Safeway Q3 profit up 6% on cost controls
Pleasanton, Calif. -- Safeway reported a 6% rise in fiscal third-quarter profit amid stronger revenue from gasoline sales and cost control efforts. Net income rose to $130.2 million for the period ended Sept. 10, up from $122.8 million, or 33 cents per share, a year ago.
Revenue rose 7% to $10.06 billion, from $9.4 billion. Same-store sales, excluding fuel, rose 1.5%