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Pathmark Posts Wider Loss for 3Q
CARTERET, N.J. -- Pathmark Stores, Inc., based here, reported a net loss of $18.3 million, or 36 cents per diluted share, in its third quarter of fiscal 2005 ended Oct. 29, vs. a net loss of $3.6 million, or 12 cents per diluted share, in the year-ago period. Pathmark attributed this decline to an $11.8 million decrease in adjusted EBITDA, a merchandising and store initiative charge of $4.2 million, a store labor buyout charge of $3.6 million, and a separation agreement charge of $1.6 million.