WOODBRIDGE, N.J. -- Pathmark Stores here last week reported net income and lower sales for its first quarter ended April 30.
8 million charge related to accounting changes.
Operating earnings declined 2.8% in the 13-week quarter to $38.9 million from $40 million.
Sales totaled $1.02 billion, a decrease of 4.9%. Pathmark attributed the decline to the exclusion of results from five supermarkets expected to be closed or sold in 1994.
Jack Futterman, chairman a