MONTVALE, N.J. -- Ambitious restructuring efforts throughout fiscal 1999 resulted in net profits and strong comparable-store sales for A&P here, Christian Haub, president and chief executive officer for A&P, said last week.
lion loss in 1998. Excluding restructuring charges from both years, 1999 income was $74 million, up 44% from $51.3 million.
For the quarter, earnings per share excluding special items were 51 cents, exceeding First Call/Thompson Financial estimates by a penny, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
Click here to read the FAQ page if you have any questions (opens in a new window)
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.