Albertsons (ACI), DoorDash Tie Up to Expedite Grocery Delivery

Albertsons Companies, Inc. ACI looks to strengthen its grocery delivery capabilities to make shopping more seamless. In latest developments, the company announced its partnership with the technology firm DoorDash DASH to boost on-demand grocery delivery services. Through this tie-up, customers can get products delivered from about 2,000 Albertsons banner stores in the country. This includes Safeway, Vons, Jewel-Osco and more from the DoorDash marketplace app.

The coronavirus pandemic immensely changed consumers’ preferences and shopping trends including online purchasing and quick home delivery. Accordingly, companies are looking to expedite reliable delivery services for essential commodities including groceries, and in turn, making the shopping experience very convenient and faster.

We note that Albertsons will offer more than 40,000 grocery items including prepared and fresh food apart from core groceries via its partnership with DoorDash. Markedly, the new collaboration takes into consideration the immediate and long-term initiatives. This includes the expansion of Albertsons' first-party grocery delivery business with DoorDash Drive, thus offering a unique selection of specialty items, prepared meals and meal kits.

Hence, customers can now order groceries and essentials from Albertsons’ stores via DoorDash's marketplace app and get them delivered in an hour. Notably, no minimum order size is required to place the orders. Meanwhile, in select markets, customers can also place grocery orders via the local Albertsons store's website for same-day delivery. This is powered by DoorDash Drive, DoorDash's white-label fulfillment platform that enables direct delivery for any business.

In addition, the Albertsons-DoorDash tie-up launched a digital gaming experience for its customers. This will allow them to play and score savings on future orders. In fact, customers can win exciting rewards including credits of up to $5,000 on DoorDash purchases via the 'In the Bag' video game.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research

We note that Albertsons remains committed toward digital transformation. The company registered digital sales growth of nearly 258% in fiscal 2020. Over the past six months, shares of Albertsons have increased 29.1% against its industry’s 12.9% decline. This food and drug dealer currently carries a Zacks Rank #2 (Buy).

Better-Ranked Stocks to Consider

Medifast MED has a trailing four-quarter earnings surprise of 12.7%, on average. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Darling Ingredients DAR, presently flaunting a Zacks Rank of 2, has a trailing four-quarter earnings surprise of 29.8%, on average.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Darling Ingredients Inc. (DAR) : Free Stock Analysis Report

MEDIFAST INC (MED) : Free Stock Analysis Report

DoorDash, Inc. (DASH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Astro Resources NL ARO.AX +25.00%
 Athena Resources Ltd. AHN.AX +22.22%
 Adavale Resources Limited ADD.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%