MOBILE, Ala. -- Delchamps here said sales fell more than 6% and merger costs resulted in an earnings loss for the first quarter ended Sept. 27.
lowing a tender offer. The deal is expected to close within 30 days, as Jitney seeks to buy up the remaining Delchamps stock.
For the 13-week quarter, sales fell 6.1% to $272 million and same-store sales declined 6.3%.
The company said it had a net loss for the quarter of $1.03 million, which included a charge of $3.5 million for merger expenses. Excluding those expenses, net earnings rose to $2.5 million, compared with $204,000 a year ago.
