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.

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 toward remodels. Also, the company said it has seen strong results from the addition of

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