CHARLOTTE — Harris Teeter here on Thursday said new-store growth and aggressive pricing helped drive sales and profit gains in the second quarter, although comp-store sales were off by 1.33%. Operating income at the chain, a subsidiary of Ruddick Corp., grew 4.6% to $47.1 million for the quarter, which ended March 28. Sales were up 5.4%, to $1 billion, largely due to the addition of 16 net new stores since the second quarter of a year ago. Through the 26-week first half, operating income ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.