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Haggen marks $3.78 million operating loss for Jan. 29 through Feb. 25
By Caroline Salls
Pittsburgh, March 28 – Haggen Holdings LLC reported a $3.78 million loss from operations for the period of Jan. 29 through Feb. 25 on $50.61 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy court for the District of Delaware.
Haggen posted a $4.7 million loss from operations for the period of Jan. 1 through Jan. 28 on $51.16 million in net sales.
The net loss for the latest period was $3.13 million, down from $42.99 million of net income for the previous period.
In addition, the company had $25.76 million in cash and cash equivalents as of Feb. 25, up from $22.91 million at Jan. 28.
Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8. The Chapter 11 case number is 15-11874.
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