US regional supermarket operator Great Atlantic & Pacific Tea Co has posted a narrower quarterly net loss compared to the year-ago period.
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The New Jersey-based company, known as A&P, reported a net loss of US$83.7m, or $2.17 per share, for the second quarter to 6 September, compared with a loss of $144.7m, or $3.76 per share, a year earlier. Results in the year-ago quarter were hit by a tax-related charge, reported Reuters.
Second-quarter sales increased 4% from last year to $2.44bn, while sales at stores open at least a year rose 1.1%.
