Carteret, N.J., Pathmark Stores Inc. said Wednesday its fiscal second-quarter loss widened primarily on acquisition costs, an impairment charge and costs related to a pension-plan withdrawal.
The company reported a loss of $18.8 million vs. a loss of $8.8 million a year ago. The current period included $7.2 million in costs related to Pathmark’s acquisition by The Great Atlantic & Pacific Co., operator of A&P grocery stores, as well as $2.2 million in impairment charges for a long-lived asset.
Revenue for the period ended Aug. 4 dropped to $998.5 million, down from $1 billion in the previous year. Same-store sales for the quarter dipped 0.2%.