A&P EARNINGS FALL BELOW EXPECTATIONS

MONTVALE, N.J. -- A&P here said last week earnings per share will fall well below analysts' expectations for the first quarter ended June 17 because of a general slowdown in consumer spending and lower sales results in two groups of acquired stores.will be approximately 15 cents, compared with a loss of 51 cents for last year's first quarter.Christian Haub, president and chief executive officer, said

MONTVALE, N.J. -- A&P here said last week earnings per share will fall well below analysts' expectations for the first quarter ended June 17 because of a general slowdown in consumer spending and lower sales results in two groups of acquired stores.

will be approximately 15 cents, compared with a loss of 51 cents for last year's first quarter.

Christian Haub, president and chief executive officer, said greater interest expense contributed to the drop in earnings, along w

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