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• Safeway yesterday said that its first quarter profit was up 11 percent to $193.4 million, up from $174.4 million during the same period a year earlier. Revenue rose 7 percent to $10 billion from $9.3 billion in the year-ago period.

Reflecting a consumer trend in which people are trading down for less expensive products, CEO Steve Burd said, Safeway's own-label food sales are outpacing those of national brands.

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