Burd Projects Big Gains in Safeway Profits

Safeway is positioned to boost earnings by more than 50% in the next few years, to as much as $3.07 per share by 2011, compared with $1.99 in 2007, Steve Burd, chairman, president and chief executive officer, said yesterday during a presentation to the Retail, Restaurant & Consumer Conference sponsored by Bear Stearns.

NEW YORK — Safeway is positioned to boost earnings by more than 50% in the next few years, to as much as $3.07 per share by 2011, compared with $1.99 in 2007, Steve Burd, chairman, president and chief executive officer, said yesterday during a presentation here to the Retail, Restaurant & Consumer Conference sponsored by Bear Stearns. He also said Safeway plans to have its first "experimental format" store — a smaller format of approximately 20,000 square feet, according to reports — "up

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