Albertsons announces $750 million share repurchase program

Albertsons Companies Inc. (NYSE: ACI) entered into a $750 million accelerated share repurchase agreement with JPMorgan Chase Bank and increased its total share repurchase program authorization to $2.75 billion from $2 billion.

Under the agreement announced Monday, Albertsons will pay $750 million to JPMorgan on October 15, 2025, and expects to receive an initial delivery of approximately 80% of the shares. The total number of shares repurchased will be based on the volume-weighted average price of the company's common stock during the agreement term, less a discount.

"This ASR represents approximately 8% of our current outstanding shares, creating meaningful value for all shareholders," said CEO Susan Morris in the company's statement.

The transactions are expected to be completed by the first quarter of 2026.

Albertsons operates 2,257 retail stores with 1,720 in-store pharmacies across 35 states and the District of Columbia as of September 6, 2025. The grocery retailer operates under 22 banners including Albertsons, Safeway, Vons, and Jewel-Osco.

The information is based on a company press release.

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