Tops Posts Profit Gains in Q3

WILLIAMSVILLE, N.Y. — Tops Holding Corp., parent of the Tops Friendly Markets chain here, said the successful conversion of 51 acquired Penn Traffic stores and ongoing merchandising and execution effectiveness at its legacy stores helped the company drive sales and profit gains in the fiscal third quarter.

Last week the company reported net income of $6.4 million for the 12-week period, which ended Oct. 8, reversing a loss of $7.

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