The company said that it is in ongoing discussions regarding a possible sale, though it warned the talks may not result in a deal. Safeway postponed its annual investor conference scheduled for March because of the ongoing discussions.
Safeway reported fourth-quarter earnings on Wednesday of 53 cents a share; analysts surveyed by Thomson Reuters expected earnings of 48 cents a share.
Must read: Safeway Considering Sale as Activists LoomSWY data by YCharts
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