- The company earned $72.9 million in the three months ended March 24, compared to $25.1 million during the same time period last year. (Last year's first quarter net income would have been $105.3 million if it were not for a large tax charge.)
- Revenue for the period rose 2.4% to $10 billion, up from $9.77 billion last year.
- Revenue at stores opened at least a year - a key indicator of the health of a retailer - was flat as compared to a year ago.
Safeway said it expects an estimated gain of about $67 million from the sale or closure of all the remaining Genuardi's stores later this year.