MATTHEWS, N.C. — Quarterly net income at the parent company of Harris Teeter declined by 4.7% as promotional prices cut into profits and comparable-store sales were flat, the company here said Thursday. Net earnings of $22.9 million for the 13-week period ending March 29 also reflected sales declines and a $4.6 million operating loss at American & Efird, a textile division of Ruddick Corp. Sales at Harris Teeter increased by 6.3% to $949.4 million in the quarter, primarily attributable ...
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 complimentary access to the SN salary survey data tables.
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.