Pathmark's Q1 Loss Widens on Impact of Planned Merger, Retirement Program
CARTERET, N.J. -- Citing the effects of pre-tax expenses of $5.2 million related to its proposed merger with the Great Atlantic & Pacific Tea Co., and a pre-tax charge of $4.2 million resulting from a voluntary retirement incentive program, Pathmark Stores, Inc. yesterday said lost $8.5 million, or 16 cents per share, for its first quarter of fiscal 2007 ended May 5, compared to $5.4 million, or 10 cents for the period last year.