Safeway 1997 Annual Report Download - page 11

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Please find page 11 of the 1997 Safeway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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During 1997, Safeway continued to be among the
industry leaders in the following key measures of
financial performance:*
•Identical-store sales growth
•Expense ratio reduction
•Working capital management
•Operating cash flow margin
•Earnings per share growth
As a result of this performance, the value of Safeway
common stock on the New York Stock Exchange at the
close of trading in 1997 rose to $31.625 (post-split)
per share, a gain of 48% from year-end 1996.
We have achieved these results by focusing on the
three priorities detailed on the following pages.
Continued Strong Performance
8
* Based on latest available information