SEAWAY REPORTS LOSS IN QUARTER

MAUMEE, Ohio -- Seaway Food Town here reported a loss and decreased sales for the first quarter ended Nov. 27.rter. Sales fell 5.6% in the quarter to $132.5 million. Same-store sales declined 3.5%.The loss included an extraordinary item of $256,000 related to a change in tax accounting and two other one-time expenses. The one-time charges covered a $196,000 reserve for payment of union contract ratification

MAUMEE, Ohio -- Seaway Food Town here reported a loss and decreased sales for the first quarter ended Nov. 27.

rter. Sales fell 5.6% in the quarter to $132.5 million. Same-store sales declined 3.5%.

The loss included an extraordinary item of $256,000 related to a change in tax accounting and two other one-time expenses. The one-time charges covered a $196,000 reserve for payment of union contract ratification bonuses and a $96,000 write-off of canceled real estate-related pr

Register to view the full article