safeway

In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting meat.

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.

Safeway says its unionized Colorado grocery workers have agreed to extend their labor contract again until June 26.

Grocery-store operator Safeway Inc. reports its fourth-quarter results on Thursday. The following is a summary of key developments related to the period.