Albertsons Companies, Inc. Class A Common Stock (ACI)
19.76
-0.93 (-4.49%)
Albertsons Companies Inc is a leading grocery retailer in the United States, operating a diverse range of food and drug stores under various well-known brands
The company focuses on providing customers with a wide selection of fresh produce, meats, and bakery items, alongside a comprehensive assortment of household essentials and health products. With a strong emphasis on enhancing the shopping experience, Albertsons also invests in technology and customer service to streamline operations and engage consumers through loyalty programs and digital platforms. Additionally, the company is committed to sustainability and community engagement, aiming to build lasting relationships with its customers and stakeholders.
Morris will replace Vivek Sankaran, who has led the company for nearly six years and played a key role in its attempted merger with Kroger, which the Federal Trade Commission ultimately blocked.
Albertsons Companies announces CEO Vivek Sankaran's retirement on May 1, 2025, with Susan Morris set to succeed him. Morris, with nearly 40 years in the grocery retail sector, will also join the Board of Directors.
Kroger (KR) is a leading retail grocery company. The company is leveraging AI-driven tracking to optimize sales and shipments, with further plans to enhance sales forecasting and inventory control.
Egg prices in the U.S. have risen 60% over the past year, due in large part to the bird flu ravaging commercial flocks. Here's a look at why experts see the prices continuing to climb.
Albertsons Companies reported a 1.2% increase in sales for Q3, totaling $18.774 billion, slightly missing estimates. Identical sales grew 2%, with pharmacy sales driving growth. Despite an 8% drop in operating income, adjusted EPS of $0.71 beat expectations.
Kroger investors can look forward to robust capital returns in 2025, which will include dividends, distribution increases, buybacks, and debt reduction.
Albertsons announces the termination of its proposed merger with Kroger and files lawsuit against the grocery giant, alleging Kroger violated the contractual obligations of the merger agreement by failing to do all it could to secure regulatory approval.
A district judge ruled Kroger's $24.6 billion takeover of Albertsons would reduce competition for U.S. grocery shoppers, likely squelching for the deal.
