date:Jul 22, 2013
Safeway, a North America-based food and drug retailer, reported lower profits for the second quarter (Q2) ended 15 June 2013, due to one-time charges, including tax expenses from the sale of its Canadian operations.
Safeway's second quarter net income totaled $8.4m. Sales and other revenue for the quarter ended 15 June 2013 edged down 1.6% to $8.7bn from $8.8bn in the year-ago period.
Safeway has attributed the drop in sales to lower fuel sales in 2013 and the sale of its Genuardi's stores in