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SWY » Topics » NOTE K-GAIN ON SALE OF PROPERTY AND STORE LEASE EXIT COSTS

This excerpt taken from the SWY 10-Q filed Jul 23, 2007.

NOTE K–GAIN ON SALE OF PROPERTY AND STORE LEASE EXIT COSTS

Operating and administrative expense in the second quarter of 2007 included $5.8 million in net property gains primarily related to a $46.0 million gain on the sale of a Bellevue, Washington distribution center partially offset by $30.3 million in store lease exit costs related to the previously announced closures of underperforming Dominick’s stores.

 

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Table of Contents

SAFEWAY INC. AND SUBSIDIARIES

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
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