The Latest Breaking News from Albertsons

Albertsons Companies Inc (NYSE:ACI) and Uber Technologies Inc (NYSE:UBER) have expanded their partnership to include more than 2,000 of the grocer's banner stores nationwide through Uber Eats. Some of the banner stores included are Albertsons, Safeway, Jewel-Osco, ACME, Tom Thumb, and Randalls. The expansion will bring nearly 800 new locations to Uber Eats, including consumers…

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

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 — 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 — 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.

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.

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.

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.