date:Apr 02, 2014
Same store sales were flat and were negatively impacted by the cannibalization of sales from new and acquired locations as well as sluggish economic conditions in areas of Tops' footprint. Helping mitigate those impacts were targeted marketing and promotions aimed at driving organic performance and increasing foot traffic.
Gross profit for the fourth quarter was $159.9 million, or 28.0% of net sales, compared with $154.5 million, or 27.6% of net sales, in the 2012 fourth quarter. The 40 basis