FLORIDA, N.Y. -- Big V Supermarkets here said the addition of five acquired stores resulted in record sales and operating cash flow for the year and fourth quarter ended Dec. 25.
n, excluding an $8.5 million restructuring charge for store and corporate overhead and a $900,000 non-cash charge associated with a required accounting change. EBITDA after the charges fell 15.7% to $35.4 million.
For the 12-week quarter sales increased 12% to $220 million and same-store sales were up 3.3%, while EBITDA rose 17.8% to $10.6 million.
The company said filing of its year-end results was delayed while it worked out balance-sheet issues following its acquisition of ShopRite of Pennington, Trenton, N.J., last November.
