PATHMARK HAS TURNAROUND, LOWER SALES IN 1ST QUARTER

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

WOODBRIDGE, N.J. -- Pathmark Stores here last week reported net income and lower sales for its first quarter ended April 30.

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