business news in context, analysis with attitude

• Pathmark Stores reported that its fourth quarter profit was $1.7 million, compared with a loss of $14.6 million during the same period a year ago. Sales rose 0.6 percent to $1,078.5 million, compared with $993.3 million a year ago. Same-store sales increased by 1.2 percent.
KC's View:
We accidentally used these numbers on Friday and attributed them to A&P, which is, of course, looking to acquire Pathmark. We regret the error, and can only think that we somehow got ahead of ourselves.