ALBERTSONS SEES FLAT PROFITS

BOISE, Idaho -- Albertsons here last week predicted that the weak economy and continuing intense competition would prevent the company from growing its profits in 2003.In a conference call with analysts discussing its fourth-quarter and fiscal-2002 results, the company said it would continue to invest in pricing and promotion to drive sales and would also continue to bias its capital expenditures

BOISE, Idaho -- Albertsons here last week predicted that the weak economy and continuing intense competition would prevent the company from growing its profits in 2003.

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