Promotions Drive 8.5% Sales Gain at Harris Teeter

CHARLOTTE — The stock in Ruddick Corp. surged nearly 10% at the opening of the markets Friday as the company posted an 8.5% increase in sales for the first fiscal quarter, driven in part by successful pricing and promotional strategies, the company said.

The company, parent of the Harris Teeter chain, said net income totaled $13.7 million, a decline of 64%, after recording a loss of $12.1 million from discontinued operatio

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