Penn Traffic Co., Syracuse, N.Y., said sales increased 10.3% to $947.8 million during the fourth quarter ended Feb. 3. Sales for the year increased 6% to $3.5 billion. Same-store sales decreased 0.9% for the quarter and 0.6% for the year. The company recorded a quarterly net loss of $27.7 million compared with net income of $8.1 million in the prior year and an annual net loss of $79.6 million compared with net income of $13.2 million. The losses were partially due to a change in accounting ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.