International Business News - Safeway http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Safeway Stores Inc. rose Wednesday, the day after the company issued a modest but confident earnings report despite tough economic times. Shares rose nearly 5 percent by the afternoon following some volatility earlier, and were trading up $1.11 to $23.96 late in the session. http://www.ibtimes.com/articles/20081008/safeway-fares-well-on-confident-quarter.htm Wed, 08 Oct 2008 15:32:48 EDT Among the earnings stories for Tuesday, Oct. 7, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081007/earnings-roundup-safeway-acuity-brands.htm Tue, 07 Oct 2008 10:22:40 EDT Higher sales at its gas stations and upscale stores helped boost grocer Safeway Inc.'s profit nearly 3 percent in its third fiscal quarter. The nation's second-biggest grocery store said Tuesday that its profit rose to $199.7 million, or 46 cents per share, for the three months ended Sept. 6, from $194.6 million, or 44 cents per share, last year. http://www.ibtimes.com/data/articleimgs/146758-earns-safeway.jpg http://www.ibtimes.com/articles/20081007/safeway-3rd-quarter-profit-rises-almost-3-percent.htm http://www.ibtimes.com/articles/20081007/safeway-3rd-quarter-profit-rises-almost-3-percent.htm Tue, 07 Oct 2008 16:56:35 EDT Safeway Inc., one of the largest U.S. food and drug retailers, is expected to report that profit rose slightly in the third quarter from a year ago. Morningstar analyst Mitchell P. Corwin notes the stores' emphasis on wholesome and high-quality goods has helped the company post "consistent growth" and gain market share. Corwin has a "Buy" rating on Safeway, but warns of threats from Wal-Mart supercenters and other stores that have recently entered Safeway's market. http://www.ibtimes.com/articles/20081007/ahead-of-the-bell-safeway-earnings-seen-rising.htm Tue, 07 Oct 2008 06:05:45 EDT Grocery-store operator Safeway Inc. reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081006/earnings-preview-safeways-3q-report.htm Mon, 06 Oct 2008 13:36:35 EDT Shares of Safeway Stores Inc. fell 4 percent Friday after the grocery chain was downgraded over its high-end strategy. Morgan Stanley downgraded Safeway shares to "Underweight" from "Equal-weight" and set a price target of $22, saying the company is stuck with an upscale strategy in a trade-down economy. http://www.ibtimes.com/articles/20080905/safeway-stores-shares-fall-on-analyst-downgrade.htm Fri, 05 Sep 2008 17:48:50 EDT Safeway Inc. on Wednesday declared a regular quarterly cash dividend of 8 cents per common share. The dividend for the grocery store chain will be payable on Oct. 16 to stockholders of record as of Sept. 25. http://www.ibtimes.com/articles/20080827/safeway-declares-8-cent-dividend.htm Wed, 27 Aug 2008 11:05:11 EDT _ Safeway Inc. spent $380,000 in the second quarter to lobby the federal government on food, pharmacy and other grocery store issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080806/safeway-spent-380k-lobbying-government-in-2q.htm Wed, 06 Aug 2008 16:36:11 EDT Shares of Safeway Inc. dropped on Thursday after the grocery store operator lowered its expectation for 2008 same-store sales growth and said consumers are cutting back on spending amid a weak U.S. economy. http://www.ibtimes.com/articles/20080717/analyst-downgrades-safeway-following-2q-results.htm Thu, 17 Jul 2008 19:17:36 EDT Higher gas sales and a boost from its more upscale stores helped grocer Safeway Inc. post slightly higher second-quarter earnings Thursday, but a downbeat outlook because of consumers cutting back sent its shares tumbling more than 10 percent. http://www.ibtimes.com/articles/20080717/safeway-2q-profit-rises-edging-past-analyst-view.htm Thu, 17 Jul 2008 17:45:51 EDT Supermarket retailer Safeway Inc. said Tuesday that Diane M. Dietz, who formerly oversaw brands including Crest toothpaste, Oral-B toothbrushes and Scope rinses at Proctor & Gamble, will be the company's new executive vice president and chief marketing officer. http://www.ibtimes.com/articles/20080701/safeway-names-diane-dietz-as-marketing-chief.htm Tue, 01 Jul 2008 12:05:04 EDT Grocery-store operator Safeway Inc. and media company Warner Bros. on Wednesday said they will introduce a line of food products targeted at healthy eating featuring Looney Tunes characters ranging from Bugs Bunny to Daffy Duck. http://www.ibtimes.com/articles/20080604/safeway-plans-healthy-food-line-pitched-at-kids.htm Wed, 04 Jun 2008 09:50:12 EDT Grocer Safeway Inc. said Wednesday its board of directors boosted the company's regular quarterly cash dividend 20 percent. The company said it raised the dividend to about 8 cents per share from about 7 cents per share. http://www.ibtimes.com/articles/20080514/safeway-boosts-quarterly-dividend-20-percent.htm Wed, 14 May 2008 09:19:12 EDT Grocer Safeway Inc. said Thursday it will offer its Club Card customers a 10 percent discount on groceries if they cash their economic stimulus checks at Safeway-owned stores. http://www.ibtimes.com/articles/20080501/safeway-to-offer-economic-stimulus-discounts-to-shoppers.htm Thu, 01 May 2008 16:53:02 EDT Shares of Safeway Inc. ticked higher Tuesday after an analyst applauded the supermarket operator's first-quarter results and said the company is poised to beat the Street's earnings target in 2008. http://www.ibtimes.com/articles/20080429/safeway-jumps-as-analyst-says-2008-results-will-beat-street.htm Tue, 29 Apr 2008 13:11:08 EDT Supermarket operator Safeway Inc. reported Thursday its profit rose 11 percent in the first quarter despite a slowing sales growth rate, results that were boosted by the Easter holiday, a weak dollar and higher gas sales. http://www.ibtimes.com/articles/20080424/safeway-1q-profits-up-11-percent-beating-expectations.htm Thu, 24 Apr 2008 15:25:29 EDT Safeway says first-quarter profits beat analyst expectations on sales from its Lifestyle format stores and the stronger Canadian dollar. The grocery-store operator says profit rose 11 percent to $193.4 million, or 44 cents per share, from $174.4 million, or 39 cents per share last year. Thomson Financial says analysts expected a profit of 42 cents per share. http://www.ibtimes.com/articles/20080424/lifestyle-store-sales-help-safeway-1q-results.htm Thu, 24 Apr 2008 09:20:22 EDT Safeway Inc. shares fell to a new low after the Federal Reserve cut a key interest rate to help bolster the economy. The Fed lowered its lending rate to banks by a quarter of a percentage point to 3.25 percent on Sunday. The move came as JPMorgan Chase & Co. said it would buy Bear Stearns Cos. with the Fed's help to keep the troubled bank from sinking into bankruptcy. http://www.ibtimes.com/articles/20080317/safeway-shares-hit-52-week-low.htm Mon, 17 Mar 2008 12:56:18 EDT Grocer Safeway Inc. said Friday it appointed Frank Herringer and Kenneth Oder to its board of directors, expanding the size of the board to 11 members from nine. http://www.ibtimes.com/articles/20080307/safeway-adds-2-to-board.htm Fri, 07 Mar 2008 09:54:30 EST Safeway Inc. Chief Executive Steven Burd remained confident in the grocery store chain's 2008 earnings forecast Tuesday while anticipating continued growth from its Blackhawk gift card business. http://www.ibtimes.com/articles/20080304/safeway-remains-confident-in-08-outlook.htm Tue, 04 Mar 2008 11:55:58 EST