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Published on 1/29/2016 in the Prospect News Distressed Debt Daily.

Haggen marks $346,000 of operating income for Dec. 4 through Dec. 31

By Caroline Salls

Pittsburgh, Jan. 29 – Haggen Holdings LLC reported $346,000 of income from operations for the period of Dec. 4 through Dec. 31 on $57.93 million in net sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Haggen posted a $51.96 million loss from operations for the period of Nov. 6 through Dec. 3 on $87.57 million in net sales.

Net income for the latest period was $14.89 million, improving from a $52.43 million net loss for the previous period.

In addition, the company had $33.14 million in cash and cash equivalents as of Dec. 31, up from $27.78 million at Dec. 3.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8. The Chapter 11 case number is 15-11874.


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