Tops Sees Margin Pressure, Eyes New-Store Growth

WILLIAMSVILLE, N.Y. — Food-cost inflation is pressuring margins at Tops Friendly Markets here, company officials said in a conference call discussing fourth-quarter results, but analysts said they expected the company to generate improved financial results this year. Food inflation remains management's No. 1 concern, said Bryan Hunt, a Charlotte-based analyst with Wells Fargo Securities, in a report.

WILLIAMSVILLE, N.Y. — Food-cost inflation is pressuring margins at Tops Friendly Markets here, company officials said in a conference call discussing fourth-quarter results, but analysts said they expected the company to generate improved financial results this year.

“Food inflation remains management's No. 1 concern,” said Bryan Hunt, a Charlotte-based analyst with Wells Fargo Securities, in a report.

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