PLEASANTON, Calif. — Safeway last week said higher fuel prices fueled sales and earnings during the first quarter, although net income was hit by some one-time charges. “When fuel prices go up, we have the cheapest price compared with branded companies,” Steve Burd, chairman, president and chief executive officer, told analysts during a conference call. “And when you add in promotional programs that reduce the price per gallon, it all works to our advantage.” For the quarter, net income ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.