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The Latest Breaking News from Albertsons

Tony’s Fresh Market sold to a private equity firm

The sale gives Apollo Global Management a deeper stake in the Chicago-area grocery market.

Chicago Sun-Times

‘Unified and militant’: Grocery workers get double-digit pay raises in new contract

LOS ANGELES — Whipsawed by the pandemic, spurred by fury over wage stagnation and alarmed by inflation, Southern California’s unionized grocery workers gained their biggest pay raises in decades Thursday as they ratified a new contract with the region’s largest food chains.

Los Angeles Times

'Unified and militant': Grocery workers get double-digit pay raises in new contract

LOS ANGELES — Whipsawed by the pandemic, spurred by fury over wage stagnation and alarmed by inflation, Southern California's unionized grocery workers gained their biggest pay raises in decades Thursday as they ratified a new contract with the region's largest food chains.

Los Angeles Times

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'A big win': New contract gives grocery workers their biggest pay raises in decades

Los Angeles Times

Guggenheim Maintains Buy Rating for Albertsons Companies, Raises Price Target To $37

Guggenheim has decided to maintain its Buy rating of Albertsons Companies (NYSE:ACI) and raise its price target from $34.00 to $37.00. Shares of Albertsons Companies are trading up 4.41% over the last 24 hours, at $33.38 per share.

Benzinga

RBC Capital Maintains Outperform Rating for Albertsons Companies, Raises Price Target To $37

RBC Capital has decided to maintain its Outperform rating of Albertsons Companies (NYSE:ACI) and raise its price target from $33.00 to $37.00. Shares of Albertsons Companies are trading up 4.41% over the last 24 hours, at $33.38 per share.

Benzinga

Albertsons' Q4 Earnings Top Estimates

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…

Benzinga

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UBS Bumps Up Albertsons Price Target By 19%

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…

Benzinga

Telsey Advisory Sees 5% Upside In This Grocery Chain - Read Why

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…

Benzinga

Southern California grocery workers union signs tentative wage hike agreement, averting strike

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.

Los Angeles Times

50,000 grocery workers authorize strike

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

Salon

Southern California grocery workers authorize a strike amid contract negotiations

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.

Los Angeles Times

California grocery workers vote to authorize strike

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

The Independent UK

Jewel-Osco workers have yet to see a raise negotiated in December

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

Chicago Sun-Times

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Benzinga

Cue Health Offers COVID-19 Tests At Albertsons Pharmacies

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…

Los Angeles Times

Southern California grocery workers prepare for a strike: 'We've walked through hell'

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.

The Independent UK

California grocery workers vote on strike authorization

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

The Guardian - US

Grocery workers seek better pay and conditions as chains reap huge profits

Kroger workers asking for $5 raise while CEO’s salary is 904 times the median employee wage

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Tribune News Service

Safeway, QFC owners settle with Hawaii farmers in fake Kona coffee lawsuit

In the latest settlement struck in a legal action that saw coffee growers on Hawaii accuse major retailers of selling counterfeit Kona coffee, Safeway, Albertsons and the owner of two other large Northwest grocery chains have agreed to change the way they label their products.

StockNews.com

4 Must-Own Large-Cap Stocks to Buy Right Now

Rising tensions between Ukraine and Russia and the Fed’s decision to raise interest rates several times this year are expected to keep the stock market volatile. So, it could be wise to scoop up shares of fundamentally sound large-cap solid stocks Centene (CNC), Genuine Parts (GPC), LKQ (LKQ), and Albertsons…

StockNews.com

3 of the Safest Stocks to Buy in February: Crane, Lukoil, and Albertsons

Many investors foresee a continued market meltdown triggered by the continuing spread of COVID-19, upcoming rate hikes, and high inflation. Hence, we think it is prudent to bet on safe stocks Lukoil PJSC (LUKOY), Albertsons Companies (ACI), and Crane Co. (CR) owing to their resilience to market fluctuations.

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