Safeway profit

• July 20--PLEASANTON -- Safeway profit plunged in its second quarter as the grocery chain attempted to battle a rising tide of competitors in Northern California and to cope with increasingly cautious consumers.
(Businessweek)
• PLEASANTON -- Safeway profits plunged in its second quarter as the grocery chain attempted to battle a rising tide of competitors in Northern California and to cope with increasingly cautious consumers.
(Contra Costa Times)
• (RTTNews.com) - Grocery retailer Safeway Inc. (SWY), Thursday reported a lower second quarter profit as reduced gross margin offset a two percent rise in revenues that topped Street estimates, amid signs of improved volumes.
(Update - NASDAQ)
• (RTTNews) - Grocery chain Safeway Inc. (SWY: News ) posted second quarter net income attributable to Safeway of $122.7 million versus $145.8 million a year ago. Earnings rose to $0.51 per share from $0.41 per share last year.
(Quick Facts - RTT News)
• Grocery store company Safeway Inc. reported a profit of $122.7 million for the April to June quarter, down 16 percent compared with the same period a year ago, yet even so it beat the expectations of analysts.
(The Business Journal)
• Guidance Safeways guidance for 2012 remains at $1.90 to $2.
(NBCNews.com)
• Safeway Inc.s ( Safeway Inc.) second-quarter profit fell 16% as higher costs for advertising and for its new loyalty program masked the supermarket operators revenue growth.
(4-traders (press release))
• The estimates of 15 analysts ranged from profit of 42 cents to profit of 56 cents. Net income for the second quarter was $1.22 billion. According to the reported number, this is up 734.7% from last years levels. Revenue climbed 918.
(FOXBusiness)