March 13, 2001 |
Albertson's Inc. said its fourth-quarter operating profit fell a less-than-expected 17% but warned that first-quarter earnings will miss forecasts. The supermarket operator said profit fell to $246 million, or 60 cents a share, excluding merger-related costs of $26 million, from a year ago, as sales fell 3.6% to $9.54 billion. Analysts on average were expecting 50 cents in the latest quarter, according to First Call/Thomson Financial.
March 14, 2002 |
Grocery chain Albertson's Inc. posted a 32% rise in fiscal fourth-quarter profit, saying cost cutting helped offset weaker sales and competition led by discounting giant Wal-Mart Stores Inc. The company is leaving the Houston, San Antonio, Nashville and Memphis, Tenn., markets as part of a cost-cutting program. Albertson's stock rose 29 cents to $31.69 on the New York Stock Exchange. The Boise, Idaho-based retailer said net income for the quarter ended Jan.
September 6, 2002 |
Albertson's Inc. had a profit in its fiscal second quarter, contrasting with a loss a year ago, after the No. 2 U.S. supermarket company shut stores to reduce costs in an attempt to compete with Wal-Mart Stores Inc. and rival grocers. Net income in the second quarter ended Aug. 1 was $253 million, or 62 cents a share, contrasted with a loss of $151 million, or 37 cents, a year earlier, the operator of Acme supermarkets and Osco drugstores said. Sales fell 3.2% to $8.94 billion.
April 24, 2007 |
The Southern California grocery workers union said it withdrew a complaint to the National Labor Relations Board alleging that the Albertsons supermarket chain violated federal labor law. In March, the United Food and Commercial Workers union charged in a complaint that Albertsons violated the National Labor Relations Act in the days leading up to a vote by workers that gave union leaders the power to call a strike. The union withdrew the complaint last week because of a lack of witnesses.
December 1, 2005 |
A U.S. appeals court ruled Wednesday that a financial mutual-aid pact among the three grocery chains involved in the Southern and Central California labor dispute last year could be challenged on antitrust grounds, a spokesman for state Atty. Gen. Bill Lockyer said. Lockyer filed a lawsuit alleging that the agreement -- under which the chains shared nearly $150 million to help one another during the strike and lockout -- violated U.S. antitrust laws.
June 3, 2004 |
Supermarket chain Albertsons Inc. said first-quarter profit dropped 79% after a labor dispute at Southern California grocery chains hurt sales and the company shed its seven New Orleans stores. Net income was the lowest in seven quarters, declining to $36 million, or 10 cents a share, from $172 million, or 47 cents, a year earlier. Sales in the 13 weeks ended April 29 fell 2.5% to $8.69 billion.
September 11, 2004 |
Albertsons Inc., Safeway Inc. and the union representing workers at San Francisco Bay Area supermarkets agreed to keep negotiating past the expiration of their contract tonight. The No. 2 and No. 3 U.S. grocery chains and the United Food and Commercial Workers Union, representing about 30,000 workers in the region, will extend the current contract. Both sides have the option of halting the talks on five days' notice.
December 12, 2003 |
A promotion to select carriers of the Olympic flame through Los Angeles on its way to the Athens Games has a significant catch: Forms to nominate candidates are available only at Albertsons stores, which are being picketed by locked-out supermarket workers. The contest will choose 30 winners, based on their inspirational qualities as detailed in essays due by Dec. 31. Allison Resner of Fast Horse Inc.
February 28, 2004 |
California Atty. Gen. Bill Lockyer won't drop his antitrust suit against the three supermarket chains involved in the California labor dispute even if union members ratify a proposed contract and end the 20-week strike and lockout, his office said Friday. "We definitely intend to pursue the case," Lockyer spokesman Tom Dresslar said. The suit was filed in U.S. District Court in Los Angeles over a mutual-aid pact that was entered into by Albertsons Inc., Ralphs parent Kroger Co. and Safeway Inc.