Safeway Stores reported that its consolidated net...

Safeway Stores reported that its consolidated net earnings for 1985 hit a record $231.3 million, up 22.8% over the preceding year’s $185 million. The results include a net after-tax gain of $34.8 million on the sale of selected foreign operations. Safeway’s consolidated sales totaled $19.65 billion for the year, up slightly from $19.64 billion in 1984. During 1985, the Oakland-based firm closed 125 older stores and opened 100 new ones, primarily larger “superstores.” It plans to open another 90 in 1986.