Safeway 4Q Profit Falls

Pleasanton, Calif. Safeway said its profit fell 2% in the fourth quarter because of a tax gain that inflated earnings a year ago.

The company said profit dropped to $301.1 million from $307.9 million.

Total sales rose 7% to $13.36 billion from $12.5 billion.

Recommended stories

Login or Register to post a comment.