OTHER NEWS - July 11, 1995
<i> Times Staff and Wire Reports</i>
Safeway 2nd-Quarter Earnings Up 33%: The Oakland-based grocery chain said the earnings increased despite a nine-day strike this spring at 208 of its Northern California stores. It earned $68.7 million, or 57 cents a share, for the quarter ended June 17, up from $51.5 million, or 48 cents a share, for the quarter last year. Revenue was $3.75 billion, up from $3.61 billion for the year-ago period. Safeway said the strike cut its earnings by 5 cents a share. For the first six months, Safeway earned $130.7 million, or $1.08 a share, compared to $93 million, or 77 cents a share, last year. Sales for the period were $7.39 billion, up from $7.1 billion. Safeway shares closed down 12.5 cents at $38.25 on the New York Stock Exchange.
