KASH N' KARRY TURNS PROFIT BUT SALES SLIDE

TAMPA, Fla. -- Kash n' Karry Food Stores here said a restructuring that allowed it to emerge from Chapter 11 bankruptcy protection in December helped improve its earnings picture but hurt sales for the third quarter and 39 weeks ended April 30.The company reported net income of $2.7 million for the quarter, compared with a loss of $2.8 million for the same period last year. The chain attributed the

TAMPA, Fla. -- Kash n' Karry Food Stores here said a restructuring that allowed it to emerge from Chapter 11 bankruptcy protection in December helped improve its earnings picture but hurt sales for the third quarter and 39 weeks ended April 30.

The company reported net income of $2.7 million for the quarter, compared with a loss of $2.8 million for the same period last year. The chain attributed the turnaround to increased operating cash flow and reduced interest expense following the

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