September 26, 1997 |
Safeway Inc.'s third-quarter earnings rose 42%, partly on increased sales from its purchase of Los Angeles-based Vons Cos. earlier this year. The food and drug retailer's profit from operations rose to $150 million, or 60 cents a share, from net income of $105.9 million, or 44 cents, a year earlier. The most recent quarter's results exclude a charge for the early retirement of debt.
January 10, 1997 |
Oakland-based Safeway Inc. more than doubled the number of shares it will buy back from Kohlberg Kravis Roberts & Co. to 32 million from 15 million as part of its plan to buy Vons Cos. The shares will be bought for $43 each immediately after the Vons acquisition has been completed, the company said. Raising the stock buyback will limit the increase of Safeway shares outstanding after the acquisition to about 9 million, and will help its per-share earnings, the company said.
October 21, 1998 |
Safeway Inc. filed with the Securities and Exchange Commission to sell as much as $1.6 billion of debt securities, saying it may use the money to pay for pending acquisitions. The Pleasanton-based supermarket company agreed last week to buy Dominick's Supermarkets Inc. for about $1.8 billion in cash and assumed debt. Safeway also is purchasing Carr-Gottstein Foods Co. for $330 million in cash and assumed debt.
April 20, 2014 |
The job : Bill Dombrowski is president of the California Retailers Assn., a trade group based in Sacramento that includes most of the country's largest store chains, including 7-Eleven Inc., Safeway Inc., Macy's Inc., Wal-Mart Stores Inc. and Home Depot Inc. For the last 20 years, he's crafted political and legislative strategies for the association, whose members generate more than $570 billion in annual sales and employ nearly 2.8 million people....
October 1, 1999 |
Shares of Safeway Inc. tumbled after the firm disappointed investors by matching Wall Street earnings estimates for its fiscal third quarter. Pleasanton, Calif.-based Safeway, the nation's second-largest supermarket chain, said its profit rose 15% in the latest quarter to $223.4 million, or 44 cents a share. The results matched the average estimate of analysts surveyed by First Call Corp. but they were less than estimates of 46 cents published on the StreetIQ Web site, http://www.streetiq.com.
July 29, 1999 |
Safeway Inc., under pressure from Wall Street to continue growing, said it will spend $1.4 billion to open as many as 75 new stores and remodel 250 others next year. The announcement is part of the No. 3 U.S. supermarket company's plan to boost earnings 15% over the next five years. That target does not include additional earnings from the planned acquisition of Houston-based Randall's Food Markets, announced last week.