California households impacted as grocery giant shutters stores — firing hundreds of workers [Yahoo! Finance]
Albertsons Companies, Inc. Class A (ACI)
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Source: Yahoo! Finance
Industry insiders say the Boise-based supermarket behemoth is nursing a “merger hangover” after the Federal Trade Commision blocked a $24.6 billion marriage to Kroger — and that the grocery giant is attempting a recovery by shuttering a slew of stores in Southern California and beyond. The failed deal was supposed to be a lifeline to help the chain compete with even bigger players like Walmart . Albertsons also operates Golden State staple brands like Safeway, Vons and Pavilions. Albertsons is closing stores around the country under a number of different brands, as part of a push towards greater efficiency, according to reports. The latest round of cuts impacts Vons locations in Escondido and Redlands, which will close in April — wiping out 135 jobs. The unwelcome news comes after an Albertsons store near Riverside shuttered Mar. 19, resulting in 75 layoffs. In February, a Safeway in the Alameda area shut its doors for good, impacting 76 employees. The latest round of pantr
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ACI
News
- More trouble brewing for Albertsons and Kroger [Yahoo! Finance]Yahoo! Finance
- Store loyalty apps promise savings but critics warn your data is the real price [CBS News]CBS News
- Albertsons Companies (ACI) had its "outperform" rating reaffirmed by Royal Bank Of Canada. They now have a $21.00 price target on the stock.MarketBeat
- A Look At Albertsons (ACI) Valuation After Revenue Growth And EBITDA Beat [Yahoo! Finance]Yahoo! Finance
- Major grocery chain closes more stores, cuts jobs as post-merger fallout deepens [FOX Business Network]FOX Business Network
ACI
Earnings
- 1/7/26 - Beat
ACI
Sec Filings
- 4/9/26 - Form 4/A
- 3/26/26 - Form SCHEDULE
- 3/13/26 - Form 4
- ACI's page on the SEC website