Safeway said Wednesday it expects to pass through most of the inflation it is experiencing during the second quarter after seeing first-quarter income come in “slightly below plan,” partly as a result of not passing along inflation in produce, meat and pharmacy for competitive reasons. Robert Edwards, president and CEO, said Safeway was able to drive first-quarter sales momentum as a result of several ongoing initiatives, adding the chain expects to improve second-half ...
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.