Bi-Lo Posts June Profit of $1.3M

Bi-Lo Holdings reported a net profit of $1.3 million on sales of $202.6 million for the four-week period that ended June 20.

GREENVILLE, S.C. — Bi-Lo Holdings here reported a net profit of $1.3 million on sales of $202.6 million for the four-week period that ended June 20.

The unaudited figures were included in a monthly operating report as part of the retailer’s Chapter 11 bankruptcy proceedings.

Sales and profits were down slightly compared with the previous four weeks, court records show, with gross profits falling to 25.8% of sales versus 26.4% in the earlier period, which ended May 23. The report showed EBITDA of $11.9 million in June as opposed to $12.7 million in May.

The company has said its sales and market share has improved since filing for Chapter 11 in March.

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