Von's owner beats profit expectations

Safeway Inc., owner of Von's supermarkets in Las Vegas, today reported a second quarter profit of $280.9 million or 55 cents per share vs. $236.4 million or 46 cents in the year-ago quarter.

Today's results beat analyst expectations of 53 cents per share and Safeway stock rose 2 15/16 this morning.

Second-quarter 2000 comparable-store sales increased 4.9 percent. Sales jumped 17 percent to $7.4 billion.

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