A&P Narrows Loss on Divestitures

The Great Atlantic & Pacific Tea Company reported a 3rd quarter earnings loss of 65 cents per share, narrowing from a loss of 77 cents in the previous year period. Included in the figures was an "impairment charge of $60 million pertaining to goodwill and other long-lived assets in its Farmer Jack operations." Boosting earnings were the $75 million sale of the Eight O' Clock coffee brand and better results north of the border.