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Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Update

Amended Divestiture Plan Adds Stores, Facilities and Banner Names to Enhance Competition in Overlap Geographies and to Address Regulator Concerns

The Kroger Co. and Albertsons Companies Inc. announced today that they have amended their definitive agreement with C&S Wholesale Grocers, LLC 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.

The amended divestiture package responds to concerns raised by federal and...

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Apr 22 10:32 AM, Urner Barry



Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results

Albertsons Companies, Inc. today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023, which ended February 24, 2024.

Fourth Quarter of Fiscal 2023 Highlights

  • Identical sales increased 1.0%
  • Digital sales increased 24%
  • Loyalty members increased 16% to 39.8 million
  • Net income of $251 million, or $0.43 per share
  • Adjusted net income of $318 million, or $0.54 per share
  • Adjusted EBITDA of $916 million

Fiscal 2023 Highlights

  • Identical sales increased 3.0%
  • Digital sales increased 22%...
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Apr 22 10:04 AM, Urner Barry


Albertsons Companies Unveils Simplified “for U” Loyalty Program Enhancing Member Experience 

Albertsons Companies (NYSE: ACI) continues to transform its customer shopping experience and deepen customer relationships announcing today a new, simplified loyalty program providing more value and ease than ever for the retailer’s 38 million* loyalty members. Available now, the award-winning for U™ loyalty program is better than ever with a single points-based system, double the time to earn points and a new automatic cash off option for more convenient savings, among other benefits. The program retains all the benefits customers love with exciting enhancements to celebrate their loyalty and create customers for life.

The for U loyalty program is free and available to all customers who shop at Albertsons Cos. stores including Safeway, Albertsons, Shaw’s, ACME, Jewel-Osco, Randalls and Vons

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Apr 5 8:01 AM, Urner Barry


Albertsons Companies, Inc. Reports Second Quarter Fiscal 2023 Results

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.

Second Quarter of Fiscal 2023 Highlights

  • Identical sales increased 2.9%
  • Digital sales increased 19%
  • Loyalty members increased 17% to 37.4 million
  • Net income of $267 million, or $0.46 per share
  • Adjusted net income of $368 million, or $0.63 per share
  • Adjusted EBITDA of $977 million

Vivek Sankaran, CEO commented, "During the second quarter, we continued to execute against our Customers for Life transformation...

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Oct 17 10:11 AM, Urner Barry


Albertsons Companies Unveils New Digital Innovations to Meal Plans Tool

Albertsons Companies, Inc. (NYSE: ACI) today unveiled the latest digital enhancements to its shoppable Meal Plans and Recipes tool available within the retailer’s grocery apps and websites, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME and Tom Thumb banners. Designed to provide customers with culinary inspiration throughout the week while saving time and money, the meal plan feature includes a budget tracker, an expanded library of more than 8,000 exclusive recipes, shoppable ingredient lists and hands-free cooking mode with step-by-step timer.

“This all-in-one tool empowers...

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Sep 15 8:52 AM, Urner Barry


Albertsons Companies Launches 30-Minute Grocery Pickup and Delivery with New Flash™ Service

Albertsons Companies, Inc. (NYSE:ACI) today announced the launch of its Flash grocery service, allowing customers to receive their DriveUp & Go™ and delivery orders in as little as 30 minutes. Available now at more than 2,000 locations, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME and Tom Thumb banner stores, this service further expands the retailer’s digital leadership and commitment to providing customers fast, convenient grocery essentials without compromising on quality.

“Shoppers today want fast pickup and delivery, and Albertsons is meeting this expectation with...

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Sep 14 8:00 AM, Urner Barry


C&S Wholesale Grocers Enters Agreement to Purchase 413 Stores from the Kroger and Albertsons Merger

&S Wholesale Grocers, LLC, (C&S) an industry leader in wholesale grocery supply and supply chain solutions in the United States, has entered into a definitive agreement to purchase 413 stores, eight distribution centers and two offices that have become available due to The Kroger Co. and Albertsons Companies Inc. merger. C&S will acquire QFC, Mariano's and Carrs brand names and the exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming. C&S will also add five...

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Sep 12 8:00 AM, Urner Barry


Albertsons Companies, Inc. Reports First Quarter Fiscal 2023 Results

Albertsons Companies, Inc. today reported results for the first quarter of fiscal 2023, which ended June 17, 2023.

First Quarter of Fiscal 2023 Highlights

  • Identical sales increased 4.9%
  • Digital sales increased 22%
  • Loyalty members increased 16% to 35.9 million
  • Net income of $417 million, or $0.72 per share
  • Adjusted net income of $546 million, or $0.93 per share
  • Adjusted EBITDA of $1,319 million

Vivek Sankaran, CEO commented, "Our first quarter results demonstrate the resilience of our business, and the effectiveness of our Customers for Life transformation...

 

Full Story »
Jul 25 8:40 AM, Urner Barry







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