OAKLAND, Calif. -- Safeway here reported operating earnings of $58.9 million in its second quarter ended June 18, an increase of 63.6% and far above Wall Street's expectations. Net income in the 12-week period -- including a $7.4 million charge related to early-debt retirement -- increased 43.1% to $51.5 million. The consensus estimate among securities analysts who follow Safeway was for operating earnings of about 39 cents per share, well below the 48-cents per share Safeway achieved ...
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