Pathmark Results Swing to a Profit

CHICAGO -- Regional supermarket chain Pathmark Stores Inc. today reported that quarterly results swung to a profit, helped by cost controls and productivity improvements.

Pathmark said earnings for its fiscal fourth quarter ended Feb. 1 were $7.9 million, or 26 cents per share, compared with a year-earlier loss of $58.6 million, or $1.95 per share.

The company, which operates 143 supermarkets, primarily in the New York-New Jersey and Philadelphia areas, said quarterly sales were roughly flat at $1.0 billion.

Sales from stores open at least a year, or same-store sales, fell 1.6 percent.
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