RESTRUCTURING CITED FOR PROFIT AT A&P

MONTVALE, N.J. -- Ambitious restructuring efforts throughout fiscal 1999 resulted in net profits and strong comparable-store sales for A&P here, Christian Haub, president and chief executive officer for A&P, said last week.lion loss in 1998. Excluding restructuring charges from both years, 1999 income was $74 million, up 44% from $51.3 million.For the quarter, earnings per share excluding special

MONTVALE, N.J. -- Ambitious restructuring efforts throughout fiscal 1999 resulted in net profits and strong comparable-store sales for A&P here, Christian Haub, president and chief executive officer for A&P, said last week.

lion loss in 1998. Excluding restructuring charges from both years, 1999 income was $74 million, up 44% from $51.3 million.

For the quarter, earnings per share excluding special items were 51 cents, exceeding First Call/Thompson Financial estimates

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