A&P CITES GAINS FROM STRATEGY INITIATIVES

MONTVALE, N.J. -- A&P here said last it is beginning to see positive results from the series of strategic initiatives management has made over the last two years."We've begun to achieve traction on our [supply and business process] initiatives, but we must still work hard to achieve our goals," said Christian Haub, chairman, president and chief executive officer.. Without a significant downturn in

MONTVALE, N.J. -- A&P here said last it is beginning to see positive results from the series of strategic initiatives management has made over the last two years.

"We've begun to achieve traction on our [supply and business process] initiatives, but we must still work hard to achieve our goals," said Christian Haub, chairman, president and chief executive officer.. Without a significant downturn in consumer spending, we expect to reach a break-even point on earnings this year."

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