COMPETITIVE OPENINGS CITED IN FARM FRESH SAME-STORE SLIP

NORFOLK, Va. -- Farm Fresh here said 17 competitive store openings over the last 12 months caused same-store sales to tumble 10% for its second quarter and 9% for the 24 weeks ended June 14. rest, taxes, depreciation and amortization of $10.3 million on sales of $161.8 million, or 6.3% of sales, compared with $10.7 million on sales of $180.0 million, or 6.0% of sales, in the year-ago quarter.For the

NORFOLK, Va. -- Farm Fresh here said 17 competitive store openings over the last 12 months caused same-store sales to tumble 10% for its second quarter and 9% for the 24 weeks ended June 14.

rest, taxes, depreciation and amortization of $10.3 million on sales of $161.8 million, or 6.3% of sales, compared with $10.7 million on sales of $180.0 million, or 6.0% of sales, in the year-ago quarter.

For the 24-week period ended June 14, Farm Fresh reported a net loss of $5.6 million,

Register to view the full article

Already a member? .

TAGS: Center Store