Pathmark 2Q loss grows, cites A&P merger

CARTERET, N.J. Pathmark Stores reported a net loss of $18.8 million or 36 cents per diluted share for its second quarter ended Aug. 4, compared to a net loss of $8.8 million, or 17 cents per diluted share, in the prior year's second quarter.

According to the company, the increase in net loss was primarily due to pre-tax expenses of $7.2 million related to the proposed merger with The Great Atlantic & Pacific Co.

Pathmark Stores reported that net sales for the quarter were $998.5 million, a decrease of 0.4% from $1 billion in the prior year's second quarter. Same-store sales for the quarter decreased by 0.2%.