SAFEWAY SETS $950 MILLION IN 1998 OUTLAYS; RESULTS RISE

PLEASANTON, Calif. -- Safeway here said it plans to spend more than $950 million in 1998, opening 40 to 45 new stores, remodeling more than 200 stores and completing the construction of its Maryland distribution facility.sales of $5.49 billion the year prior.Diluted earnings per share rose by 35% to 85 cents from 63 cents in 1996.Fourth-quarter same-store sales, not including replacement stores, were

PLEASANTON, Calif. -- Safeway here said it plans to spend more than $950 million in 1998, opening 40 to 45 new stores, remodeling more than 200 stores and completing the construction of its Maryland distribution facility.

sales of $5.49 billion the year prior.

Diluted earnings per share rose by 35% to 85 cents from 63 cents in 1996.

Fourth-quarter same-store sales, not including replacement stores, were up 2.4%. The company did not release a year-to-year same-store

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