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twitterProfit rises for Von’s owner
Thursday, April 13, 2000 | 10:54 a.m.
PLEASANTON, Calif. -- Safeway Inc., owner of Von's markets in Las Vegas, today reported first quarter net income of $241.9 million or 48 cents per share, up 20 percent from the $205.8 million or 40 cents earned in the first quarter of 1999.
The per-share earnings beat expectations of 47 cents per share, the average estimate of analysts polled by Zacks Investment Research.
First-quarter sales increased 16 percent to $7.1 billion, primarily because of acquisitions.
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