PLEASANTON, Calif. -- Safeway here said it plans to spend more than $950 million in 1998, opening 40 to 45 new stores, remodeling more than 200 stores and completing the construction of its Maryland distribution facility. sales of $5.49 billion the year prior. Diluted earnings per share rose by 35% to 85 cents from 63 cents in 1996. Fourth-quarter same-store sales, not including replacement stores, were up 2.4%. The company did not release a year-to-year same-store sales comparison. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.