Safeway Increases Northern California Food Donations by 20% in Three Months With Optimization Solution From Divert, Inc. (2024)

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04:00:02 2024-06-24 pm EDT
5-day change 1st Jan Change
19.79 USD +1.18% Safeway Increases Northern California Food Donations by 20% in Three Months With Optimization Solution From Divert, Inc. (1) -1.40% -13.96%
May. 17 Sector Update: Consumer Stocks Mixed Late Afternoon MT
May. 17 Sector Update: Consumer MT

* Retailer leverages Divert's proprietary data, waste reduction and food recovery strategies to meet state-led organic waste recovery goals

Originally published by Divert, Inc.

Divert, Inc., an impact technology company on a mission to Protect the Value of Food(TM), and Safeway, the leading banner operated by Albertsons Companies, today announced results from the implementation of Divert's optimization solution to reduce wasted food and accelerate food recovery efforts. In three months, Safeway increased its food donations by 20%, reducing the edible food going to waste by an average of 1,252 pounds per store per month.

See the original press release here, download the full case study here, and read more about Albertsons Companies and our Recipe for Change on our website.

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(C) 2024 M2 COMMUNICATIONS, source M2 PressWIRE

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Safeway Increases Northern California Food Donations by 20% in Three Months With Optimization Solution From Divert, Inc. (2)

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Company Profile

Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. The Company operates approximately 2,269 stores across 34 states and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and others. The Company operates approximately 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Its own brands include Signature SELECT, Open Nature, Signature Cafe, Lucerne, Waterfront BISTRO, Primo Taglio, Signature Care, Signature Reserve and Value Corner.

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Calendar

2024-07-22 - Q1 2024 Earnings Release (Projected)

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Ratings for Albertsons Companies, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Safeway Increases Northern California Food Donations by 20% in Three Months With Optimization Solution From Divert, Inc. (3)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

17

Last Close Price

19.79USD

Average target price

24.87USD

Spread / Average Target

+25.65%

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Quarterly earnings - Rate of surprise

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Safeway Increases Northern California Food Donations by 20% in Three Months With Optimization Solution From Divert, Inc. (2024)

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