A&P Adjusts Pathmark’s 2007 Results
Jun 24, 2008 6:00 AM
MONTVALE, N.J. — A&P here yesterday released a summary of year-ago financial results from Pathmark Stores, adjusted to conform with A&P’s financial calendar and to conform with A&P accounting practices. The company, which completed the acquisition of Pathmark in December 2007, said the release was made in response to shareholder inquiries concerning the effect of the acquisition on Pathmark’s year-ago results. The adjustments added $230.3 million to Pathmark’s 2007 first-quarter sales, and reduced Q2 and Q3 sales by $76.8 million and $74.6 million, respectively. Adjusted operating losses at Pathmark totaled $1.2 million, $5.7 million and $4.5 million for the first, second and third quarters, respectively, reflecting changes in depreciation accounting and other non-operating items.
Read More of Today's Headlines
Want to use this article? Click here for options!
© 2009 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
In This Week's Viewpoints
David Orgel:
Updating the Advice on How to Battle Wal-Mart
Christina Veiders:
Wal-Mart Defies Critics, Wins Health Care Support
advertisement

















