US retailer Safeway today (24 April) reported a 13% rise in quarterly profits thanks to this year’s early Easter and cost cuts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


However, the company revised its sales forecast downwards for the full year.


The grocer booked net income of US$193.4m on a total revenue increase of 7.3% to $10bn.


Identical-store sales, excluding fuel, rose 2.9%.


Chairman, president and CEO Steve Burd said he was “pleased” with the result. “Our efforts to reduce and control costs contributed to operating margin improvement. At the same time, we invested in lower prices to improve our competitiveness and enhance our consumer offering,” he said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Nevertheless, Safeway said it now expects identical-store sales growth of 2-2.3% this year, down from an early forecast of 3-3.2%.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now