MESA, Ariz. -- Megafoods Stores here reported a loss, positive cash flow and increased sales for the first quarter ended April 2. The loss amounted to $2.8 million, compared with net income of $1.1 million a year ago. The loss includes depreciation of $3.1 million and interest charges of $2.6 million.
ed its gross margins from 12% to 13% to 24% to 25% without losing sales, noted Dean Miller, chief executive officer. Megafoods expects to launch a major promotional effort in San Antonio