The Penn Traffic Company, operater of 216 supermarkets under the "Big Bear", "Big Bear Plus", "Bi-Lo", "P&C" and "Quality" banners, has announced net income of US$1.1m (US$0.06/diluted share) for the Q1 of Fiscal 2003, ended 4 May 2002, compared to adjusted net income of US$0.2m (US$0.01/diluted share) in the prior year.