WOODBRIDGE, N.J. -- Pathmark Stores here reported that earnings increased but sales dropped in the second quarter ended July 29. Net income soared 303.2% to $37.5 million for the quarter. Income increased 277.3% to $41.5 million for the six months. For 13 weeks, sales for the 142-store chain dropped 1% to $1.02 billion. For the 26 weeks, sales decreased 0.5% to $2.05 billion. Same-store sales dropped 1.2% for the quarter and 0.2% for the half. Quarterly earnings were affected by a pretax ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.