CHARLOTTE, N.C. -- Ruddick Corp. here said its Harris Teeter supermarket chain posted a 12.9% gain in operating profits in the first quarter ended Jan. 2, compared with the first quarter of the previous year. million. During the quarter, operating profits totaled 4.45% of sales, vs. 4.13% of sales in the year-ago first quarter. The company said it was able to offset increased medical and benefit costs and the expenses associated with store closures through cost cutting in other areas. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.