28 Jul 2010 —
A&P First-Quarter Results Announced
A&P announced a 7.2% sales decrease for the first 16 weeks to 19 June 2010, down to USD 2.6 billion from USD 2.8 billion last year.
- Net loss increased by 88% to USD 112.6 million, compared to a net loss of USD 56.1 million in the previous year.
- EBITDA was USD 19 million, compared to USD 81 million for last fiscal year’s Q1.
- A&P currently operates 429 stores in the US.