Safeway: No Impact From Inflation

Safeway said last week that the rate of inflation showed signs of moderating somewhat in its fiscal third quarter and is likely to continue to slow down in 2008. Although Safeway absorbed a 2-cent hit on earnings per share due to inflation earlier in the year, the impact on third-quarter earnings was zero as the company passed through inflationary cost increases, Steve Burd,

Pleasanton, Calif. — Safeway here said last week that the rate of inflation showed signs of moderating somewhat in its fiscal third quarter and is likely to continue to slow down in 2008.

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