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A&P Parent’s Loss Widens in 2Q


Montvale, N.J., The Great Atlantic & Pacific Tea Co., parent company of A&P supermarkets, said Wednesday its second-quarter loss widened, as the company shed its Midwest business as part of plan to focus on the Northeast market.

Its loss for the quarter ended Sept. 8 totaled $91.3 million compared with a loss of $511,000 in the year-ago quarter. Excluding one-time costs related to restructuring, the company’s acquisition of Pathmark Stores and real estate related activity, its net loss was $5.3 million, compared with a loss of $4.9 million, during the same quarter a year ago.

Revenue rose 3% to $1.27 billion from $1.24 billion last year.

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