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Safeway Q3 net up, helped by sales of Genuardi’s stores
Pleasanton, Calif. -- Safeway Inc. posted a lower profit from continuing operations for the third quarter on Thursday, but its net profit rose to $157 million from $130.2 last year, helped by the sale of some of its Genuardi's stores. The company reported income from continuing operations of $108.0 million for the quarter ended Sept. 8, compared with $130.3 million in third quarter 2011.
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Costco ends year with strong sales, earnings
ISSAQUAH, Wash. — Costco reported fourth-quarter sales of $31.52 billion, an increase of 14% from $27.59 billion for the same period last year.
Net income for the quarter was $609 million, or $1.39 per diluted share, compared with $478 million, or $1.08 per diluted share, during the fourth quarter of fiscal 2011.
Comparable-store sales, excluding fuel, rose 6% at U.S. stores, 7% internationally and 6% for the total company.