USA: Penn Traffic announces third quarter same store sales
The Penn Traffic Company (Nasdaq:PNFT) announced yesterday that same store sales for the third quarter ended October 28, 2000 decreased 0.1% from the comparable prior year period. (1) "We are pleased with our sales performance in the third quarter considering the slowdown in consumer spending that we believe has occurred in our markets," said Joseph V. Fisher, President and Chief Executive Officer of the Penn Traffic Company. The Company expects to report its third quarter financial results on December 6, 2000. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause actual results to differ from those set forth in the forward-looking information can be found in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Q. The Penn Traffic Company operates 220 supermarkets in Ohio, West Virginia, Pennsylvania, upstate New York, Vermont and New Hampshire under the "Big Bear," "Big Bear Plus," "Bi-Lo," "P&C" and "Quality" trade names. Penn Traffic also operates wholesale food distribution businesses serving 83 licensed franchises and 78 independent operators.
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