PLEASANTON, Calif. — Safeway here said yesterday the rate of inflation showed signs of moderating somewhat in the third quarter and is likely to continue to slow down in 2008. Whereas Safeway absorbed a 2-cent hit on earnings per share due to inflation earlier in the year, the impact on third-quarter earnings was zero as it passed through inflationary cost increases, Steve Burd, chairman, president and chief executive officer, told analysts during a conference call to discuss financial ...
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