Harris Teeter Profit Up

CHARLOTTE, N.C. Ruddick Corp., parent of the Harris Teeter chain, said the chain's operating profit was up 6.3% in its fiscal first quarter, to $35.4 million, but its profit margins were down for the period because of pre-opening costs for new stores. The company, which has 155 supermarkets, plans to build 16 new units in the rest of 2007, including one replacement store, as it continues to concentrate

CHARLOTTE, N.C. — Ruddick Corp., parent of the Harris Teeter chain, said the chain's operating profit was up 6.3% in its fiscal first quarter, to $35.4 million, but its profit margins were down for the period because of pre-opening costs for new stores.

The company, which has 155 supermarkets, plans to build 16 new units in the rest of 2007, including one replacement store, as it continues to concentrate on growth in northern Virginia.

Operating profit as a percent of s

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