WILLIAMSVILLE, N.Y. — Tops Holding Corp. here said third-quarter same-store sales and overall profits were down vs. year-ago results, due in part to the conversion of some drugs to generic equivalents and a one-time labor-cost benefit in the 2011 period.
The company, which is parent of the 150-store Tops Friendly Markets chain in New York, Pennsylvania and Vermont, posted net income of $4.7 million for the 12-week period that ended Oct. 6, down about 27% from the year-ago third ...
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