Grocery stocks were mixed Thursday after
reported a 12% rise in profit that nonetheless missed Wall Street's expectations.
Safeway says net income for the fourth quarter of 2008 was $338 million, or 79 cents per share, up from $301.1 million, or 68 cents per share, from the same period a year earlier, falling two cents shy of analysts' estimates. Shares were plummeting 12.6% to $18.47 in recent trading.
Also getting sacked was
, shares of which were down 13.4% to $15.54 in recent trading.
Among other grocery stocks:
Winn Dixie was down 1.2% to $9.29.
Kroger was down 5.3% to $20.77.
Great Atlantic and Pacific Tea Co. was up 0.1% to $4.09.
Whole Foods was down 3.2% to $12.25.
Costco was down 0.7% to $41.71.
BJ's Wholesale Club was up 0.9% to $28.43.
Wal-Mart was down 1.1% to $48.67.