SAFEWAY INC | 2013 | FY | 3

Quarterly Information (Unaudited)
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 (2)
Third 12 Weeks
Second 12 Weeks
First 12 Weeks
2013
 
 
 
 
 
Sales and other revenue
$
36,139.1

$
11,306.1

$
8,293.6

$
8,362.5

$
8,176.8

Gross profit
9,494.0

2,998.3

2,138.0

2,191.3

2,166.2

Operating profit
635.4

284.5

91.6

144.8

114.4

Income before income taxes
336.0

148.4

33.6

97.4

56.6

Income from continuing operations, net of tax
246.3

100.0

24.8

61.7

59.8

Income (loss) from discontinued operations, net of tax (1)
3,275.9

3,228.2

41.6

(52.9
)
59.1

Net income attributable to Safeway Inc.
3,507.5

3,314.4

65.8

8.4

118.9

Basic earnings per common share:
 
 
 
 
 
Continuing operations
$
0.96

$
0.35

$
0.10

$
0.25

$
0.25

Discontinued operations (1)
13.57

13.30

0.17

(0.22
)
0.25

Total
14.53

13.65

0.27

0.03

0.50

Diluted earnings per common share:
 
 
 
 
 
Continuing operations
$
0.95

$
0.35

$
0.10

$
0.25

$
0.25

Discontinued operations (1)
13.43

13.11

0.17

(0.22
)
0.24

Total (1)
14.38

13.46

0.27

0.03

0.49

 
 
 
 
 
 
  
52 Weeks
Last 16 Weeks (3)
Third 12 Weeks
Second 12 Weeks
First 12 Weeks
2012
 
 
 
 
 
Sales and other revenue
$
36,068.3

$11,220.8
$
8,196.8

$
8,489.2

$
8,161.4

Gross profit
9,462.4

2,952.8

2,142.5

2,196.9

2,170.2

Operating profit
709.3

324.4

123.5

144.0

117.4

Income before income taxes
436.4

246.2

63.2

74.9

52.1

Income from continuing operations, net of tax
294.6

170.7

41.5

48.8

33.7

Income from discontinued operations, net of tax (1)
303.5

74.7

115.5

74.1

39.3

Net income attributable to Safeway Inc.
596.5

245.4

157.0

122.7

72.9

Basic earnings per common share:
 
 
 
 
 
Continuing operations
$
1.18

$
0.71

$
0.17

$
0.20

$
0.12

Discontinued operations (1)
1.23

0.31

0.49

0.31

0.15

Total
2.41

1.02

0.66

0.51

0.27

Diluted earnings per common share:
 
 
 
 
 
Continuing operations
$
1.18

$
0.71

$
0.17

$
0.20

$
0.12

Discontinued operations (1)
1.22

0.31

0.49

0.31

0.15

Total
2.40

1.02

0.66

0.51

0.27

(1) 
See Note B, Discontinued Operations.
(2) 
In the fourth quarter of 2013, the Company recorded a loss on foreign currency translation of $57.4 million and an impairment of notes receivable of $30.0 million. Also the fourth quarter of 2013 included a tax expense of $19.8 million related to the Blackhawk IPO that should have been recorded in the second quarter of 2013.
(3) 
In the fourth quarter of 2012, Safeway results included a pre-tax gain from legal settlements of $46.5 million.

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