Safeway (SWY) Reports Q2 EPS of $0.53, Affirms FY08 Guidance
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Safeway Inc. (NYSE: SWY) reports Q2 EPS of $0.53, 1 cent better than the analyst estimate of $0.52. Revenues for the quarter were $10.1 billion, versus the consensus of $10.23 billion.
Affirms its previously issued FY08 EPS guidance of $2.25-$2.35, versus the consensus of $2.28. Safeway also lowered its outlook for identical-store sales growth from 2-2.3% to 1-2%.
Safeway, Inc., together with its subsidiaries, operates as a food and drug retailer in North America.
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