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Pathmark Posts Wider Loss for 3Q
CARTERET, N.J. -- Pathmark Stores, Inc., based here, reported a net loss of $18.3 million, or 36 cents per diluted share, in its third quarter of fiscal 2005 ended Oct. 29, vs. a net loss of $3.6 million, or 12 cents per diluted share, in the year-ago period. Pathmark attributed this decline to an $11.8 million decrease in adjusted EBITDA, a merchandising and store initiative charge of $4.2 million, a store labor buyout charge of $3.6 million, and a separation agreement charge of $1.6 million. -
Ahold Reports 3Q Loss Related to Class Action Settlement, Unveils Plan to Split U.S. Foodservice
AMSTERDAM, the Netherlands -- Royal Ahold yesterday reported a third-quarter net income loss of US $281.6 million (239 million euros), including a US $689.4 million (585 million euros) after-tax charge related to the international retailer's $1.1 billion settlement earlier this week with its shareholders in the wake of a profits overstatement scandal at the company's U.S. Foodservice unit.