A&P posts $35 million net loss for Feb. 27 to March 26; sales decline

By Caroline Salls

Pittsburgh, May 17 - The Great Atlantic & Pacific Tea Co., Inc. (A&P) reported a $35 million net loss for the period of Feb. 27 to March 26 on $566.77 million in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed a decline from the $9.46 million of net income posted for the period of Jan. 30 to Feb. 26 on $577.25 million in sales.

Cash and cash equivalents were $349.47 million at March 26, down from $352.61 million at Feb. 26.

A&P, a Montvale, N.J.-based operator of supermarkets, filed for bankruptcy on Dec. 12. Its Chapter 11 case number is 10-25459.

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