FINANCIAL WATCH

Harris Teeter, Charlotte, N.C., said sales climbed 5.1% and operating profit jumped 19% for the third quarter ended June 30. Sales were $454.1 million vs. $431.9 in the comparable quarter. Operating profit rose to $14.1 million from $11.8 million a year ago. Same-store sales were up 2.6%. Sales growth stemmed from customer acceptance of new stores, the chain reported, while operating profit benefited

Harris Teeter, Charlotte, N.C., said sales climbed 5.1% and operating profit jumped 19% for the third quarter ended June 30. Sales were $454.1 million vs. $431.9 in the comparable quarter. Operating profit rose to $14.1 million from $11.8 million a year ago. Same-store sales were up 2.6%. Sales growth stemmed from customer acceptance of new stores, the chain reported, while operating profit benefited from increased sales of higher-margin products and improved control of operating expenses.

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