Safeway (SWY)

Safeway Inc. today reported net income of $128.8 million ($0.31 per diluted share) for the third quarter of 2009 compared to net income of $199.7 million ($0.46 per diluted share) for the third quarter of 2008.
Safeway's CEO said sales remained soft, driven largely by deflation in dairy, produce and meat, and a sluggish economy, but company is encouraged encouraged that its household and transaction counts increased in the quarter, and that volume trends continue to improve.

Oct 15 · 9:50:00 AM · Source: Business Wire
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by Larry Etter