New Jersey’s Mysterious “$100 Million Deli” Did $5k in Sales in Q1

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  • Sales jumped nearly a whopping 50% in the first quarter of 2021 at that mystery $100 million New Jersey deli company — but that amounted to only a measly $5,305 worth of food.
  • Losses also jumped big-time at deli owner Hometown International, rising to $173,658 for the quarter. That’s about $97,000 more in losses than in the same period last year.
  • Hometown International’s latest SEC filing also shows a series of previously unreported developments at the mysterious corporation.

Sales jumped nearly a whopping 50% in the first quarter of 2021 at that mystery $100 million New Jersey deli company — but that amounted to only a measly $5,305 worth of sandwiches, sodas and chips, a new financial filing revealed Monday.

Losses also jumped big-time at deli owner Hometown International, rising to $173,658 for the first three months of this year. That’s about $97,000 more in losses than in the same period last year.

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Hometown International’s latest filing also shows a series of previously unreported developments at that odd corporation, whose deli in Paulsboro, New Jersey, sits across the Delaware River from Philadelphia.

The moves, like other recent ones, seem designed to clean house and make the company an attractive takeover candidate by a private company. That seems to be the real reason that investors in Hong Kong and Macao last year took big stakes in Hometown International, as opposed to a love of selling cheesesteaks.

www.cnbc.com/2021/05/24/100-million-new-jersey-deli-sales-increased-in-early-2021.html

 

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