SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
JUNE 12, 2002
SAFEWAY INC.
(Exact name of registrant as specified in its charter)
Delaware 1-00041 94-3019135
(State or other jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
5918 STONERIDGE MALL ROAD
PLEASANTON, CALIFORNIA 94588-3229
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (925) 467-3000
N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events
On June 12, 2002, Safeway Inc. ("Safeway" or the "Company") issued a
press release and held a webcast Second Quarter Guidance Conference Call. The
press release is attached to this Form 8-K as Exhibit 99 and incorporated
herein by reference.
During the Conference Call, Steve Burd, Safeway's Chairman, President
and CEO, stated that the Company's same store sales estimate for the second
quarter of 2002 is in the range of negative 1.1%. In addition, he provided
earnings guidance for the third quarter of 2002 of $0.60 to $0.62 per share and
for the fourth quarter of 2002 of $0.86 to $0.88 per share.
This Report on Form 8-K contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Such statements relate to, among other
things, same store sales, earnings estimates, capital expenditures, operating
improvements, cost reductions, gross margin improvements, cash flow, shrink
reduction efforts, centralization of operations, one-time charges, debt
reductions, share repurchases and are indicated by words or phrases such as
"comfortable," "continuing," "on-going," "expects," "plans," and similar words
or phases. These statements are based on Safeway's current plans and
expectations and involve risks and uncertainties which are, in many instances,
beyond our control, including general business and economic conditions,
competitive factors, results of our programs to reduce costs, increase sales
and improve capital management, achieve operating improvements in companies
that we acquire, labor costs, unanticipated events or changes in future
operating results, financial condition or business over time, or unfavorable
legislative, regulatory or judicial developments, that could cause actual
events and results to vary significantly from those included in or
contemplated by such statements. The Company undertakes no obligation to
update forward-looking statements to reflect developments or information
obtained after the date hereof and disclaims any obligation to do so. Please
refer to Safeway's other reports and filings with the Securities and Exchange
Commission for a further discussion of these risks and uncertainties.
Item 7. Financial Statements and Exhibits
Exhibit
Number Description
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99 Press Release dated June 12, 2002
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SAFEWAY INC.
Date: June 12, 2002 By: /s/ Robert A. Gordon
Name: Robert A. Gordon
Title:Senior Vice President and
General Counsel