Albertsons Says CEO Vivek Sankaran to Retire May 1
Albertsons Companies said Monday (March 3) that CEO Vivek Sankaran will retire May 1 and will be succeeded by Executive Vice President and Chief Operations Officer Susan Morris, effective the same day. Morris will also join the Albertsons Cos.
Alsip Man Charged In Fight Outside Palos Park Jewel
PALOS PARK, IL — An Alsip man asked to leave the Palos Park Jewel-Osco last Thursday is accused of stealing an employee’s backpack and then punching the employee out in the parking lot. Around 10:11 p.m. Thursday, two men were reported fighting in the in parking lot out of Jewel, 9652 W. 131st Street. Palos police said when officers arrived, the 61-year old employee was bleeding from the face. The employee told police he was ending his shift at Jewel. He put his backpack down on the Jewel bench to clock out when he noticed his backpack had been taken from the bench. A fellow employee said a man, who had been asked to leave the store, had taken the man’s backpack from the bench inside the supermarket and left. Police said the employee caught up with the man kicked out of the store, identified as Jason L. Garza, of Alsip. The employee told Garza he had his backpack and wanted it back. Garza is alleged to have said, “You want your backpack,” before throwing it on the ground in the parking lot. As the employee went to pick up and grab his backpack, police said Garza attacked him, punching him several times in the face with a closed fist. Officers found Garza in the east end of the parking lot and tried to detain him. Police said Garza resisted and officers had to physically restrain Garza. Palos Fire Protection District paramedics were called, who transported Garza to Northwestern Medicine Palos Hospital for observation. Police said Garza made comments to paramedics about “wanting to hurt people” and yelling other derogatory comments to an Arab American officer. Garza was charged with misdemeanor theft, battery and resisting arrest. He is currently hospitalized, and the charges may be upgraded. According to Cook County court records, Garza has had 52 arrests.
Trump's New Tariffs: Top U.S.-Centric Stocks Amid Escalating Trade Tensions
Tariffs and currency headwinds are impacting costs and currency, making US retail and service-related stocks a nice hedge. Key stocks to consider include home improvement, grocery, automotive retail, and waste management. Hedging against tariff uncertainty should become a theme in years to come.
ACI Worldwide: The Future Has Never Looked So Bright
ACI Worldwide is a mature player in the digital payments market, with a stock appreciation of over 75% in the past year. ACIW's business model supports over 6,000 organizations globally, with significant revenue growth in banking and merchant segments, and 66.7% of revenues being recurring. Despite external risks like currency fluctuations, ACIW's strong financial performance and promising US market position justify a buy rating and a $61.8 stock price target.
Albertsons' Q3 Earnings Beat Estimates, Digital Sales Rise 23% Y/Y
ACI's third-quarter fiscal 2024 results highlight strong year-over-year growth in digital sales, pharmacy operations and membership in its loyalty program.
Albertsons Doubles Down on Digital; Eyes Growth Despite Merger Setback
Under CEO Vivek Sankaran, Albertsons has invested heavily in digital transformation, customer engagement, and operational efficiency. Even after the halt of the proposed merger with Kroger, the company remained committed to expanding its digital capabilities, improving customer experiences and positioning itself for long-term growth.
Albertsons Companies, Inc. (ACI) Q3 2024 Earnings Call Transcript
Albertsons Companies, Inc. (NYSE:ACI ) Q3 2024 Earnings Call Transcript January 8, 2025 8:30 AM ET Company Participants Melissa Plaisance - SVP, IR, Treasury, and Risk Management Vivek Sankaran - CEO Sharon McCollam - President and CFO Conference Call Participants Ken Goldman - JPMorgan John Heinbockel - Guggenheim Partners Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheimer Simeon Gutman - Morgan Stanley Mark Carden - UBS Leah Jordan - Goldman Sachs Robby Ohmes - Bank of America Scott Mushkin - R5 Capital Michael Montani - Evercore ISI Joe Feldman - Telsey Advisory Group Bill Kirk - ROTH Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast Research Jacob Aiken-Phillips - Melius Research Operator Welcome to the Albertsons Companies Third Quarter 2024 Earnings Conference Call, and thank you for standing by. All participants will be in a listen-only mode until the Q&A session.
Albertsons Companies (ACI) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Albertsons Companies (ACI) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Albertsons profit beat overshadows a sales miss as it readies to go it alone
Albertsons Cos. Inc.'s stock rose 3.6% early Wednesday, after the grocery chain beat profit estimates for its fiscal third quarter, offsetting a small revenue miss.
Albertsons misses quarterly sales estimates
Albertsons missed third-quarter sales expectations on Wednesday, as intense competition from bigger retailers such as Walmart and Kroger offering heavy discounts and promotions hurt demand.
What Analysts Think of Albertsons Stock Ahead of Earnings
Albertsons (ACI) is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's proposed merger with Kroger (KR) fell apart last month after months of legal challenges.
Cramer's week ahead: nonfarm payrolls, PMI and earnings from Albertsons
CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers' index, as well as earnings from grocery giant Albertsons. "It's a light week, but still impactful.
