MONTVALE, N.J. -- A&P here said that despite a "sluggish sales climate," most of its groups reported higher profits in fiscal 1997 vs. fiscal 1996. lphia and Waldbaum's in Long Island. "We have recently installed new management and implemented new marketing plans in both groups, which we expect will improve results in 1998," Wood said. Earnings for the 13-week fourth quarter ended Feb. 28 were $13.4 million, or 35 cents per share, compared with $23.1 million, or 60 cents per share, ...

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