PLEASANTON, Calif. — Safeway here expects operating profits to “grow nicely going forward” as a result of a refinancing plan and other ongoing initiatives, the chain’s senior vice president, finance and investor relations, said in a conference call last week. According to Melissa Plaisance, Safeway believes the temporary shift in financial policy it initiated last November — using incremental leverage for share repurchases at very low interest rates — ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.