Long Position on ACI @ $33.75 on 12/2/2021 (Fundamentals)

Albertsons Companies, Inc. (ACI), through its subsidiaries, engages in the operation of food and drug stores in the United States.

The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services.

As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

The company was founded in 1860 and is headquartered in Boise, Idaho.

Albertsons Companies Inc. reported 2nd Quarter August 2021 earnings of $0.64 per share on revenue of $16.5 billion. The consensus earnings estimate was $0.45 per share on revenue of $15.7 billion. Revenue grew 4.7% on a year-over-year basis.

The company said it now expects fiscal 2022 earnings of $2.50 to $2.60 per share. The company's previous guidance was earnings of $2.20 to $2.30 per share and the current consensus earnings estimate is $2.33 per share for the year ending February 28, 2022.

This stock has seen growth of 17% over the past three months and should continue to see growth throughout their "trading channel" formation.

Entry Point: $33.75

Stop Loss: $32.00

Trading Range: $14.70 - $36.60

Target Price: $37.00

Position closed on 2/1/2022 at price of $32.00 with a -5.19% loss in 61 days.

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