Safeway's Profit Growth Fueled by New Vehicles

SAN FRANCISCO Safeway believes it can sustain earnings per share growth of 12% to 15% over the next few years and re-emerge as the growth company it was in the 1990s through a combination of ongoing lifestyle store conversions, making acquisitions in new markets, developing new store formats, growing its third-party marketing business and using club card data to develop more effective programs. Steve

SAN FRANCISCO — Safeway believes it can sustain earnings per share growth of 12% to 15% over the next few years — and re-emerge as the growth company it was in the 1990s — through a combination of ongoing lifestyle store conversions, making acquisitions in new markets, developing new store formats, growing its third-party marketing business and using club card data to develop more effective programs.

Steve Burd, chairman, president and chief executive officer of the Pleasanton,

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