Safeway Inc. (SWY) Wednesday reported fourth-quarter profit of $3.31 billion or $13.46 per share, up from $244.0 million or $1.02 per share in the same period last year.
Earnings from continuing operations totaled $100.0 million or $0.35 per share, compared to $170.7 million or $0.71 per share last year. Fourth-quarter profit included a gain of $3.23 billion or $13.11 per share from discontinued operations.
Adjusted earnings for the quarter were $0.53 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.
Sales and other revenues amounted to $11.31 billion, up from $11.22 billion last year. Analysts expected sales of $11.48 billion.
Looking ahead to the fiscal 2014, the company currently projects adjusted earnings in the order of $1.15 to $1.35 per share. Analysts currently expect full-year earnings of $1.69 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.