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More on Safeway's (SWY) Q2 results from continuing operations (i.e. not Canada Safeway Limited):...

More on Safeway's (SWY) Q2 results from continuing operations (i.e. not Canada Safeway Limited): Revenue falls 1.6% to $8.7B during the period on lower fuel sales; comps ex-fuel rise 1.2% in Q2. Gross profit margin rises 29 basis points Y/Y although excluding fuel, margins contracted 3 basis points. FY13 guidance: $1.02-1.12/ share from continuing operations which, after adjustments for Canada Safeway Limited, the Blackhawk IPO, and other items, works out to be in the "lower end of previously provided guidance of $2.25-2.45." Shares -0.61% premarket. (PR)
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