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BI-LO reports EBITDA of $12.3 million for four weeks ended May 23
By Jennifer Lanning Drey
Portland, Ore., June 19 - BI-LO, LLC posted $12.3 million of EBITDA for the four-week period ended May 23 on total sales of $203.78 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of South Carolina.
The figures compared to $11.3 million of EBITDA for the prior four weeks on total sales of $201.75 million.
Net income for the May period was $1.68 million, an improvement from a net loss of $2.54 million for the four weeks ended April 25.
BI-LO had cash and cash equivalents of $33.84 million at May 23, compared with $33.09 million at April 25.
BI-LO is a Greenville, S.C., supermarket operator. The Chapter 11 case number is 09-02140.
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