MATTHEWS, N.C. — Falling prices and value-conscious shoppers contributed to a 2.4% quarterly same-store sales decrease at Harris Teeter here, despite the chain drawing more shoppers and selling more items on a comparable basis. In the fiscal fourth quarter, which ended Sept. 27, Harris Teeter’s parent company, Ruddick Corp., said operating profits at the chain dropped 1.2% to $175.6 million compared with the same period last year, on sales of $3.8 billion, a 4.4% increase. Net earnings of ...
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.