Thursday, February 21, 2013 11:08 am
News Summary: Safeway 4Q profit jumps 13 percent
By The Associated Press
THE CONTEXT: Results beat expectations and shares rose. The Pleasanton, Calif.-based grocer said its "Just for U" customer loyalty program, which offers personalized discounts based on past purchases, is driving market share gains and profits.
WHAT'S NEXT: Safeway will give financial guidance on March 6.