Safeway Sees Earnings Gains From Price Investments

Safeway Sees Earnings Gains From Price Investments

Safeway said yesterday it believes savings from ongoing cost reductions that it invests in lower prices will enable it to grow earnings, despite perceptions to the contrary.

PLEASANTON, Calif. — Safeway here said yesterday it believes savings from ongoing cost reductions that it invests in lower prices will enable it to grow earnings, despite perceptions to the contrary.

"We see a lot of opportunities to lower costs and then use what we save to finance price investments," Steve Burd, chairman, president and chief executive officer, said, "and if we get good sales results, as we anticipate,

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