US retailer A&P has seen its third-quarter losses narrow as comparable store sales rose 3.1%.
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The company, which last month sealed the US$1.4bn acquisition of regional retailer Pathmark, booked an underlying loss from operations of $12.1m, down from $17.7m a year earlier.
Sales for the third quarter reached $1.3bn, up from $1.2bn a year earlier.
Executive chairman Christian Haub said A&P had delivered “another solid sales performance”.
Haub added: “Our comprehensive plan for the integration of the Pathmark business over the next 18 to 24 months is well underway. The achievement of all financial synergies through that process, the addition of Pathmark’s substantial sales and customer base, and the ongoing positive momentum of the A&P business now positions our company to achieve breakthrough performance and sustainable profitability.”
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