business news in context, analysis with attitude

  • The Great Atlantic & Pacific Tea Co. (A&P) has reported a first quarter loss of $89.2 million, compared to a loss of $42.8 million during the same period a year ago. The first quarter loss was double that expected by analysts, according to one press report.

    Revenue for the quarter increased to $3.38 billion from $3.28 billion a year ago, and same-store sales for the period were off 0.3 percent.

KC's View: