MONTVALE, N.J. -- A&P here said last week the closure of 90 underperforming locations resulted in a same-store sales increase of 5.3% for the first quarter ended June 19. a year earlier. Excluding one-time costs totaling $38.6 million related to Project Great Renewal and A&P's decision to exit the Atlanta market, the company said net income for ongoing operations would have declined 0.6%, to $19.1 million. Project Great Renewal includes initiatives to accelerate new-store openings ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.