UK: Safeway expects to meet analysts’ estimates
Despite reports to the contrary, a spokesman for Safeway has said that the company is not set to issue a profit warning. Taylor Nelson Sofres recently published industry market share data that has led to speculation that Safeway's sales growth might be weakening. Despite the fact that the company reported in July that its sales growth had risen this year, it has in fact risen by a smaller percentage than it had risen by the same point last year. Safeway still expects to meet estimates for the half-year and full-year.
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