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. Financial results for the fiscal fourth quarter, which ended Sept. 27, showed supermarket sales of $984.5 million, an increase of 3.8% from the same period a year ago, while gross profits were flat at $293 million. Quarterly earnings, which include results from ...
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.