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  • Albertsons Inc. reported fiscal year 2003 net earnings today of $556 million, compared to $485 million in the prior year. For the fourth quarter of 2003, the company reported net earnings of $130 million, compared to $205 million in the same quarter a year ago. Albertsons estimated that the Southern California labor dispute reduced fourth quarter net earnings by approximately $90 million.

    The Company reported total sales of $8.6 billion for the quarter versus last year's fourth quarter sales of $9.1 billion. The company estimated that the Southern California labor dispute negatively impacted total sales by approximately $700 million in the fourth quarter. Fiscal 2003 total sales were $35.4 billion versus $35.6 billion in the prior year.

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