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Show Safeway Store Chiefs Report on Sales Gains Robert A. Magowan, board chairman, and Milton L. Seloy, prsident of Safeway Store, Incorporated Incor-porated In their annual report for 1955, released today, included a comparative breakdown of net earnings of the company for the last 16 weeks of 1955 and 1954. Magowan and Seloy took over the leadership of the company following a special stockholders meeting Oct. 3, 1955. The report showed that, after dividends on the preferred stock, consolidated net earnings for the last 16 weeks of 1955 were $5,-0274250 $5,-0274250 or $1.44 per share on the average number of shares of common stock outstanding dur-ing dur-ing the period compared with net earnings for the same 16-week 16-week period in 1954 of $3,203,180 or 92 cents per share. Total aggregate net sales of Safewav and all subsidiaries dur-ing dur-ing 1955 of $1,932,243,202, the greatest In the company's his-story, his-story, were reported to stockholders stockhol-ders The year 1955 was again an Impressive one from the standpoint stand-point of the company's construe-tlon construe-tlon program," stated the report. "During the year the company completed 104 new retail locations, loca-tions, 89 in the United States' and Canada." |