Pathmark Stores sustains net loss in fiscal 1Q

Pathmark Stores Inc, a regional supermarket chain operating 141 supermarkets primarily in the New York, New Jersey, and Philadelphia metro areas, reported unaudited results for its fiscal first quarter ended May 5, 2007.

Sales in the first quarter of fiscal 2007 were $999.0 million, an increase of 0.1% from $998.5 million in the prior year’s first quarter. Same-store sales for the quarter decreased by 0.3%. The company reported a net loss of $8.5 million in the first quarter of fiscal 2007, compared with $5.4 million in the first quarter a year earlier.