date:Oct 11, 2013
k and invest in other growth opportunities.
Its net income fell to $65.8 million, or 27 cents per share, in the fiscal third quarter that ended on Sept. 7, compared with $157 million, or 66 cents per share, a year earlier.
Safeway earned 10 cents per share from continuing operations excluding an impairment charge related to a warehouse information software project, below analysts' average forecast of 16 cents per share.
Sales and other revenue rose 1.1 percent to $8.6 billion.
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