Safeway to Hold Conference to Discuss Optimistic Guidance (SWY)

Safeway to Hold Conference to Discuss Optimistic Guidance (SWY)

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Safeway Inc.(SWY) will hold a conference on Wednesday to give investors and analysts guidance on its financial performance and outlook.

The company will hold a conference today for investors and analysts which will begin at 11:00 AM (EST). During the conference, SWY will discuss its recent performance and give 2013 guidance.

For FY2013, the company expects to see diluted EPS between $2.25 and $2.45. Analysts are currently expecting to see $2.24 per share. Sales growth, excluding fuel is expected to be in the range of 2% and 3%, while operating profit margin change, excluding fuel is estimated to be up to 10 basis points. Capital expenditures are expected to be about $1 billion to $1.11, and free cash flow is estimated to be in the range of $.85 billion and $.95 billion.

The company’s CEO, Steve Burd commented, “we made progress in 2012 on a number of initiatives, which we believe helped achieve market share gains and positive volume in the U.S. As we move forward, just for U”, fuel partnerships with Chevron and ExxonMobil, innovation in-store and in private label, as well as growth in Blackhawk and PDC should drive continued positive momentum.”

Safeway shares were down 23 cents, or -0.95% during Wednesday morning trading. The stock has increased 15% in the past year.

The Bottom Line
Shares of Safeway Inc.(SWY) have a 2.92% yield, based on Wednesday morning’s price of $23.94.

Safeway Inc.(SWY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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