SAFEWAY OPERATING EARNINGS GAIN 51% DURING 3RD QUARTER

OAKLAND, Calif. -- Safeway here said last week it reduced operating expenses, raised same-store sales and increased operating earnings more than 51% in the third quarter ended Sept. 10.It marked the seventh consecutive quarter Safeway has reported improved same-store sales and the sixth straight quarter the chain has achieved lower selling, general and administrative expenses.Same-store sales rose

OAKLAND, Calif. -- Safeway here said last week it reduced operating expenses, raised same-store sales and increased operating earnings more than 51% in the third quarter ended Sept. 10.

It marked the seventh consecutive quarter Safeway has reported improved same-store sales and the sixth straight quarter the chain has achieved lower selling, general and administrative expenses.

Same-store sales rose 3.7% in the quarter and operating earnings totaled $63.7 million, or 52 cents

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