GRAND UNION EXPECTS A STRONG FISCAL YEAR 2000

WAYNE, N.J. -- Grand Union Co. here said last week its operating performance in the 53-week year and 13-week fourth quarter ended April 3 has set the stage for a stronger operation in fiscal 2000 and beyond.es dropped 0.4% for the year, while net income was $114.4 million after an extraordinary item of $259 million related to extinguishment of debt in the company's reorganization.For the fourth quarter

WAYNE, N.J. -- Grand Union Co. here said last week its operating performance in the 53-week year and 13-week fourth quarter ended April 3 has set the stage for a stronger operation in fiscal 2000 and beyond.

es dropped 0.4% for the year, while net income was $114.4 million after an extraordinary item of $259 million related to extinguishment of debt in the company's reorganization.

For the fourth quarter operating cash flow rose 41% to $30.1 million, or 5.5% of sales, up from

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