EAGLE SAYS EXPENSES HURT NET

MILAN, Ill. -- Eagle Food Centers here said higher expense levels caused reduced operating margins, resulting in a $4.5 million net loss for the first quarter ended April 29.That compared to a $361,000 net loss the previous year, which included $1.1 million of non-recurring expenses, primarily due to start-up costs of its targeted marketing program.Net sales for the quarter decreased 1.8% to $245.5

MILAN, Ill. -- Eagle Food Centers here said higher expense levels caused reduced operating margins, resulting in a $4.5 million net loss for the first quarter ended April 29.

That compared to a $361,000 net loss the previous year, which included $1.1 million of non-recurring expenses, primarily due to start-up costs of its targeted marketing program.

Net sales for the quarter decreased 1.8% to $245.5 million from $250.1 million. Same-store sales dropped 0.8% for the quarter.

Register to view the full article

test - Advanced Registered User

Already a member? .