Bankrupt Fleming Companies Inc. announced yesterday that it that it overstated by as much as $85 million its pretax results for 2001 and the first three quarters of 2002. It said that it will restate its 2001 annual and quarterly financial statements and 2002 quarterly financial statements, as well as revise its previously announced 2002 fourth quarter and full year financial results.
Fleming said the actions are the result of “significant business issues and developments,” including the recent termination of its supply agreement with Kmart Corp., which led to its filing for bankruptcy protection.
Fleming said the actions are the result of “significant business issues and developments,” including the recent termination of its supply agreement with Kmart Corp., which led to its filing for bankruptcy protection.
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