Albertsons Twists Record In Opioid Trial Motion, Wash. Says

Albertsons will close additional Safeway stores in 2026 as it reassesses its footprint after its proposed $24.6 billion merger with Kroger was blocked and terminated in Dec 2024. The company reported 35 closures in fiscal 2025 and a 0.8% decline in Q1 identical grocery sales, with full-year identical sales expected down 1.5% to 0.5%.

Sanjay and Rupal Mandavia filed a mandatory open offer for 26% of ACI Infocom’s emerging voting share capital, after a preferential allotment approved Aug 10, 2026. They will pay ₹1.53/share for up to 3,70,47,634 shares, valuing the offer at up to ₹5.67 crore. ACI Infocom plans to shift from IT to aviation, aerospace and defence. FY26 total income fell to ₹54.38 lakh and net loss widened to ₹185.41 lakh.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

Albertsons (ACI) reported fiscal 2026 Q1 net sales of $24.94B, up 0.2% YoY, but identical sales fell 0.8%. Adjusted EPS dropped to 42 cents from 55 cents. The company launched ACI Edge and cut its fiscal 2026 outlook to identical sales decline of 1.5% to 0.5% and adjusted EPS to $1.75 to $1.85. ACI raised its dividend and repurchased shares.

Albertsons Companies (NYSE:ACI) rose 5.4% to $12.21 after UBS and other analysts downgraded the stock to Neutral or lower and cut price targets by an average 37%. UBS lowered its target to $12 from $20, Citigroup to $11 from $17, and JP Morgan to $14 from $20. The nine-firm average target is $13.

Albertsons (ACI) shares fell sharply after the company cut full-year sales and earnings guidance on July 23, citing softer grocery demand, more promotions, and a cautious consumer environment. Q1 FY2026 revenue rose to $24.9B but identical sales fell 0.8%; adjusted EPS dropped to $0.42. FY2026 identical sales and adjusted EPS guidance were reduced. Analysts cut targets.