* Q4 same store sales down 4.8 pct
* Revenues down 12.9 pct to $2 bln
NEW YORK May 5 Supermarket chain Great
Atlantic & Pacific Tea Co Inc GAP.N reported a wider
fourth-quarter loss, as sales continued to slide and its
acquisition of a rival two years ago dragged down results.
A&P reported that sales at existing stores fell 4.8 percent
during the quarter ended Feb. 27, while overall sales fell 12.9
percent to $2 billion.
Analysts had forecast sales of $2.19 billion, according to
Thomson Reuters I/B/E/S.
Net loss for the quarter was $171.4 million, or $5.07 per
share, 53 percent greater than its a loss of $112.1 million, or
$4.83 per share, a year earlier.
Its gross margins receded slightly, falling 0.4 percentage
points to 30.5 percent.
A&P's results have been hurt by the sharp sales decline at
grocery chain Pathmark, which it bought in December 2007. It
has posted losses for more than two years and been hobbled by
higher operating costs and pension-related costs.
Chief Executive Ron Marshall, who joined A&P in January
after leaving as CEO of U.S. bookseller Borders Group Inc
BGP.N said in a statement that A&P was concentrating on
"completing the integration of the Pathmark acquisition" and
squeezing out efficiencies in its supply chain costs.
(Reporting by Phil Wahba; editing by Andre Grenon)