- Safeway Inc. posted net income of $162.6 million for its fiscal first quarter ended March 22, compared with a net loss of $367.9 million a year earlier. Sales for the period rose 2.4 percent to $7.54 billion from $7.37 billion, mainly because of new store openings. Same-store sales were flat.
- Starbucks Corp. posted April same store sales that were up seven percent over a year ago. The coffee retailer reported net revenues of $307 million for the four weeks ended April 27, a 22-percent increase from the same period a year earlier.
Starbucks said it opened 68 new stores in April, bringing its total to 6,526, including 4,994 in North America and 1,532 elsewhere around the globe.