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ACI / Albertsons stock slips after grocer beat profit and sales beat expectations, but said it is prepared for a ‘more difficult consumer environment'

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. Read More
Posted: Apr 11 2023, 08:44
Author Name: Market Watch
Views: 110421

ACI News  

Going Tough But Albertsons Moves Kroger Deal Ahead With Store Sale

By Forbes
October 17, 2023

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. more_horizontal

Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford

By Forbes
October 17, 2023

Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford

Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford more_horizontal

Albertsons beats profit estimates for its fiscal second quarter, sees pressure on consumer

By Market Watch
October 17, 2023

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. more_horizontal

California preparing lawsuit to block Kroger's Albertsons acquisition

By Market Watch
October 12, 2023

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 fro more_horizontal

ACI or KMB: Which Is the Better Value Stock Right Now?

By Zacks Investment Research
September 26, 2023

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-Clar more_horizontal

Kroger and Albertsons Add New Meal Capabilities to Drive Loyalty

By PYMNTS
September 15, 2023

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 o more_horizontal

Albertsons Announces 30-Minute Delivery as Grocers Drive Direct Orders

By PYMNTS
September 14, 2023

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 more_horizontal

Kroger and Albertsons plan to sell over 400 stores in connection with $24.6B merger

By Fox Business
September 10, 2023

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., more_horizontal


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