US grocery retailer Pathmark Stores has posted a quarterly net loss, due to a pre-tax interest charge related to a loan.


The company posted a net loss of US$0.2m, for the third quarter to 1 November, unchanged from the prior year’s third quarter. The results for the latest quarter included a previously announced $4.2m pre-tax interest charge ($2.5m after tax) related to the early repayment of $102m of the company’s term loan. Excluding this item, the company said it would have recorded net earnings of $2.3m.


Sales in the third quarter were $978.5m, an increase of 0.7% from $971.5m in the year-ago quarter. Same-store sales increased 0.7% in the third quarter.


“I am pleased with our results for the third quarter, which included the third consecutive quarterly increase in same-store sales and market share. In addition, we achieved a solid increase in operating earnings as a direct result of continued progress with our sales, gross profit and expense-control initiatives,” said CEO Eileen Scott.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData