The company said it sees earnings excluding items of 24 cents to 34 cents a share for its fiscal year ending in May with same-restaurant sales projected between flat and up 2%.
Analysts are calling for earnings of 28 cents a share.
Safeway (SWY) is expected by analysts Thursday to post a third quarter profit of 42 cents a share in the September-ended period on revenue of $10.24 billion.
Other companies slated to report on Thursday include Emmis Communications (EMMS), J.B. Hunt Transport Services (JBHT), Fastenal (FAST), Sycamore Networks (SCMR), Winnebago Industries (WGO) and Zep (ZEP).
-- Written by Joseph Woelfel
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