Safeway Q2 Profits Down 16%

Safeway Q2 Profits Down 16%

Safeway said net income fell 15.8% to $122.7 million in Q2.

PLEASANTON, Calif. — Safeway stock fell last week after the company disclosed a decline in net income for the second quarter — although the company attributed the stock decline in part to an extension of negative investor sentiment about rival Supervalu.

Steve Burd

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