CHARLOTTE, N.C. — Investments in promotions in the third quarter put pressure on the operating earnings of Harris Teeter, the chain’s parent company said yesterday. Ruddick Corp. here said operating profit at Harris Teeter was down 3.8%, to $42.8 million, compared with the year-ago period. Comparable-store sales fell 1.42% for the quarter (including a 32-basis-point bump from the later Easter this year), but total sales increased by 4.1%, to $964.2 million, buoyed by the addition of 14 new ...
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.