Safeway Inc. has announced a net income of $130.2 million for the third quarter of 2011 compared to $122.8 million for the same period in 2010. Third quarter Sales and Other Revenue Total Sales were $10.1 billion for 2011 compared to $9.4 billion for the same period last year. The company credits these numbers to higher fuel sales, a 1.5% increase in identical-store sales, excluding fuel, an increase in the Canadian exchange rate and the impact of reporting Blackhawk commissions on a gross basis. Steve Burd, Chairman, President and CEO of Safeway Inc. stated, "Our sales momentum continued to build in the third quarter, and our costs were well controlled." He continues, "At the same time, we continued to innovate throughout the business to meet our customers' needs and build their loyalty. Our just for U(TM) digital marketing platform and our proprietary Open Nature(TM) line of 100% natural foods are good examples of these efforts."<hr class="legacyRuler"><hr class="invisible minimal-padding">www.safeway.com<hr class="legacyRuler"><hr class="invisible minimal-padding">
