The Latest Breaking News from Albertsons

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%. Digital sales increased 5%; on a two-year stacked basis, digital sales growth was 287%. Gross profit increased…

UBS analyst Mark Carden raised the price target on Albertsons Companies Inc (NYSE:ACI) to $37 from $31 and kept a Neutral rating on the shares, implying a 5.5% upside. Carden noted higher than expected inflation is likely to turn into a tailwind for the company's same-store sales in the fourth quarter. Carden expects investors to…

Telsey Advisory analyst Joseph Feldman has maintained Outperform rating on Albertsons Companies Inc (NYSE: ACI) with a $37.00 price target (5% upside). The analyst notes that the favorable macro trends, continued shift to healthy lifestyles, and benefits of a hybrid work environment would be positive for the company’s Q4 earnings. Feldman infers a strong business momentum…

LOS ANGELES — Unions representing 47,000 Southern California grocery workers tentatively signed a new three-year contract with Ralphs, Albertsons, Vons and Pavilions, averting a strike they had authorized last week.

Albertsons, Pavilions, Ralphs and Vons employees are requesting $5 per hour wage increases

LOS ANGELES — Battered by two years of pandemic stress, tens of thousands of Southern California grocery workers voted overwhelmingly to authorize a strike if supermarkets don't meet their wage demands as negotiations on a new contract resume in the coming weeks.

Thousands of central and Southern California grocery workers have voted to authorize their union to call a strike against several major supermarket chains

The grocery chain acknowledged it’s having problems implementing a contract negotiated with Local 1546 of the United Food and Commercial Workers International Union.

Cue Health Inc (NASDAQ:HLTH) has partnered with Albertsons Companies Inc (NYSE:ACI) for COVID-19 test kits. The partnership will provide Cue’s molecular COVID-19 tests at participating Albertsons pharmacies across the country. Customers will get their test results delivered to their email in 20 minutes. The companies piloted this in-pharmacy COVID-19 testing program last fall in 40…

Grocery workers across Southern California began voting Monday to authorize a strike against Ralphs, Albertsons, Vons and Pavilions in an effort to pressure the companies to raise wages.

Thousands of southern and central California grocery workers have started voting on whether to authorize their union to call a strike against several major supermarket chains