
* Ares Commercial Real Estate Corp : Credit Suisse cuts PT to $9 from $17.5
* Arthur J Gallagher & Co : Piper Sandler cuts price target to $80 from $101
* Athene Holding Ltd : Credit Suisse cuts target price to $46 from $59
* Atlantic Capital Bancshares Inc : SunTrust Robinson cuts PT to $12 from $14
* Autohome Inc : Jefferies cuts target price to $90.60 from $97.30
* Autoliv Inc : Jefferies raises target price to $69 from $61
* Autoliv Inc : RBC raises target price to $74 from $64
* Autoliv Inc : RBC raises to outperform from sector perform
* Avalonbay Communities Inc : Evercore ISI raises target price to $185 from $183
* Avangrid Inc : JP Morgan cuts target price to $45 from $49
* Avanos Medical Inc : Keybanc cuts target price to $45 from $48
* BJ's Restaurants Inc : Guggenheim raises target price to $29 from $25
* Blackstone Mortgage Trust Inc : Credit Suisse cuts target price to $24 from $37.5
* Booking Holdings Inc : Evercore ISI cuts target price to $1400 from $1750
* BorgWarner Inc : Credit Suisse cuts target price to $31 from $36
* Boston Properties Inc : Piper Sandler cuts target price to $110 from $155
* Brighthouse Financial Inc : Credit Suisse cuts target price to $34 from $45
* Bunge Ltd : JP Morgan cuts target price to $52 from $59
* Camden Property Trust : Evercore ISI cuts target price to $102 from $103
* Celanese Corp : Jefferies cuts target price to $115 from $140
* Celestica Inc : RBC cuts target price to $5 from $6
* Cheniere Energy Inc : RBC raises target price to $31 from $28
* Cohen & Steers Inc : Evercore ISI raises target price to $57 from $54
* Cohen & Steers Inc : KBW raises target price to $54 from $48
* Core Laboratories NV : RBC raises target price to $15 from $13
* CubeSmart : Evercore ISI cuts target price to $31 from $32
* Curo Group Holdings Corp : Credit Suisse cuts target price to $15 from $19
* CyrusOne Inc : Keybanc raises target price to $75 from $70
* Dana Inc : Credit Suisse cuts target price to $14 from $20
* Delphi Technologies Plc : Credit Suisse cuts target price to $9 from $14
* Delta Air Lines Inc : Citigroup cuts price target to $30 from $33
* Digital Realty Trust Inc : Keybanc raises target price to $155 from $135
* Domino's Pizza Inc : Stephens raises target price to $410 from $350
* Douglas Emmett Inc : Piper Sandler cuts target price to $35 from $50
* EQT Corp : RBC raises target price to $15 from $13
* Equity Residential : Evercore ISI raises target price to $68 from $63
* Extra Space Storage Inc : Evercore ISI cuts target price to $98 from $101
* Fidelity National Financial Inc : Stephens raises target price to $37 from $35
* Freeport-Mcmoran Inc : Credit Suisse raises price target to $9 from $8
* Freeport-Mcmoran Inc : Jefferies raises target price to $15 from $14
* Freeport-Mcmoran Inc : JP Morgan raises target price to $11 from $10
* Glacier Bancorp Inc : KBW raises target price to $37 from $36
* Glacier Bancorp Inc : Piper Sandler raises target price to $33 from $31
* Granite Point Mortgage Trust Inc : Credit Suisse cuts target price to $7 from $18
* Home Depot Inc : Telsey Advisory Group cuts price target to $220 from $244
* Hudson Pacific Properties Inc : Piper Sandler cuts target price to $28 from $42
* IAC/InterActiveCorp : Evercore ISI cuts target price to $285 from $300
* Idex Corp : Citigroup cuts price target to $160 from $165
* Idex Corp : RBC raises target price to $160 from $147
* Idex Corp : Stifel raises target price to $169 from $159
* IHS Markit Ltd : RBC raises target price to $84 from $72
* Interpace Biosciences Inc : Maxim cuts target price to $12 from $20
* Investar Holding Corp : Piper Sandler cuts target price to $13 from $16
* Landstar System Inc : Credit Suisse raises price target to $97 from $92
* Lear Corp : Credit Suisse cuts target price to $120 from $130
* Lear Corp : Credit Suisse raises to outperform from neutral
* Life Storage Inc : Evercore ISI cuts target price to $109 from $112
* Lincoln National Corp : Credit Suisse cuts target price to $52 from $68
* Lyft Inc : Evercore ISI cuts target price to $60 from $81
* Magellan Midstream Partners LP : JP Morgan cuts target price to $56 from $57
* Magna International Inc : Credit Suisse cuts target price to $50 from $55
* Magna International Inc : Credit Suisse raises to outperform from neutral
* Marsh & Mclennan : Piper Sandler cuts price target to $105 from $124
* Metlife Inc : Credit Suisse cuts target price to $46 from $60
* Midland States Bancorp Inc : Piper Sandler cuts target price to $16.50 from $18
* National Bankshares Inc : Piper Sandler cuts target price to $32 from $37
* National Bankshares Inc : Piper Sandler raises to overweight from neutral
* Northern Trust Corp : Citigroup cuts price target to $82 from $85
* Open Text Corp : RBC cuts target price to $45 from $54
* O'Reilly Automotive Inc : Stephens raises target price to $430 from $380
* Peloton Interactive Inc : Evercore ISI raises target price to $35 from $34
* People'S United Financial Inc : KBW cuts target price to $13 from $13.
- 04/27/2020
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Arch Coal, Inc. (NYSE:ARCH) Analysts Just Cut Their EPS Forecasts
- Today is shaping up negative for Arch Coal, Inc. (NYSE:ARCH) shareholders, with the analysts delivering a substantial...
- 04/26/2020
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Need To Know: Analysts Just Made A Substantial Cut To Their Arch Coal, Inc. (NYSE:ARCH) Estimates
- The analysts covering Arch Coal, Inc. (NYSE:ARCH) delivered a dose of negativity to shareholders today, by making a...
- 04/26/2020
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Arch Coal (NYSE:ARCH) PT Lowered to $76.00
- Arch Coal (NYSE:ARCH) had its target price reduced by research analysts at B. Riley from $79.00 to $76.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s price target indicates a potential upside of 222.44% from the stock’s previous close. ARCH has […]
- 04/26/2020
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After Two IPO Misfires, the Country’s Second-Largest Grocer Might Finally Have Gotten Its Timing Right
- There might never be a better time for a public offering.
- 04/24/2020
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Top Analyst Upgrades and Downgrades: Arch Coal, AT&T, Delphi, Domino’s, Dunkin, Expedia, Illumina, Kinder Morgan, Oceaneering, Splunk, Workday and More
- Friday's top analyst upgrades and downgrades included Arch Coal, AT&T, Delphi Technologies, Domino's Pizza, Dunkin Brands, Expedia, Illumina, Kinder Morgan, Oceaneering International, Splunk and Workday.
- 04/24/2020
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B.Riley FBR Thinks Arch Coal's Stock is Going to Recover
- In a report released today, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Arch Coal (ARCH), with a price target of $76.00. The company's shares
- 04/24/2020
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B.Riley FBR Thinks Arch Coal’s Stock is Going to Recover
- In a report released today, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Arch Coal (ARCH – Research
- 04/24/2020
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Arch Coal (NYSE:ARCH) Trading Down 12.1% Following Weak Earnings
- Arch Coal Inc (NYSE:ARCH) was down 12.1% on Thursday following a dissappointing earnings announcement. The company traded as low as $24.04 and last traded at $25.98, approximately 1,716,407 shares changed hands during mid-day trading. An increase of 237% from the average daily volume of 508,989 shares. The stock had previously closed at $29.54. The energy […]
- 04/24/2020
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Edited Transcript of 1ASP_ACI_* earnings conference call or presentation 23-Apr-20 2:00pm GMT
- Q1 2020 Arch Coal Inc Earnings Call
- 04/24/2020
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Arch Coal (ARCH) Q1 Loss Wider Than Expected, Sales Beat
- Arch Coal's (ARCH) first-quarter loss per share is wider than the Zacks Consensus Estimate. Nonetheless, its total revenues beat the same.
- 04/23/2020
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Arch Coal (ARCH) Q1 Loss Wider Than Expected, Sales Beat
- Arch Coal's (ARCH) first-quarter loss per share is wider than the Zacks Consensus Estimate. Nonetheless, its total revenues beat the same.
- 04/23/2020
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Arch Coal falls -10.9% ARCH
- Arch Coal falls -10.9% ARCH
- 04/23/2020
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Arch Coal tumbles after big Q1 miss; suspends dividend
- Arch Coal (ARCH -11.3%) plunges to a 52-week low after posting a larger than expected Q1 loss on a 27% Y/Y decline in revenues and suspending its quarterly dividend due to ongoing uncertainty around t
- 04/23/2020
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Arch Coal: Q1 Earnings Insights
- Shares of Arch Coal (NYSE:ARCH) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 142.71% year over year to ($1.67), which missed the estimate of ($1.12).Revenue of $405,232,000 less by 27.01% year over year, which missed the estimate
- 04/23/2020
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Arch Coal (ARCH) Reports Q1 Loss, Tops Revenue Estimates
- Arch Coal (ARCH) delivered earnings and revenue surprises of -38.02% and 4.71%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/23/2020
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