Last year's 2Q net loss was $5.1 million. The decline this yearwas largely due to an EBITDA drop. It was $26.9 million thisquarter, compared to $31.7 million last year. Same store sales areup 0.5% to $1,002.9 million, versus $1,000.7 million from a yearago.
The $4.8-million decline is due to lower gross profits of $1million (largely a pharmaceutical hit from Medicare Part D), higherutility costs of $2.3 million, self-insured workers' compensationand general liability costs of $2.2 million, medical and pension of$1.9 million, and supplies of $0.6 million. A credit of $3.2million for new accounting of breakage income from gift cardssoftened the blow.
Pathmark is in the middle of a revamping effort over the pastyear, covering the gamut from produce upgrades to rebranding tocost-cutting and the removal of in-store clutter.
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