Safeway Inc. is reporting that its profit edged up in the second quarter in part because of a tax benefit but that its recent price cuts will take time to gain traction with shoppers, and it has lowered its outlook for the year.
Grocer Safeway's profit up slightly in 2QCourtesy Newsvine - business Thu, 07/23/2009 - 07:25
Safeway Inc. is reporting that its profit edged up in the second quarter in part because of a tax benefit but that its recent price cuts will take time to gain traction with shoppers, and it has lowered its outlook for the year. Related itemsEarnings Preview: Safeway Inc.
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