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Week of Mon, Feb 18th, 2013

Fourth quarter sales, profits beat expectations at Safeway

Fourth quarter net profit rose 13.2% to $244 million, or $1.02 per share, at Safeway Inc. as sales gained 1.2% to $13.77 billion. The bottom line for the 2012 fiscal year grew 15.4% to $596.5 million on a 1.3% rise in sales to $44.21 billion.

Walmart fourth quarter profit up, sales outlook wary

Walmart posted a 7.9% increase in net profit from continuing operations to $5.61 billion for the final quarter of fiscal 2013.

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