Recent Updates — ACI
The Board of Directors appointed Harmit Singh, Executive Vice President and Chief Financial and Growth Officer at Levi Strauss & Co., to the Albertsons Companies board effective immediately. The appointment expands the board from 14 to 15 members. Singh will serve on the Audit & Risk Committee and the Governance, Compliance and ESG Committee starting October 26, 2026. He is scheduled to retire from Levi Strauss on November 30, 2026. Albertsons operates as a leading food and drug retailer in the United States.
Albertsons Companies reported second-quarter fiscal 2026 results with net income of $52 million, or $0.11 per diluted share, down from $168.5 million in the prior year period. Identical sales declined 0.8%, while digital sales grew 11%. Adjusted net income was $179 million, or $0.36 per share, and adjusted EBITDA came in at $784 million. The company announced a quarterly dividend of $0.17 per share with a record date of October 23, 2026, and payment on November 6, 2026. Management suspended its fiscal 2026 financial outlook pending the completion of a comprehensive business review aimed at accelerating turnaround efforts.
Albertsons Companies appointed William P. Boltz, Chris Drumgoole, and Margaret M. Ham to its Board of Directors effective October 14, 2026, expanding the board from 11 to 14 members. The company also named Cody Perdue as Interim Chief Financial Officer following the retirement of Sharon McCollam, who will remain in an advisory role through the end of fiscal year 2027. Perdue receives a $350,000 annual stipend for his interim service. Albertsons operates as a leading food and drug retailer in the United States.
Albertsons Companies appointed Meg Whitman as Executive Chair of its Board of Directors effective September 8, 2026, expanding the board from 10 to 11 members. Kim Fennebresque transitioned from Chair to Lead Independent Director. Whitman will serve as an operations and strategic advisor to CEO Susan Morris, leveraging her technology expertise to support AI integration and operational streamlining. She receives a $100,000 annual base salary and restricted stock units valued at $8.9 million vesting in one year. As an employee of the company, Whitman is classified as non-independent under NYSE rules. Albertsons operates as a leading food and drug retailer in the United States.
Albertsons Companies reported first quarter fiscal 2026 results with net income of $84.7 million ($0.17 per share) and adjusted net income of $210.3 million ($0.42 per share). The company is lowering its fiscal 2026 outlook, reducing expected adjusted net income per share to $1.75-$1.85 from $2.22-$2.32 and adjusted EBITDA to $3.550-$3.625 billion from $3.850-$3.925 billion. To address performance softness, the company launched ACI Edge, a realignment consolidating 11 divisions into four regions and centralizing center-store merchandising. The company also announced a quarterly cash dividend of $0.17 per share payable August 7, 2026. Albertsons is a food and drug retailer operating stores across 35 states.