SWY Safeway Inc. featured news, full reports, and detailed charts
Safeway Inc. (SWY) Wrap Up:
Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company operates stores that provide an array of grocery items, food, and general merchandise, as well as features specialty departments, such as bakery, delicatessen, floral, and pharmacy, as well as coffee shops and fuel centers. It also offers SELECT line of products that include salsas, bagged salads, whole bean coffees, cookies, frozen pizzas, fresh and frozen pastas, and an array of ice creams and hors d?oeuvres; O ORGANICS line, which comprises milk, chicken, salads, juices, and entrees; Eating Right line of better-for-you products; Bright Green line of home care products; Priority Total Pet Care line of pet foods and pet care products; Basic Red value-priced paper goods; and Lucerne line of dairy products and the Primo Taglio line of meats and cheeses. As of January 3, 2009, Safeway operated approximately 1,739 stores in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area, and the Mid-Atlantic region, as well as British Columbia, Alberta, and Manitoba/Saskatchewan. It also owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel, doing business under the names Safeway.com, Vons.com, and Genuardis.com; and Blackhawk Network Holdings, Inc., which provides third-party gift cards, prepaid cards, telecom cards, and sports and entertainment cards to North American retailers for sale to retail customers, as well as engages in gift card businesses in the United Kingdom and Australia. In addition, the company, through its 49% ownership interest in Casa Ley, S.A. de C.V., operates 146 food and general merchandise stores in western Mexico. The company was formerly known as Safeway Stores, Incorporated and changed its name to Safeway, Inc. in February 1990. Safeway was founded in 1915 and is based in Pleasanton, California.Safeway Inc. (SWY:NYSE)
Snapshot of Safeway Inc. (SWY)
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OPEN
$22.49
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PREVIOUS CLOSE
$22.50
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DAY HIGH
$22.83
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DAY LOW
$22.39
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52 WEEK HIGH
12/8/08 - $24.32
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52 WEEK LOW
03/9/09 - $17.19
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MARKET CAP
9.2B
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AVERAGE VOLUME 3 mo
4.8M
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DILUTED EPS TTM
$2.00
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SHARES OUTSTANDING
406.4M
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EX-DATE
09/22/09
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P/E TTM
11.3x
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DIVIDEND
$0.40
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DIVIDEND YIELD
1.77%
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| K = Thousands M = Millions B = Billions | |||
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SWY Top Compensated Officers
Executives, Board Directors
Key developments for Safeway Inc. (SWY)
Fry's Food Stores of Arizona Inc. and Safeway Inc. have entered into a mutual strike assistance and lockout agreement that provides for certain defensive measures in the event that the United Food and Commercial Workers Local 99 calls a strike against one of the grocery companies. The grocers are currently engaged in labor negotiations with UFCW Local 99. The current labor contract expired last year, and a recent extension expired on October 31. Associates at Fry's have been working without a contract. The agreement does not preclude either Fry's or Safeway from independently entering into a settlement with UFCW Local 99.
Safeway Inc. announced that about 300 workers agreed to extend a labor contract through mid-November after last-minute negotiations with corporate officials Saturday failed to reach an agreement. Employees represented by the Albuquerque-based United Food and Commercial Workers Union claim Safeway officials since 2001 have demanded continued cuts to employee pay rates and benefits packages to help reduce costs. Following ongoing requests to reduce operating expenses, local employees opted to attempt to negotiate a new labor contract. The established labor contract between Safeway and about 350 employees at its four New Mexico stores, located in Farmington, Aztec and Gallup, was set to expire Nov. 1. Union leaders and corporate officials met in Farmington for six days last week, but little consensus was reached despite the last-minute effort.
The American Library Association (ALA) is working with Safeway Inc., on a roll-out of the first two of five Safeway-brand cereal boxes with back-panel content about libraries and librarians. The boxes will launch this October and will be available at Safeway's 1,500 stores across the nation. The first boxes to feature the library-related content are Toasted Oats and Honey Nut Toasted Oats. There will be a staggered launch for the rest of the panels. The panels focus on five content areas: Get rich @ your library lists free resources available at libraries and encourages readers to add up how much they save by using the library's resources; Learn for a lifetime @ your library features the ways that school and public libraries encourage lifelong learning; Great mysteries answered @ your library contains fun facts about libraries, including the number of questions answered weekly by reference librarians at nation's academic and public libraries; Discover the world @ your library positions a library card as a passport to the world; and Discover your family tree @ your library encourages readers to go to the library to research their family tree.
SWY Competitors
| Company | Last | Change |
| Ahold Kon | €8.98 EUR | +0.006 |
| Publix Super Markets Inc | $105.00 USD | 0.00 |
| SUPERVALU Inc | $14.94 USD | -0.19 |
| Target Corporation | $47.46 USD | -0.44 |
| Walgreens | $38.97 USD | -0.06 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SWY | Industry Range |
| Price/Earnings | 11.3x |
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| Price/Sales | 0.2x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 10.8x |
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| TEV/Sales | 0.1x |
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SWY |
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SWY transactions
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| No transactions in the last 6 months. | ||
More Recent News About Safeway Inc.
More news for SWY
Arizona grocery strike averted with tentative deal
PHOENIX (AP) -- Thousands of Arizona supermarket workers won't go on strike as they planned Friday night after union leaders and two grocery chains announced a tentative labor deal 12 hours before the protest was to begin. Union members will vote on an unspecified date to decide whether to ratify the deal reached late Thursday. Labor leaders were recommending that members approve it.Until then, the union, Safeway Inc. and The Kroger Co., which owns Fry's and Smith's, agreed to extend the previous contract.No details of the deal were released publicly.Ellen Anreder, spokeswoman for Food and Commercial Workers union Local 99, said the union has agreed not to reveal the contents of the deal until its members can vote on it. "We have to give the members an opportunity to review everything first," Anreder said.A statement released by the union and the stores says there will be no work stoppage and that all stores will continue to operate normally."It's great that we got our own people in our stores during the ratification process. You'll see the same friendly faces that you're accustomed to," said Fry's spokeswoman Meghan Glynn.Cathy Kloos, a spokeswoman for Pleasanton, Calif.-based Safeway, said, "I believe our employees are relieved that a strike has been averted."After negotiating with the companies for more than a year, the union had threatened to strike if no deal was reached by 6 p.m. Friday.The biggest sticking point was a health care fee for new employees. Depending on how many family members are covered, the $5-$15 weekly fee would amount to nearly $800 a year for some workers.The union said members also wanted a pay increase, as some employees -- earning an average of $15,000 to $20,000 a year -- hadn't gotten a raise in nine years.The chains had prepared for a strike. Safeway, ...Click here to read the whole Article (external link)
Safeway, CVS team to create reusable bags for D.C.
Safeway Inc. and CVS Caremark Corp. have announced a partnership with D.C. to provide reusable bags to the city as part of a campaign to get residents to stop using disposable plastic and paper bags. This summer D.C. created a new 5-cent disposable bag fee — that starts Jan. 1 — aimed at keeping trash out of the city’s waterways, such as the Anacostia River. Before the new law goes into effect, the D.C. Department of the Environment will distribute at least 122,000 free, reusable bags to D.C. residents. The city is producing 100,000 beige and blue bags with the slogan “Skip the Bag, Save the River” printed on them. CVS is producing 12,000 similar bags with the chain’s logo on the flip side while Safeway will produce 10,000 bags of unknown design. The city is planning an advertising campaign to promote the reusable bags, which it will finance using the fees it collects. About $3.6 million in tax revenue is expected in the program’s first year. Mayor Adrian Fenty and Councilman Tommy Wells, D-Ward 6, held a Nov. 16 press conference with the retailers to announce the partnership. “Our message is simple: the bag fee is coming,” Fenty said in a press release. “I signed this law to cut down on the disposable bags that foul our waterways. But we want everyone to know that you can save the river, and 5 cents, if you bring your own reusable bag to the store instead.” Wells said the program “will bring the District of Columbia to the front of the line in addressing pollution caused by disposable bags and takes much needed action to clean the Anacostia River.” CVS is also distributing “Green Bag Tag” cards that ...Click here to read the whole Article (external link)
Goodbye, grocery store price tags
(Fortune Small Business) -- In 2001, Sunit Saxena made a midnight run to the grocery store for wonton wrappers. When he couldn't find any, he went looking for a clerk. The aisles were empty. He discovered the workers holed up in a back room tearing price tags off merchandise to reprice it for the next day. "I asked how many they had to do. They said, 'Don't ask,'" he recalls. "I said, 'This is nuts. Technology can automate this stuff.'" The Idea: In 2002, Saxena quit his job as COO of a microprocessor firm and launched a new endeavor: Altierre. The San Jose-based company makes computerized shelf labels that let grocers change prices over a wireless network, saving time and paper. Of the three largest U.S. grocery chains -- Kroger (KR, Fortune 500), Safeway (SWY, Fortune 500) and Wal-Mart (WMT, Fortune 500) -- two are now testing the labels, says Saxena, 50. The Risk: The biggest challenge, says Denver retail consultant Jon Schallert, could be having the nation's largest grocers as customers. Small businesses that put all of their resources into one basket often become overleveraged or find that their clients want to renegotiate once the equipment is installed. The Reward: Digitizing labels saves money without changing consumer behavior. For that reason, Schallert says, "it seems lik...Click here to read the whole Article (external link)
Colo. workers to vote on Safeway/Kroger contract
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
Colo. grocery workers set to vote on final offer
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Safeway, King Soopers make final contract offer
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
