Chains’ owners post gains

Thursday, April 19, 2001 | 10:54 a.m.

Two big grocery store operators in Las Vegas reported higher profits.

Safeway Inc., Pleasanton, Calif., owner of Vons stores in Las Vegas, said its first quarter profit rose 17 percent. Safeway reported net income of $283.9 million or 55 cents a share, matching analysts' estimates.

And Kroger Co. of Cincinnati the nation's largest supermarket operator, said its fourth-quarter earnings increased 58 percent from a year ago, matching Wall Street expectations.

The company earned $367.9 million, or 44 cents a share, during the three months that ended Feb. 3.

Kroger operates in Las Vegas as Smith's Food & Drug Centers and Pricerite Grocery Warehouses.

archive