April 28, 2006 |
Safeway Inc.'s first-quarter profit rose 9%, continuing the grocer's recent gains from cost cutting that alienated many employees and from store improvements that are reeling in more shoppers. The Pleasanton, Calif.-based company said it earned $142.9 million, or 32 cents a share, for the three months ended March 25. That compared with net income of $131.3 million, or 29 cents, a year earlier. Revenue for the latest period totaled $8.89 billion, a 3% increase.
April 14, 2000 |
Safeway Inc., the third-largest U.S. supermarket chain, on Thursday said fiscal first-quarter profit rose 18% as acquisitions helped to boost sales. The stock fell $4.50, about 9%, to close at $45.13 on the New York Stock Exchange. Before Thursday, shares of Safeway had risen about 31% since March 1. Pleasanton, Calif.
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.
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.
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.