MONTVALE, N.J. -- Strong rebounds in Canada and Michigan contributed to a 50% first-quarter surge in net income for A&P, representing another sign of continued profit recovery in several of its operating groups.
Noting the quarter's performance followed a strong second half, James Wood, chairman and chief executive officer, said in a conference call with analysts, "This year our ambitious targets should be met."
He outlined the status of A&P divisions and planned expenditures, ...
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