MATTHEWS, N.C. — Harris Teeter Supermarkets here said pricing and promotional efforts drove gains in sales and market share in the fiscal first quarter, although it said profits were under pressure from competition, low inflation and a weak retail environment during the holidays. Some analysts lowered their outlooks for the company after a shortfall in first-quarter net income. Andrew Wolf, a Richmond, Va.-based analyst with BB&T Capital Markets, noted that Harris ...
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.