Steve Burd
Steve Burd
Steven A. Burdis an American businessman. He served as Chairman, President and CEO of Safeway Inc. from October 26, 1992 to May 14, 2013. He is a member of the Republican Party...
believe current firmly reverse
While we are disappointed with our results, we firmly believe we can reverse current trends,
improving stage texas
These closings set the stage for fundamentally improving our Texas operation,
pleased
We are very pleased with our 2005 results.
allowed carrying closure couple despite environment improve improving last results sales stage stores texas
While the closure of the Texas stores results in an impairment charge, it does set the stage for fundamentally improving our Texas operations, ... The competitive environment has softened over the last couple of quarters, which has allowed us to improve our sales in that environment despite carrying these underperforming stores.
allowing chicago continue enter growth market opportunity provides
This transaction provides an outstanding opportunity for Safeway to continue on its growth path, while allowing us to enter the Chicago market for the first time.
account consistent cost earnings easter growth guidance increase number produced sales taking timing
Taking into account the timing of the New Year's and Easter holidays, our identical-store sales increase of 1.5% is consistent with our guidance of 3% for the year. We also produced double-digit earnings growth while absorbing a number of significant cost increases.
compete fact northern others technique
We use this technique more than some others we compete with and frankly, we think we use it to our competitive advantage, ... The fact that we are the only ones doing buyouts in Northern California, well frankly, we like that.
believe further progress setting stage
We believe we are setting the stage for further progress in 2006,
improvement offering resulted sales strategy
Our strategy to differentiate our offering has resulted in broad-based sales improvement.
capital continue exceed four gained lifestyle market sales share stores strongest
Our identical-store sales are the strongest they have been in over four years, ... We gained U.S. market share and our capital investments and lifestyle stores continue to exceed expectations.
buy conditions confidence continued current excellent growth high increased level market opportunity program prospects provide reflects stock
The increased authorization of our stock repurchase program reflects the board's continued high level of confidence in the growth prospects of the company, ... Current market conditions provide an excellent opportunity for us to buy back our shares.