PLEASANTON, Calif. - Safeway Inc.'s fiscal third-quarter profit rose 6 percent as the grocery chain generated stronger revenue from gasoline sales and cost control efforts. Its shares rose more than 4 percent in premarket trading.
The operator of the Philadelphia region's Genuardi's chain, as well as Von's, Dominicks, Safeway and other grocery chains, reported Thursday that its net income rose to $130.2 million, or 38 cents per share, for the period ended Sept. 10. That's up from $122.8 million, or 33 cents per share, a year ago.
