FOSTER CITY, Calif. -- Webvan Group here saw its stock plunge to new lows late last week following the company's announcement that quarterly losses had accelerated and that it had missed long-promised goals of profitability at its Oakland warehouse. Webvan's stock was down 22% to $1.22 per share Thursday afternoon. Webvan said it lost $120.2 million, or 26 cents per share, on sales of $87.4 million in its fiscal third quarter ended Sept. 30. Webvan reported the figures on a pro forma basis ...
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.