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Safeway's Lifestyles Investment Continues To Pay Off

Apr 27, 2007, 5:00 AM
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Safeway Inc., one of the country's largest supermarket chains, said sales for its first quarter gained 4.8%, to $9.3 billion in the first quarter of 2007. And excluding the effect of fuel sales, identical-store sales increased 4.8 %.

Net income gained to $174.4 million, up from $142.9 million for the first quarter of 2006. The company cited its continued investment in its Lifestyle stores, as well as marketing and pricing strategies.

--Sarah Mahoney

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