Safeway Q3 Income, Sales Slide

PLEASANTON, Calif. Safeway here said last week it expects sales and earnings for the fourth quarter to come in at the low end of the guidance it issued earlier this year as it reported lower results for the third quarter ended Sept. 11. Steve Burd, chairman president and chief executive officer, said lower prices per item would keep earnings for the fourth quarter at the low end of the chain's guidance

PLEASANTON, Calif. — Safeway here said last week it expects sales and earnings for the fourth quarter to come in at the low end of the guidance it issued earlier this year as it reported lower results for the third quarter ended Sept. 11.

Steve Burd, chairman president and chief executive officer, said lower prices per item would keep earnings for the fourth quarter at the low end of the chain's guidance of $1.50 to $1.70 per share and identical-store sales close to the low end

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