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Albertsons Companies, Inc. (ACI) 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.
On April 12th, Albertsons Companies reported Quarter February 2022 earnings of $0.75 per share on revenue of $17.4 billion. The consensus earnings estimate was $0.65 per share on revenue of $16.7 billion. The Earnings Whisper number was $0.71 per share. Revenue grew 10.2% on a year-over-year basis.
The company said it expects fiscal year earnings of $2.70 to $2.85 per share. The prior consensus earnings estimate was $2.82 per share for the year ending February 28, 2023.
Shares are heading higher in an upward "trading channel" formation.
Entry Point: $33.75
Stop Loss: $32.00
Trading Range: $17.73 - $37.99
Target Price: $37.00
