Safeway Q3 Sales Dip on Genuardi's Sale

PLEASANTON, Calif. — Safeway here said the disposition of its Genuardi's operation in the Philadelphia area and a lower Canadian exchange rate resulted in a sales decline for the third quarter ended Sept. 8.

Safeway sold 16 Genuardi's units and closed one during the quarter for a $49 million after-tax gain and cash proceeds of $111 million. The company said it expects to close the three remaining Gen

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