MARKET COMPOSITE
ACI - Albertsons Companies Inc8:00:02 PM 3/28/2024
Price
$21.44
+ 0.03 (0.14%)
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. With 2,252 stores as of the first quarter of fiscal year 2021 and 270,000 employees as of fiscal year 2020, the company is the second-largest supermarket chain in North America after Kroger, which has 2,750 stores. Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Prior to its January 2015 merger with Safeway Inc. for $9.2 billion, it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC, a Cerberus Capital Management-led consortium. After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015. The company's corporate name was Albertson's Inc. until 2002, when the apostrophe was removed.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue18.6B+1%
Gross Profit5.2B+3%
Cost Of Revenue13.4B+1%
Operating Income566.1MM+25%
Operating Expenses4.6B-
Net Income361.4MM+35%
G&A4.6B+0%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    Antitrust authorities say Kroger’s planned Albertsons takeover will leave fewer traditional supermarkets to compete for Americans’ dollars.

    A Denver state judge said on Monday that he will hear arguments beginning on Aug. 12 in Colorado's case seeking to block Kroger's $25 billion purchase of rival grocer Albertsons. The order by District Court Judge Andrew Luxen puts Colorado two weeks ahead of a similar hearing before the U.S. Federal Trade Commission and other states' separate nationwide lawsuit challenging the merger. Colorado's attorney general, like the FTC, is seeking a preliminary injunction to halt the supermarket mega-me...

    (Reuters) -A Denver state judge said on Monday that he will hear arguments beginning on Aug. 12 in Colorado's case seeking to block Kroger's $25 billion purchase of rival grocer Albertsons. The order by District Court Judge Andrew Luxen puts Colorado two weeks ahead of a similar hearing before the U.S. Federal Trade Commission and other states' separate nationwide lawsuit challenging the merger. "I make no promises about when my orders will be out," Luxen said.

    The grocery giants may need to rethink their plan to offload assets as they look to appease regulators with their proposed mega-merger, analysts say.

    The regulatory agency has mischaracterized competition and labor dynamics in the grocery industry in seeking to block their merger, the grocers said in filings this week.

    A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction.

    WASHINGTON (Reuters) -U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons. The FTC sued last month to block the deal that would create a supermarket empire with more than 4,000 stores, saying it would boost grocery prices for millions of Americans. The tie-up has drawn tough scrutiny from lawmakers and consumer...

    15 Best Hot Dogs in The US03-10-2024 13:26:27 PM

    In this piece, we are going to look at 15 Best Hot Dogs in The US. In case, you want to skip our discussion on the Hot Dogs market, you can go directly to 5 Best Hot Dogs in The US. The global hot dog market is not just sizzling—it’s projected to make some serious […]

    In this article, we will discuss the 25 largest retailers in the U.S. and the world in 2024. This article will focus on recent industry trends and the major players in the retail industry. If you want to skip our analysis, you can proceed to the section highlighting the 5 Largest Retailers in the U.S. […]

    Shares of Kroger (KR) are surging after the company posted positive fourth-quarter earnings results, beating revenue and adjusted EPS estimates. In addition, the company will continue its efforts to fight the FTC for its acquisition of Albertsons (ACI). Yahoo Finance Retail Reporter Brooke DiPalma joins the Live show to break down the report and discuss how consumers are feeling in regards to the price of groceries. For more expert insight and the latest market action, click here to watch this f...