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

Premium Insights

The gold standard of business intelligence.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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%.