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.

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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.

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.

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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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