Safeway Inc. (NYSE:SWY) yesterday reported that net income, excluding the estimated effects of the Summit Logistics strike described below, was $365.7 million ($0.71 per share) for the fourth quarter ended December 30, 2000. This represents a 20% increase over net income of $305.3 million ($0.59 per share) for the fourth quarter of 1999. Including the effects of the Summit Logistics strike, net income was $299.1 million ($0.58 per share).