- Safeway Inc. reported that second quarter sales increased 4.7 percent to $8.8 billion from $8.4 billion a year ago, with same-store sales up 3.3 percent. However, second quarter profit was down 13.7 percent to $134 million, compared to $155.2 million during the same period a year ago.
- 7-Eleven Inc. reported second quarter earnings of $57.2 million, up from $47 million during the same period a year ago. Q2 revenue rose nine percent to $3.43 billion from $3.14 billion, with higher gas prices contributing to the sales increase.
- Amazon.com reported that its second quarter revenue was up 26 percent to $1.75 billion, from $1.39 billion during the same period a year ago. Second quarter net income totaled $52 million, compared with $76 million in the year-earlier period, though second quarter profit was down 32 percent because of an income tax expense. Excluding the tax expense, the company would have reported $108 million in profit.
Amazon said 28 percent of its unit sales in the second quarter came from independent merchants, up from 24 percent a year ago.