A&P Pummeled on Soft Earnings

A&P here saw its stock fall by more than 25% Friday after reporting quarterly earnings and margin performance that fell short of market expectations despite strong sales figures.

MONTVALE, N.J. — A&P here saw its stock fall by more than 25% Friday after reporting quarterly earnings and margin performance that fell short of market expectations despite strong sales figures. The retailer reported net income of $2.2 million — and a loss from continuing operations of 48 cents per share — on sales of $2.9 billion for the 16-week first quarter ended June 14. Comparable-store sales at A&P improved by 3.2%, and comps at Pathmark, which A&P acquired in December, imp

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