A&P POSTS LOSS, SEES TRENDS IMPROVING

MONTVALE, N.J. -- A&P continued to tally losses in the first quarter as it faced competitive pricing pressures and invested in the conversion of stores to the Food Basics format.Sales trended positive for the period, however, led by the company's Canadian operations. Comparable-store sales in the 16-week period ended June 19 were up 1% over year-ago levels, including a 2.7% gain in Canada and a 0.5%

MONTVALE, N.J. -- A&P continued to tally losses in the first quarter as it faced competitive pricing pressures and invested in the conversion of stores to the Food Basics format.

Sales trended positive for the period, however, led by the company's Canadian operations. Comparable-store sales in the 16-week period ended June 19 were up 1% over year-ago levels, including a 2.7% gain in Canada and a 0.5% gain in the United States.

"Although our results for the first quarter re

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