Albertsons Companies Announces $750 Million Accelerated Share Repurchase Agreement
Board Authorizes increase in total Share Repurchase Program to $2.75 billion, inclusive of the Accelerated Share Repurchase Agreement
Albertsons Companies today announced that it has entered into an accelerated share repurchase (“ASR”) agreement with JPMorgan Chase Bank, National Association (the “dealer”) to repurchase $750 million of shares of the Company’s common stock and increased its board authorized share repurchase program from $2 billion to $2.75 billion, inclusive of the ASR agreement.
“We are operating from a position of strength and executing with clarity, discipline and momentum. Our strategy is working and we expect to continue to invest in our business, while providing attractive returns to our shareholders,” said CEO Susan Morris. “We believe our current share price undervalues the strength of our business and long-term growth. This ASR represents approximately 8 percent of our current outstanding shares, creating meaningful value for all shareholders.”
Under the ASR agreement, on Oct. 15, 2025, the Company will pay $750 million to the dealer and expects to receive an initial delivery of approximately 80 percent of the shares of the Company’s common stock initially underlying the ASR agreement. The total number of shares to be repurchased by the Company pursuant to the ASR agreement will be based on the volume-weighted average price of the Company’s common stock on specified dates during the term of the ASR agreement, less a discount and subject to customary adjustments under the terms and conditions of the ASR agreement.
The transactions under the ASR agreement are expected to be completed by no later than the first quarter of 2026.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of Sept. 6, 2025, the Company operated 2,257 retail stores with 1,720 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2024, along with the Albertsons Companies Foundation, the Company contributed more than $435 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci’s Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw’s and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies All other trademarks are the property of their respective owners.