GRAND UNION CO. HOPING FOR 5.5% MARGINS

WAYNE, N.J. -- Grand Union Co. here hopes to achieve operating cash flow margins of 5.5% by this year's fourth quarter and 6% by the end of fiscal 1999, J. Wayne Harris, chairman and chief executive officer, said last week.In reporting financial results for the second quarter ended Oct. 11, the company said operating cash flow margins -- earnings before interest, depreciation, amortization and last-in,

WAYNE, N.J. -- Grand Union Co. here hopes to achieve operating cash flow margins of 5.5% by this year's fourth quarter and 6% by the end of fiscal 1999, J. Wayne Harris, chairman and chief executive officer, said last week.

In reporting financial results for the second quarter ended Oct. 11, the company said operating cash flow margins -- earnings before interest, depreciation, amortization and last-in, first-out provisions -- were 2.7% for the quarter and 1.9% for the first half.

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