Safeway Q4 Comps Down 0.8%

PLEASANTON, Calif. — Safeway here on Thursday said it returned to a profit in the fiscal fourth quarter after one-time charges in the year-ago period, although identical-store sales dipped 0.8%.

PLEASANTON, Calif. — Safeway here on Thursday said it returned to a profit in the fiscal fourth quarter after one-time charges in the year-ago period, although identical-store sales dipped 0.8%.

Net income for the 16-week quarter, which ended Jan. 1, totaled $229.6 million, vs. a loss of $1.61 billion in the year-ago fourth quarter after a goodwill impairment charge of $1.97 billion. Sales in the recent quarter

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