Eagle Food Centers announced yesterday that it will apply to the US Securities and Exchange commission (SEC) for a delay until May 17 for the filing of its 2002 annual report, in which the 60-store company said it expects to post a $17.8 million net loss, compared to a $1.5 million net loss in the previous fiscal year.
"The increased loss for the fiscal year ended 2003 was primarily due to a decrease in sales related to increased competition, an increase in health and welfare and wage costs and impairment charges on long- lived assets," according to the Eagle statement.
"The increased loss for the fiscal year ended 2003 was primarily due to a decrease in sales related to increased competition, an increase in health and welfare and wage costs and impairment charges on long- lived assets," according to the Eagle statement.
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