Safeway's own website says their conference call Thursday is 5pm EST. It's usually been at 11am EST. An article in the STREET today said BEFORE the bell but the timing of this conference call seems to indicate to me after the bell. Hmmmmmmm? I guess we will find out Thursday, should be interesting. JMO
Safeway is trimming help in the stores again, most likely to put a good spin on earnings going forward, A better solution, now that Canada will have earnings separated from continuing operations, start cutting the bloated backstage help. The stores are dealing with more paperwork from backstage......... than product that is sold!
I hope these labor cuts in the stores are temporary for the next few weeks since high time for the grocery business is soon and usually Safeway adds labor during November and December and keeps the stores looking better than they do most of the year.
Maybe there will be more, uh, news, on Thursday. It will be interesting to see if the more, uh, news, if there is any of course, leaks out before they report earnings.
It looks like releasing earnings after market close and doing a call late afternoon will be what they do going forward. I don't think it has anything to do with current period earnings it looks like a simple shift in times to me. Maybe it costs less or something.