Listeria Scare Prompts Albertsons To Recall Certain Ready-To-Eat Meals In Multiple States
Portfolio Pulse from Lekha Gupta
Albertsons Companies, Inc. (NYSE:ACI) has recalled 12 types of ReadyMeals and deli items due to potential Listeria contamination. The recall affects multiple states and was initiated after contamination was detected in a chicken ingredient. Albertsons recently launched an innovative wine bottle made from recycled PET. ACI shares are slightly up premarket.
October 14, 2024 | 11:01 am
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Albertsons has recalled certain ReadyMeals due to Listeria contamination, affecting its stores in several states. This could impact consumer trust and sales in the short term, but shares are slightly up premarket.
The recall of ReadyMeals due to Listeria contamination could negatively impact consumer trust and sales, leading to a potential short-term decline in stock price. However, the slight premarket increase suggests limited immediate impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Albertsons through the First Trust Cons. Staples AlphaDEX ETF (NYSE:FXG). The recall may have a minor impact on the ETF's performance.
The recall of Albertsons' products may have a minor impact on FXG's performance, as it is one of many holdings in the ETF. The overall effect on the ETF is likely to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50