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Safeway (SWY)
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SWY » Topics » Reclassification

This excerpt taken from the SWY 8-K filed Feb 24, 2005.

Reclassification

 

Historically, Safeway has classified certain minor revenue items such as partner gift card and vending machine income as a reduction of costs and expenses. As the value of these items has grown, the company has determined that they are more appropriately classified as other revenue.

 

These reclassifications have had no effect on operating profit or net income and very little effect on comparable store sales. Table 4 presents those reclassifications to the 2004 and 2003 income statements.

 

"Reclassification" elsewhere:

Mondelez International, Inc. (KFT)
Susser Holdings (SUSS)
ULTRAPAR HOLDINGS INC (UGP)
Tyson Foods (TSN)
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