HOMELAND EXPECTS PROGRESS DESPITE SAME-STORE DECLINE

OKLAHOMA CITY -- Homeland Holding Corp. here said results for the first quarter ended March 22 reflect progress toward the company's goal of increasing unit sales. ined 3.7% to $5.5 million.The company said it had a net loss of $2.4 million for the quarter; however, excluding amortization of excess reorganization value, net income was down 27.5% to $871,000.According to David B. Clark, president and

OKLAHOMA CITY -- Homeland Holding Corp. here said results for the first quarter ended March 22 reflect progress toward the company's goal of increasing unit sales.

ined 3.7% to $5.5 million.

The company said it had a net loss of $2.4 million for the quarter; however, excluding amortization of excess reorganization value, net income was down 27.5% to $871,000.

According to David B. Clark, president and chief executive officer, "Although same-store sales for the quarte

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