Pathmark Write-Off, Sharp Sales Drop Sink A&P Q3

A&P officials today promised a “different approach” in marketing and merchandising after posting sharp declines in sales and a net loss of $560 million in the third quarter, which ended Dec. 5.

MONTVALE, N.J. — A&P officials today promised a “different approach” in marketing and merchandising after posting sharp declines in sales and a net loss of $560 million in the third quarter, which ended Dec. 5.

The financial results included a $412.6 million write-down for Pathmark. EBITDA of $36 million declined 54% from the same period last year and came in well below analyst expectations of $67.8 million. Comparable-store sales fell by 5.8%.

Christian Haub, A&

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