Albertsons Companies에 대한 매도 수량은 투자자에게 Albertsons Companies의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Albertsons Companies (NYSE:ACI) 주식, 공매도 수량 보고

Albertsons Companies

Albertsons is the second largest supermarket operator in the United States with over 2,200 stores across a variety of banners. About 80% of the firm's sales stem from non-perishable and fresh food, of which 25% comes from its portfolio of private brands. The company operates fuel centers and pharmacies at about 20% and 75% of its store locations, respectively. Albertsons went public in 2020 following years of ownership under private equity firm Cerberus Capital Management, which still owns about a fourth of outstanding shares.

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화요일(10일) 크로거(NYSE:KR) 주가는 미국 판사가 앨버트슨(Albertsons Companies Inc)과의 합병을 금지했다는 보도가 나온 후 상승 마감했다. 

크로거, 앨버트슨과 합병이 법원 판결로 중단된 후 5%

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스피릿 항공(NYSE:SAVE)이 파산 신청을 고려 중이라는 소식이 퍼지자, 비판자들은 소셜 미디어를 통해 바이든 행정부를 비난했다. 그 이유는 무엇일까? 올해 1월, 미국 반독점 규제 당국이 제트블루 항공(NASDAQ:JBLU)의 38억 달러에 스피릿 인수를 차단한 사건을 기억해 보자. 실제로 지난 4년 동안, 규제 당국은 경쟁을 저해한다고 판단되는 인수합병 활동을 종종 저지해왔다. 예를 들어 크로거(NYSE:KR)와 앨버트슨(NYSE:ACI)의 250억 달러 규모 합병과 같은 사례가 있다.

스피릿 항공 파산 소문, 비난의 대상은 바이든: 항공사 합병에 대한 과거 사례

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Companies in California and across the United States are pitching in to help consumers dealing with <a href="https://www.benzinga.com/25/01/42899953/five-dead-in-los-angeles-wildfires-utilities-face-scrutiny">wildfires in the state.</a>
What Happened: Wildfires in California have forced thousands of people to be evacuated from their homes as wildfires led to power outages and damaged properties, marking one of the potentially highest costing events in state history for the insurance industry.
Companies are pitching in to help consumers by delaying payments, offering free services and providing necessities like places to stay and food.
Here's a look at a portion of the companies offering help:
SpaceX: The company is <a href="https://www.benzinga.com/general/space/25/01/42892886/spacex-ceo-elon-musk-offers-free-starlink-terminals-to-los-angeles-areas-affected-by-wildfires">providing free Starlink</a> terminals to areas near Los Angeles impacted by the wildfires, CEO Elon Musk announced Thursday. The tweet came with a local media reporter sharing that they were using Starlink to be able to provide live coverage with a lack of cell service in the area.
Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>): The restaurant chain's co-founder Nicholas Jammet <a href="https://www.linkedin.com/in/nicolas-jammet-5b9b878/?trk=public_post_embed_feed-actor-name">shared </a>a video on LinkedIn saying the company was hoping to provide food to as many people impacted by the wildfires as possible.
"We want to help, we want to feed as many people as possible," Jammet said in the video.
Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>): One Starbucks location was destroyed by fires in the area, Bloomberg <a href="https://www.bloomberg.com/news/live-blog/2025-01-08/palisades-fire-near-los-angeles-latest?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>. Another location handed out coffee and food to first responders to help in the efforts.
Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>): The retailer said is was fast-tracking critical supplies to stores near Los Angeles to help get necessary supplies to first responders and customers quicker.
Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>): The retailer lost a location in the Palisades region from the fires. The retailer is also giving food and water to people in the fire-impacted areas.
Albertsons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>): The retailer is also giving food and water to first responders in the wildfire areas.
Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>): The ride-share company announced it was offering free and discounted rides to and from shelters for impacted California residents.
"Lyft is committed to providing access to reliable transportation, especially in emergencies to support communities in need," Lyft Social Impact Manager Celia Moreno <a href="https://www.lyft.com/blog/posts/help-for-those-impacted-by-wildfire-in-california">said</a>.
U-Haul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHAL#NYSE">UHAL</a>): The moving and storage company is offering 30 days free storage at 92 facilities located in Southern California for those impacted by the wildfires.
"People are hurting and in need of help. U-Haul is part of these communities, and if we can help our neighbors in this process, we are going to do so," U-Haul area district vice president Chris Piedra <a href="https://www.uhaul.com/Articles/About/Ca-Wildfire-Assistance-U-Haul-Offers-30-Days-Free-Storage-AT-92-Centers-33115/">said</a>.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): The technology giant is providing temporary relief for Apple Card users in the Los Angeles area, allowing people to postpone payments without interest, as <a href="https://x.com/markgurman/status/1877480784648397264?s=46">reported </a>by Bloomberg writer Mark Gurman. Apple CEO Tim Cook also announced the company will be donating to help in the wildfire efforts.
"Thank you to the incredible firefighters, first responders, and all those assisting for your heroic efforts. Apple will be donating to support the victims and recovery efforts on the ground," Cook <a href="https://x.com/tim_cook/status/1877176338651439162">tweeted</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): The electric vehicle company <a href="https://x.com/tesla_na/status/1877454782647980368">announced </a>it was forgiving Autopilot and FSD Supervised strikes to people in California to provide them with more options when evacuating the region.
Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>): The gym chain is offering its locations to first responders and local residents in the impacted areas as a place to shower and charge devices through January 15, as <a href="https://www.cbsnews.com/amp/news/los-angeles-wildfires-pacific-palisades-planet-fitness-airbnb/">reported </a>by CBS News.
Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>): The house rental's Airbnb.org charitable arm is helping find free temporary housing for people who had to evacuate their homes.
Toyota (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>): The automotive company <a href="https://pressroom.toyota.com/toyota-supports-california-fires-relief-efforts/">announced </a>it would offer payment relief options to those impacted by the wildfires and is also matching donations from U.S. employees made to nonprofits like The American Red Cross.
AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): The telecommunications company <a href="https://about.att.com/pages/disaster-recovery/california-fires">waived </a>overage charges and is offering unlimited talk, text and data through Feb. 6, 2025 to customers in the impacted areas.
T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>): The telecommunications company <a href="https://www.t-mobile.com/news/network/t-mobile-stands-prepared-as-wildfires-impact-southern-california">providing</a> free Wi-Fi and device charging at some retail stores in the area as well as Wi-Fi at command posts. The company is also offering unlimited talk, text and data to customers in the impacted area through Jan. 15.
DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>): The food delivery company <a href="https://about.doordash.com/en-us/news/los-angeles-wildfires-2025">offered </a>$150,000 in community credits to first responders and organizations on the ground in the impacted regions, allowing people helping with the efforts and displaced from their homes to get food and essential supplies quickly. The company is providing relief grants for local restaurants through the Restaurant Disaster Relief Fund. A total of $250,000 is also available through the Dasher Relief Fund for eligible drivers in the region impacted by the fire.
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Photo: Shutterstock

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SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: 'We Want To Help'

RBC Capital analyst Steven Shemesh reiterates Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and maintains $22 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Albertsons Companies, Maintains $22 Price Target

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and maintains $26 price target.

Telsey Advisory Group Maintains Outperform on Albertsons Companies, Maintains $26 Price Target

Albertsons Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) shares are trading higher premarket on Wednesday after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42870788/albertsons-companies-inc-reports-third-quarter-fiscal-2024-results" rel="noreferrer noopener">third-quarter earnings</a>.
The company&#8217;s sales increased 1.2% year over year to $18.774 billion, missing the analyst consensus estimate of $18.820 billion.
The increase was driven by 2.0% increase in identical sales, with strong growth in pharmacy sales being the primary driver of the identical sales increase. Identical sales increased 2% and digital sales grew 23%.
Gross margin rate contracted 10 basis points to 27.9%. The operating margin was 2.8%, and operating income for the quarter declined 8% to $518.5 million.
Adjusted EBITDA of $1.065 billion decreased 3.7% Y/Y. Adjusted EPS of $0.71 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the analyst consensus estimate of $0.66.</a>
The company held $202.3 million in cash and equivalents as of November 30. Operating cash flow for 40 weeks totaled $1.92 billion.
On December 11, 2024, the Board of Directors increased the quarterly cash dividend by 25% from $0.12 per common share to $0.15 per common share.
Today, the company announced the next quarterly dividend payment of $0.15 per share to be paid on February 7, 2025, to stockholders of record as of the close of business on January 24, 2025.
Total&nbsp;debt, including finance leases, was $7.84 billion as of November 30, 2024. Net debt ratio was 1.88.
&#8220;Investments in our Customers for Life strategy drove increased digital engagement across our platforms, evidenced by strong growth in our digital sales, pharmacy operations, and membership in our loyalty program,&#8221; said CEO Vivek Sankaran.
In December, Albertsons announced the <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case" rel="noreferrer noopener">termination of its proposed merger</a> with Kroger Co. The decision followed after a a U.S. judge blocked the proposed&nbsp;merger, citing that the deal <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know" rel="noreferrer noopener">would impact competition in the grocery space.</a>
Outlook: Albertsons&nbsp;raised FY24 adjusted EPS outlook from $2.20 &#8211; $2.30 to $2.25 &#8211; 2.31 versus an estimate of $2.26.
ACI expects FY24 identical sales growth of 1.8% &#8211; 2.0% (previously 1.8% &#8211; 2.2%).&nbsp;
The company continues to see FY24 capital expenditures of $1.8 billion to $1.9 billion.
Price Action: ACI shares are trading higher by 1.32% at $19.99 in premarket at the last check Wednesday.

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General

Grocery Giant Albertsons Q3 Sales Grow As Pharmacy Products Shine; Boosts Annual Earnings Outlook

Albertsons CEO Says Over Next 3 Years Co Plans To Deliver $1.5B In Savings, Invest In Customer Value Proposition & Growth Initiatives; Food And Beverage Sector Slowed Down In December

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Albertsons Companies shares are trading higher after the company raised its FY24 outlook.

Albertsons Companies Declared A Cash Dividend For Q4 Of $0.15 Per Share Of Common Stock, Which Is Payable On February 7

Guidance

Albertsons Companies Raises FY24 Outlook: Projects Adjusted EPS Of $2.25-$2.31 Per Share Versus $2.26 Estimate (Prior View: $2.20-$2.30); Expects Identical Sales Growth In The Range Of 1.8%-2.0% (Previously 1.8%-2.2%)

Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.66 by 7.58 percent. The company reported quarterly sales of $18.774 billion which missed the analyst consensus estimate of $18.820 billion by 0.24 percent. This is a 1.17 percent increase over sales of $18.557 billion the same period last year.

Earnings Beats

Earnings Misses

Albertsons Companies Q3 2024 Adj. EPS $0.71 Beats $0.66 Estimate, Sales $18.774B Miss $18.820B Estimate

<h3>Companies Reporting Before The Bell</h3>
• UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is estimated to report quarterly earnings at $2.21 per share on revenue of $606.60 million. 
• Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $347.32 million. 
• Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) is likely to report quarterly earnings at $2.58 per share on revenue of $532.91 million. 
• MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $904.59 million. 
• Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is estimated to report quarterly earnings at $0.66 per share on revenue of $18.82 billion. 
• Acuity Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is estimated to report quarterly earnings at $3.89 per share on revenue of $956.17 million. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is expected to report quarterly loss at $0.11 per share on revenue of $70.93 million. 
<h3>Companies Reporting After The Bell</h3>
• Jefferies Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $1.83 billion. 
• Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $319.99 million. 
• Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) is projected to report quarterly earnings at $1.29 per share on revenue of $1.24 billion. 
• Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $849.51 million. 
• Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $70.15 million. 
• Saratoga Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>) is projected to report quarterly earnings at $0.84 per share on revenue of $34.90 million. 
• Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) is likely to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 8, 2025

UBS analyst Mark Carden maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Neutral and lowers the price target from $27 to $24.

UBS Maintains Neutral on Albertsons Companies, Lowers Price Target to $24

RBC Capital analyst Steven Shemesh maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and raises the price target from $21 to $22.

RBC Capital Maintains Outperform on Albertsons Companies, Raises Price Target to $22

Albertsons Companies shares are trading higher after Telsey Advisory Group upgraded the stock from Market Perform to Outperform and raised its price target from $21 to $26.

Correction: Telsey Advisory Group analyst Joe Feldman upgrades Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) from Market Perform to Outperform and raises the price target from $21 to $26. (Rating changed)

Upgrades

Correction: Telsey Advisory Group Upgrades Albertsons Companies to Outperform, Raises Price Target to $26 (Rating changed)

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and raises the price target from $21 to $26.

Telsey Advisory Group Maintains Outperform on Albertsons Companies, Raises Price Target to $26

Albertson's shares are trading higher. The stock has been volatile after the company's merger with Kroger was recently blocked.

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction by the U.S. District <a href="https://www.benzinga.com/24/12/42456428/kroger-and-albertsons-call-off-merger-plans-75-billion-share-buyback-cancels-47-billion-merger-debt">Court in Oregon</a>.
Kroger's Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities. Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
Kroger shares gained 3.1% to trade at $63.20 on Thursday.
These analysts made changes to their price targets on Kroger following the announcement.
<ul>
<li>Wells Fargo analyst Edward Kelly maintained Kroger with an Overweight and raised the price target from $70 to $73.</li>
<li>BMO Capital analyst Kelly Bania maintained the stock with a Market Perform and raised the price target from $60 to $63.</li>
<li>UBS analyst Michael Lasser maintained Kroger with a Neutral and raised the price target from $63 to $66. </li>
</ul>
Considering buying KR stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png" alt="" class="wp-image-690044" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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These Analysts Boost Their Forecasts On Kroger

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Market Perform and lowers the price target from $27.25 to $21.

Telsey Advisory Group Maintains Market Perform on Albertsons Companies, Lowers Price Target to $21

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) shares are trading higher premarket on Thursday. The company disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42448447/kroger-reiterates-its-commitment-to-lower-prices-and-initiates-new-7-5b-share-buyback-program" rel="noreferrer noopener">by the U.S. District Court in Oregon</a>.
U.S. District Judge&nbsp;Adrienne Nelson ruled in favor of the U.S.&nbsp;Federal Trade Commission (FTC) in a decision filed in<a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know" rel="noreferrer noopener"> Oregon federal court on Tuesday</a>.
The FTC had argued that the proposed deal violated antitrust laws. The companies submitted a plan to the FTC that included the divestiture of hundreds of stores to C&amp;S Wholesale Grocers in order to maintain appropriate competition in the space.
Nelson on Tuesday found that the divestiture plans wouldn't do enough to replace competition that would be impacted as a result of the deal.
Earlier yesterday, Albertsons announced the termination of its proposed merger with Kroger and filed a lawsuit&nbsp;against the grocery giant, accusing Kroger of violating the contractual obligations of the merger agreement by failing to do all it <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case" rel="noreferrer noopener">could to secure regulatory approval</a>.
Later yesterday, Kroger issued a statement that it looks forward to accelerating its flywheel to grow alternative profit businesses and generate increased cash flows.
Rodney McMullen, Kroger&#8217;s Chairman and CEO said, &#8220;The strength of our balance sheet and sustainability of our model allows us to pursue a variety of growth opportunities, including further investment in our store network through new stores and remodels, which will be an important part of our 8 – 11% TSR model over time.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42339652/kroger-pauses-buybacks-for-albertsons-merger-q3-sales-miss-estimates-fy24-outlook-narrowed" rel="noreferrer noopener">Warren Buffett&#8217;s Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook</a>
Kroger reiterated its commitment to investing in America to lower grocery prices, higher wages, infrastructure, and community support.
Kroger has invested $5 billion in price reductions since 2003 and $2.4 billion in wage increases since 2018, raising average hourly pay by 38% with benefits.
Additionally, Kroger allocates $3.6 billion to $3.8 billion annually in capital investments to build and remodel stores, enhance food processing facilities, improve the customer experience, and create new job opportunities.
Buyback: Kroger&#8217;s Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities.
Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
The notes, which include a special mandatory redemption clause, will be redeemed at 101% of their principal amount, plus accrued interest up to the redemption date.
Investors can gain exposure to the stock via Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>) and Tidal ETF Trust Newday Ocean Health ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHOY#NYSE">AHOY</a>).
Price Action: KR shares are up 0.99% at $61.33 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42455363" target="_blank" rel="noreferrer noopener">Microsoft Brings iPhone File Sharing To Windows PCs With New Phone Link Update: Here&#8217;s What You Need To Know</a></li>
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Photo via Shutterstock.

Large Cap

AHOY

Kroger's $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot

In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Hold rating on Albertsons Companies (ACI – Research Report), with a ...

Albertsons Companies (ACI) Receives a Hold from Morgan Stanley

Albertsons Companies (ACI) is one of the largest food and drug retailers, and amid the dynamic market and evolving consumer needs, ACI's strong market position, outstanding financials, product portfolio expansion, and innovations position it for unprecedented growth. So, let's analyze whether it would be wise to invest in this stock. Read on to know more... Albertsons Companies, Inc. (<a href="https://stocknews.com/stock/ACI/">ACI</a>), a leading food and drug retailer, reported solid financial results for the third quarter, which ended November 30, 2024. The company's identical sales increased 2.0% over the prior year's period, while its digital sales rose 23%. Also, ACI's loyalty members increased by 15% to 44.3 million.
As of the date of the quarterly report, ACI operated 2,273 retail food and drug stores, 1,732 pharmacies, 405 associated fuel centers, 22 dedicated distribution centers, and 19 manufacturing facilities. ACI has its stores across 34 states and the District of Columbia under more than 20 brands, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, and United Supermarkets.
Also, during fiscal 2024, the company completed 84 remodels, opened nine new stores, and continued investment in its digital and technology platforms.
Albertsons Companies continues to expand its operations and presence through new innovations and introductions. Recently, ACI released an API to enable advertisers to integrate Albertsons Cos. campaign performance data into their own measurement models for analysis. Also, the company introduced the newest Own Brand, Overjoyed and Overjoyed Boutique&#x2122;.
ACI's stock performance resonates with its strong operational and financial efficiency. Shares of ACI have gained 5.2% over the past month and 3.2% over the past six months to close its last trading session at $19.95.
Let's look at factors that could influence ACI's performance in the upcoming months.
Positive Recent Developments
On January 7, ACI's retail media arm, Albertsons Media Collective, launched an API to allow advertisers to integrate Albertsons Cos. campaign performance data into their own measurement models for analysis. Albertsons Media Collective also partnered with TransUnion to offer its advertisers TruAudience&#xAE; marketing mix modeling (MMM) measurement to unlock ease and efficiency.
On September 24, ACI unveiled Bee Lightly, the newest addition to its wine portfolio, distinguished by its unique flat bottle design crafted from 100% recycled polyethylene terephthalate (PET). With the Bee Lightly selection, ACI offers its shoppers quality, affordable wines from France while redefining wine packaging standards.
Also, on September 4, ACI introduced its newest brand, Overjoyed. The brand is designed to inspire and elevate every occasion, offering a well-curated selection of colorful and tasty products, including cupcakes, candles and liners, cookies, chocolatey trail mixes, cheesecakes, and sprinkles.
The extension of Overjoyed, Overjoyed Boutique&#x2122;, offers decorative vases, candles, and seasonal gifts to make everyday sparkle. The brand announcements marked ACI's first major private label debut in recent years.
Solid Financials
For the third quarter that ended November 30, 2024, ACI's net sales and other revenue increased 1.2% from the prior year's quarter to $18.77 billion, and its operating income for the same period was $518.50 million. Its gross margin totaled $5.25 billion, up 0.9% from the year-ago value.
Furthermore, the company's net income came in at $400.60 million, up 10.8% from the previous-year period, while its net income per class A common share of $0.69 reflects an increase of 11.3% year-over-year. Also, ACI's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $1.07 billion for the quarter.
The company's cash and cash equivalents stood at $202.30 million as of November 30, 2024, compared to $188.70 million as of February 24, 2024.
Favorable Analyst Estimates
Analysts expect ACI's revenue for the fourth quarter (ending February 2025) to come in at $18.78 billion, indicating an increase of 2.4% year-over-year. The company's consensus EPS estimate is expected to be $0.41 for the same period.
For the fiscal year (ending February 2026), the company's revenue and EPS are anticipated to grow 2.1% and marginally year-over-year to $82.12 billion and $2.31, respectively.
High Profitability
ACI's trailing-12-month ROCE of 35.20% is significantly higher than the 10.81% industry average. Its trailing-12-month ROTC of 7.54% is 6.1% higher than the industry average of 7.10%. Likewise, the stock's trailing-12-month asset turnover ratio of 3.01x is 247.3% higher than the industry average of 0.87x.
Low Valuation
In terms of forward non-GAAP P/E, ACI is currently trading at 8.67x, 45.6% lower than the industry average of 15.94x. Likewise, the stock's forward EV/Sales and Price/Sales of 0.32x and 0.14x are considerably lower than the industry averages of 1.59x and 1.16x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Cash Flow of 6.46x and 4.23x are 39% and 64.4% lower than the industry averages of 10.59x and 11.91x, respectively.
POWR Ratings Reflect Promise
ACI's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. ACI has an A grade for Value, consistent with its low valuation.
The stock also has a B grade for Quality, which is in sync with its higher profitability relative to its peers.
ACI is ranked #9 among the 36 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry.
Beyond what I have stated above, we have also given ACI grades for Stability, Growth, Sentiment, and Momentum. Get access to all the ACI ratings <a href="https://stocknews.com/stock/ACI/">here</a>.
Bottom Line
ACI reported solid financial results in the last reported quarter. The company continued to mark strong sales and income growth in the quarter. ACI's strong market presence and its continuous endeavors to expand in different horizons contribute to its solid industry footing. Further, the company's long-term prospects appear robust, driven by innovations, portfolio expansion, and financial stability.
Given ACI's strong financial performance, accelerating profitability, strong market position, and robust growth outlook, it could be wise to invest in this stock.
How Does Albertsons Companies, Inc. (ACI) Stack Up Against Its Peers?
While ACI has an overall POWR Rating of A, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry with A (Strong Buy) or B (Buy) ratings: Village Super Market, Inc. (<a href="https://stocknews.com/stock/VLGEA/">VLGEA</a>), Marks &amp; Spencer Group Plc (<a href="https://stocknews.com/stock/MAKSY/">MAKSY</a>), and Koninklijke Ahold Delhaize N.V. ADR (<a href="https://stocknews.com/stock/ADRNY/">ADRNY</a>).
For exploring more A and B-rated grocery stocks, <a href="https://stocknews.com/category/grocery-big-box-retailers/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ACI shares fell $0.06 (-0.29%) in after-hours trading Monday. Year-to-date, ACI has gained 5.19%, versus a -0.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aci-vlgea-maksy-adrny-is-albertsons-companies-a-grocery-stock-worth-adding-to-your/>Is Albertsons Companies a Grocery Stock Worth Adding to Your Portfolio?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Albertsons Companies a Grocery Stock Worth Adding to Your Portfolio?

CPI read: Food prices drop for bread, poultry, and fish; eggs and orange juice are still in inflation mode

Albertsons plans corporate layoffs

Albertsons (ACI) is cutting a portion of its corporate and division support staff, KTVB's Zoe Tuttle reports, citing a statement from a company spo...

Albertsons cutting portion of corporate headcount, KTVB reports

Albertsons Is Still Trading At A Steep Discount, Even After Strong Upside

Longleaf Partners Fund 2024 Annual Commentary

ADRNY

ANGI

BRBR

BRFS

CALM

CASY

CELH

EXXRF

FBIN

FRFHF

INGR

JJSF

JSAIY

JSNSF

LANC

LBRDA

LBRDK

MAKSY

MNST

MTRAF

POST

PYPL

VLGEA

Offerings

Press Releases

Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes

Albertsons Terminates Merger Agreement

Albertsons Files Lawsuit Against Kroger for Breach of Merger Agreement

Albertsons Companies Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Date

Albertsons Companies Hosts 3rd Annual Competition for Emerging and Innovative Food, Beverage and Pet Products

Albertsons Media Collective Enables Advertisers to Measure Performance with Greater Ease and Frictionless Access Via New API Offering and TransUnion Partnership

Albertsons Companies Announces Common Stock Dividend

Albertsons Companies, Inc. Reports Third Quarter Fiscal 2024 Results

Maplebear

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Chanson International

Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares)

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