BNET Industries
Penn Traffic Co. (PTFC) is in the Food Industry
- Revenue
- Feb 02 2008
- $1.2B
- Profit
- Feb 02 2008
- ($41.7M)
- Market Cap
- Oct 09 2008
- $8.3M
Latest News and Analysis
Scoreboard
SCOREBOARD Quarter Dollar %RETAILERS ...
Red Ink grows at Penn Traffic
SYRACUSE, N.Y. -- Beset by lower sales and higher special charges, Penn Traffic Co. saw its loss expand by more than two-thirds for the 13 weeks ended May 3. The regional food retailer and wholesaler sustained a net loss of $12.4 million for the first quarter of fiscal...
Penn Traffic's July 9 Annual Meeting to Be Available by Teleconference
SYRACUSE, N.Y. -- Shareholders and others who are unable to attend The Penn Traffic Company ("Pink Sheets": PTFC) annual meeting of stockholders on July 9, 2008, may listen to the event via teleconference. What: <Penn Traffic Company Annual Meeting of Stockholders ...
Penn Traffic Reports Financial Results for the First Quarter of Fiscal 2009
SYRACUSE, N.Y. -- The Penn Traffic Company ("Pink Sheets": PTFC), which operates or supplies more than 220 Northeastern U.S. supermarkets, reported financial results for the first quarter of fiscal 2009. Penn Traffic and its 97 corporate-owned stores posted revenues of $287.1 million in the first...
Penn Traffic Schedules June 11 Conference Call to Review Financial Results for the First Quarter of Fiscal 2009
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) has scheduled a conference call to discuss its financial results and operating performance for the 13 weeks ended May 3, 2008. What:
Penn Traffic Reports Financial Results for the Fourth Quarter and 12 Months of Fiscal 2008
SYRACUSE, N.Y. -- The Penn Traffic Company ("Pink Sheets": PTFC), which operates or supplies more than 220 Northeastern U.S. supermarkets, reported audited financial results for the fourth quarter and 12 months of fiscal 2008. For the fiscal year ended Feb. 2, 2008, Penn Traffic reported a net loss...
Penn Traffic Schedules April 18 Conference Call to Review Financial Results for the Fourth Quarter and 12 Months of Fiscal 2008
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) has scheduled a conference call to discuss its audited financial statements and operating performance for the fourth quarter and fiscal year ending Feb. 2, 2008. What: Penn Traffic Company Fiscal 2008 Conference...
Penn Traffic Secures Extensions to Credit Agreements
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) has secured extensions to its existing credit agreements, which were set to expire on April 13, 2008. The credit agreement with GE Corporate Lending, serving as agent in a facility also including The CIT Group/Business Credit, Inc., Bank...
Western Union Teams With Penn Traffic Company to Offer Money Transfer, Money Order Services
Services Now Available at Bilo, P&C, Quality Markets in the Eastern U.S. ENGLEWOOD, Colo. & SYRACUSE, N.Y. -- The Western Union Company (NYSE:WU), a global leader in money transfer services, and the Penn Traffic Company, a leading food retailer in the Eastern U.S., announced today that Western Union[R]...
Penn produce deal
PENN PRODUCE DEAL: Penn Traffic Co. has signed a produce contract agreement with C&S Wholesale Grocers Inc. that will allow the super-marketer to benefit from purchase cost efficiencies, while expanding its access to new and alternative products. The agreement goes into effect March 1...
The Penn Traffic Company signed a produce procurement contract with C&S Wholesale Grocers, Inc.(NEWS IN A MINUTE)(Brief article)
THE PENN TRAFFIC COMPANY signed a produce procurement contract with C&S WHOLESALE GROCERS, INC. Effective Mar. 1, C&S Wholesale Grocers, Inc. will provide sourcing, purchasing and in-bound logistics services for all of Penn Traffic's retail stores and wholesale customers. Penn Traffic will continue to operate all...
Penn Traffic Signs Procurement Agreement with C&S Wholesale Grocers, Inc
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC.PK) announced today that it has signed a produce procurement contract with C&S Wholesale Grocers, Inc., the nation's second largest food wholesaler. Effective March 1, 2008, the agreement will allow Penn Traffic to benefit from purchasing cost efficiencies while expanding access...
Penn Traffic to Close Five Stores to Focus on Core Store Portfolio, Improve Long-Term Financial Performance
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) announced today that it is closing five underperforming stores as part of its strategy to improve the company's long-term financial performance and allow itself to reinvest in its core store portfolio. The five store closings, which will affect...
Penn Traffic closes equity deal
PENN TRAFFIC CLOSES EQUITY DEAL: Penn Traffic Co. has closed a private placement of $10 million in new equity financing with three of its largest common stockholders (Bay Harbour Management LLC, CR Intrinsic Investors LLC and King Street Capital Management LLC). Company president and chief executive officer Gregory Young called...
Penn Traffic closure
PENN TRAFFIC CLOSURE: Penn Traffic Co. plans to close its Penny Curtis commercial bakery as part of a strategy that seeks to focus corporate resources on enhancing the in-store experience for its customers. Penn Traffic blamed overcapacity in the commercial bakery industry for Penny Curtis' woes, noting that in August...
Penn Traffic closes commercial bakery
SYRACUSE - The Penn Traffic Co. (Pink Sheets: PTFC) announced it has closed its Penny Curtiss Baking Co, Inc. commercial bakery, eliminating 160 jobs. Gregory Young, Penn Traffic CEO, said in a press release that the company would work with unions representing the bakery workers and provide them the...
Penn Traffic to Close Penny Curtiss as Part of Strategy to Improve Long-Term Financial Performance
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) announced today that it is closing its Penny Curtiss commercial bakery operation, effective immediately, as part of its strategy for improving the company's long-term financial performance and further focusing its resources on enhancing the in-store experience for...
Penn Traffic Closes Private Placement of $10 Million in New Equity Financing
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) today closed a private placement of $10 million in new equity financing with three of its largest common stockholders. "We believe this new equity investment is a strong show of support in Penn Traffic, its...
Penn Traffic Files Its Form 10-K for Fiscal Year 2007
SYRACUSE, N.Y. -- The Penn Traffic Company (Pink Sheets: PTFC) today filed its annual report on Form 10-K for the fiscal year ended Feb. 3, 2007 with the Securities and Exchange Commission. Penn Traffic reported a net loss of $21.2 million, or $2.50 cents per...
Penn Traffic names Young as new president and CEO
SYRACUSE - The board of directors of The Penn Traffic Company (Pink Sheets: PTFC) recently voted unanimously to appoint Executive Vice President and Chief Operating Officer Gregory J. Young to serve as president and chief executive officer, effective immediately. The appointment followed the resignation of Robert R. Panasuk as president,...
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- Incorporated: 1903
- CEO: Mr. Gregory J. Young
Penn Traffic is a food retailer in the eastern United States. Co. operates 103 supermarkets in Pennsylvania, upstate New York, Vermont and New Hampshire under the "Bi-Lo" (19 stores), "P&C" (58 stores) and "Quality" (26 stores) trade names. Co. also operates a wholesale food distribution business serving 58 independent supermarket and 66 other independent wholesale accounts and Penny Curtiss Bakery, a Syracuse-based commercial bakery. Co. classifies its businesses in two primary segments: (i) Retail Food Business and (ii) Wholesale Food Distribution Business.
Key Competitors
Penn Traffic Co. Company Info
Board of Directors
Mr. Robert J. Kelly
Chairman
Mr. Joseph V. Fisher
Mr. David B. Jenkins
Mr. Martin A. Fox
Mr. Lief D. Rosenblatt
Mr. Gabriel S. Nechamkin
Mr. Mark D. Sonnino
Mr. Kurt Cellar
Mr. Scott Sozio
Contact Information
1200 State Fair Boulevard
Syracuse, NY
315 453-7284
NAICS Code
Supermarkets and Other Grocery (except Convenience) Stores: 445110
