Food retailer Safeway Inc. reported a first-quarter...
- Share via
Food retailer Safeway Inc. reported a first-quarter loss of $4.9 million, due largely to the costs of retiring debt from its 1986 leveraged buyout.
The loss, which amounted to 4 cents per share, contrasted with earnings of $26.7 million, or 26 cents per share, in the same period a year earlier.
Sales for the quarter ended March 21 were flat at $3.4 billion, the same as the first quarter of 1991. The company reported operating profit of $102 million in the quarter, down from $122.8 million.
Earnings, D7
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
