Tops Swings to Profit in Q2

WILLAMSVILLE, N.Y. — Tops Holding Corp. here, parent of the Tops Friendly Markets chain, on Monday reported net income of $293,000 for the second quarter, vs. a loss of $8.9 million a year ago as sales trends improved and expenses were reduced.

WILLAMSVILLE, N.Y. — Tops Holding Corp. here, parent of the Tops Friendly Markets chain, on Monday reported net income of $293,000 for the second quarter, vs. a loss of $8.9 million a year ago as sales trends improved and expenses were reduced.

The company, which is privately owned by Morgan Stanley Private Equity but reports earnings because of publicly traded debt, said sales improved about 3.3%, to $559.

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