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Great Atlantic & Pacific Posts 4th-quarter Loss

Stock quotes in this article: GAP  

MONTVALE, N.J. (AP) — Great Atlantic & Pacific Tea Co. on Tuesday recorded a fiscal fourth-quarter loss, sending its shares plunging more than 30 percent in heavy trading.

The operator of the A&P grocery chain posted a loss of $111.1 million, or $4.15 per share, in the quarter ended Feb. 28 as the company saw cost-conscious consumers reducing spending at the supermarket. That compares with a loss of $61.5 million, or $1.73 per share, in the corresponding period a year earlier.

The latest quarter included $56.6 million in depreciation and amortization costs. ...

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