Quarterly Information (Unaudited)

12 Months Ended

Dec. 29, 2012

The summarized quarterly financial data presented below reflect all adjustments, which in the opinion of management, are of a normal and recurring nature necessary to present fairly the results of operations for the periods presented. (Rounding affects some totals. In millions, except per-share amounts.)



	52 Weeks		Last 16 Weeks			Third 12 Weeks		Second 12 Weeks		First 12 Weeks
2012
Sales and other revenue	$	44,206.5	$	13,767.4		$	10,049.1	$	10,386.9	$	10,003.0
Gross profit	11,720.0		3,648.8			2,656.9		2,729.0		2,685.2
Operating profit ⁽¹⁾	1,104.1		448.8			218.3		247.2		189.8
Income before income taxes ⁽¹⁾	828.4		369.6			157.6		177.6		123.7
Income from continuing operations, net of tax ⁽¹⁾	566.2		255.0			108.0		121.7		81.6
Gain (loss) from discontinued operations, net of tax ⁽²⁾	31.9		(9.6		)	49.0		1.2		(8.6		)
Net income attributable to Safeway Inc.⁽¹⁾	596.5		244.0			157.0		122.7		72.9
Basic earnings per common share:
Continuing operations ⁽¹⁾	$	2.28	$	1.06		$	0.45	$	0.50	$	0.30
Discontinued operations ⁽²⁾	0.13		(0.04		)	0.21		0.01		(0.03		)
Total ⁽¹⁾	2.41		1.02			0.66		0.51		0.27
Diluted earnings per common share:
Continuing operations ⁽¹⁾	$	2.27	$	1.06		$	0.45	$	0.50	$	0.30
Discontinued operations ⁽²⁾	0.13		(0.04		)	0.21		0.01		(0.03		)
Total ⁽¹⁾	2.40		1.02			0.66		0.51		0.27

	52 Weeks		Last 16 Weeks			Third 12 Weeks		Second 12 Weeks		First 12 Weeks
2011
Sales and other revenue	$	43,630.2	$	13,597.6		$	10,064.3	$	10,196.4	$	9,772.0
Gross profit	11,793.7		3,632.4			2,717.2		2,753.0		2,691.1
Operating profit	1,134.6		390.1			248.3		277.0		219.2
Income before income taxes	882.1		309.7			196.3		218.9		157.2
Income from continuing operations, net of tax	518.2		216.8			130.3		146.0		25.1
Net income attributable to Safeway Inc. ⁽²⁾	516.7		215.6			130.2		145.8		25.1
Income per common share attributable to Safeway Inc. ⁽²⁾
Basic	$	1.49	$	0.67		$	0.38	$	0.42	$	0.07
Diluted	1.49		0.67			0.38		0.41		0.07


(1)	In the fourth quarter of 2012, Safeway results included a pre-tax gain from legal settlements of $46.5 million.


(2)	See Note Q, Discontinued Operations.


(3)	In the first quarter of 2011, Safeway incurred an estimated tax charge of $80.2 million as a result of the decision to repatriate $1.1 billion from Safeway's wholly-owned Canadian subsidiary.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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