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  • Safeway Inc. today reported net income of $159.2 million for the third quarter ended September 11, 2004, compared to $202.5 million for the third quarter of 2003. Total sales remained flat at $8.3 billion in the third quarter.

    The company blamed the performance on the continuing impact of the Southern California labor strike/lockout.

  • The Great Atlantic & Pacific Tea Co. (A&P) posted a second-quarter loss of $64.2 million, down from $83.7 million during the same period a year ago.

    Sales for the period rose one percent to $2.49 billion from $2.46 billion, the Montvale-based company said in a statement.

  • McDonald's Corp. reported third quarter net earnings of $778 million, up 38 percent from $547 million for the same quarter in 2003.

    Revenues were up 9 percent to $4.9 billion from $4.5 billion a year earlier.

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