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HARRIS TEETER OPERATING NET INCREASES 12.6%

CHARLOTTE, N.C. -- Ruddick Corp. here, parent of the Harris Teeter supermarket chain, said second-quarter sales increased 11.5% to $465.9 million..7 million and net income of $8 million in last year's second quarter.Harris Teeter, the largest of Ruddick's four divisions, reported operating income of $9.3 million in the quarter, an increase of 12.6% compared with $8.2 million last year. The parent

CHARLOTTE, N.C. -- Ruddick Corp. here, parent of the Harris Teeter supermarket chain, said second-quarter sales increased 11.5% to $465.9 million.

.7 million and net income of $8 million in last year's second quarter.

Harris Teeter, the largest of Ruddick's four divisions, reported operating income of $9.3 million in the quarter, an increase of 12.6% compared with $8.2 million last year. The parent company's lower net income during the quarter was due to an operating loss of $91,000 at its Jordan Graphics division and lower operating income in a manufacturing division.

Sales at Harris Teeter rose about 14% to $385.9 million in the quarter from $338.6 million in the year-ago period. Same-store sales increased 6.2%. Results from supermarket operations "were well ahead of last year" in all markets except Columbia, S.C., and Atlanta, the company said.

1ST-QUARTER RESULTS

Qtr. Ended 4/3/94 3/28/93

Sales $465.9 million $417.7 million

Change +11.5%

Same-store +6.2%

Net Income $7.4 million $8 million

Change -7.1%

Inc/Share 32 cents 33 cents

6 Months 1994 1993

Sales $930.4 million $840.1 million

Change +10.8%

Net Income $13.7 million $19.9 million

Change -31.1%

Inc/Share 58 cents 83 cents