Safeway Comps Fall, Sees Price Pressures

PLEASANTON, Calif. — Stock in Safeway here fell more than 5% yesterday after the company posted a 3.1% decline in same-store sales for the first quarter and said profits fell by a third, adding that short-term profit pressures persist.

PLEASANTON, Calif. — Stock in Safeway here fell more than 5% yesterday after the company posted a 3.1% decline in same-store sales for the first quarter and said profits fell by a third, adding that short-term profit pressures persist.

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