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The Penn Traffic Co.
The Syracuse-based parent of Quality Markets and other supermarket chains last week reported continuing losses and falling revenues for its fourth quarter. Same-store sales fell 7.3 percent from a year earlier. The chain is attempting a turnaround, instituting lower prices, a management shake-up and 325 layoffs over the past year.

Common stock data
Latest close .... $4.83
52-week range .... $3.63 - $10.63
Dividend .... 0
P/E ratio .... Neg.
Beta .... .71
Average daily volume .... 62,058
Financial data
Annual profit .... --$61.1 mil.
Annual sales .... $3.01 bil.
Earnings per share
latest 12 months .... --$5.63
Estimated EPS for 1997 .... --$3.28
Key financial ratios
Profit margin .... --1.95%
Return on equity .... --2.39%
Debt to equity .... --989%
What a key exec says
"We have taken the appropriate steps to address the internal executive issues, primarily our meat merchandising effort, which led to financial results being below our expectations."
-- Phillip E. Hawkins, president and CEO
SOURCE: Bloomberg News; Zacks Investment Research

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