Penn Traffic Reports Q3 Loss on Lower Sales

Penn Traffic Co. reported a net loss on lower sales for the third quarter, citing a reduction in store count.

SYRACUSE, N.Y. — Penn Traffic Co. here reported a net loss on lower sales for the third quarter, citing a reduction in store count. The loss for the period, which ended Nov. 1, was $5.6 million, or 67 cents per share, compared with a loss of $9.6 million a year ago, reflecting non-recurring charges of $5.6 million for closed-store costs, legal costs, severance, asset sales and reorganization costs.

Sales for the quarter fell 3.8% to $287.3 million, which the company said reflec

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