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Haggen records $1.09 million operating loss for May 20 to June 16
By Sheri Kasprzak
New York, July 27 – Haggen Holdings LLC posted a $1.09 million operating loss for the period of May 20 to June 16, according to a monthly operating report filed July 27 with the U.S. Bankruptcy Court for the District of Delaware.
By comparison, Haggen reported a $6.63 million operating loss between April 22 and May 19 on $46.68 million in net sales.
The company saw a net loss of $14 million for the period, up from a $13.79 million net loss for the previous period.
Haggen had $59.89 million of cash and cash equivalents on hand as of June 16, up from $47.18 million as of May 19.
Based in Bellingham, Wash., Haggen is a supermarket company. It filed for bankruptcy on Sept. 8, 2015 under Chapter 11 case number 15-11874.
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