CHARLOTTE, N.C. -- Ruddick Corp., parent of the Harris Teeter chain, said yesterday that the chain's operating profit was up 6.3% in the first quarter, to $35.4 million. Sales increased by 11.2%, to $796.3 million, which the company attributed to new-store openings and a comparable-store sales increase of 3.31%. The company said operating profit as a percent of sales declined slightly, in part as a result of higher pre-opening costs.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.