Safeway remains in strike recovery mode

Oct. 20, 2004
Safeway Inc, the Pleasanton CA-based supermarket chain, reported net income of $159.2 million for the third quarter ended Sept 11, 2004.

Safeway Inc, the Pleasanton CA-based supermarket chain, reported net income of $159.2 million for the third quarter ended Sept 11, 2004. Net income totaled $202.5 million for the third quarter of 2003.

Net income for the third quarter 2004 includes an estimated impact of approximately $45 million after tax as the company recovers from the recent grocery clerk strike in Southern California. It also includes contributions to two Northern California United Food and Commercial Workers union multi-employer health and welfare plans of $12.1 million after tax.

Total sales remained relatively flat at $8.3 billion in the third quarter of 2004 and 2003, as additional sales from fuel and new store openings were offset by the impact of the strike.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...