PENN TRAFFIC IS OPTIMISTIC ON POST-RESTRUCTURING FLOW

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it believes it is well positioned to achieve positive same-store sales and solid operating cash flow in fiscal 2001 following release of results for the year and fourth quarter ended Jan. 29..2 million, or 4.6% of sales. The company pointed out that revenues were impacted by the closure of about 22 stores following its restructuring during the

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it believes it is well positioned to achieve positive same-store sales and solid operating cash flow in fiscal 2001 following release of results for the year and fourth quarter ended Jan. 29.

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