Penn Traffic Announces Increase in Second Quarter Same Store Sales
The Penn Traffic Company (Nasdaq: PNFT - news) announced today that same store sales for the second quarter ended August 4, 2001, increased 0.7% from the comparable prior year period. Same store sales for the 26-week period ended August 4, 2001, increased 0.6% from the comparable prior year period. (1)
"Thanks to the dedication and hard work of our management and associates, we continue to make steady progress in implementing our business plan," said Joseph V. Fisher, President and Chief Executive Officer. "We have now achieved positive same store sales in five of the last six quarters."
The Company expects to report its second quarter financial results in September.
The Penn Traffic Company operates 220 supermarkets in Ohio, West Virginia, Pennsylvania, upstate New York, Vermont and New Hampshire under the "Big Bear", "Big Bear Plus," "Bi-Lo," "P&C" and "Quality" trade names. Penn Traffic also operates wholesale food distribution businesses serving 84 licensed franchises and 72 independent operators.
"Thanks to the dedication and hard work of our management and associates, we continue to make steady progress in implementing our business plan," said Joseph V. Fisher, President and Chief Executive Officer. "We have now achieved positive same store sales in five of the last six quarters."
The Company expects to report its second quarter financial results in September.
The Penn Traffic Company operates 220 supermarkets in Ohio, West Virginia, Pennsylvania, upstate New York, Vermont and New Hampshire under the "Big Bear", "Big Bear Plus," "Bi-Lo," "P&C" and "Quality" trade names. Penn Traffic also operates wholesale food distribution businesses serving 84 licensed franchises and 72 independent operators.