Safeway reports sales, revenue increase

Pleasanton-based Safeway Inc. (SWY) reported net income of $194.6 million for the third quarter Thursday, an increase from $173.5 million in the same quarter last year.

That represents a 13 percent increase in earnings per share, currently at $0.44 per diluted share.

Total sales and other revenue increased 3.9 percent to $9.8 billion, compared to $9.4 billion. Comparable-store sales increased 3.2 percent excluding the effect of fuel sales, and identifical store sales increased 3 percent.

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