Q4 Earnings Dip at Harris Teeter

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.

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.

In the fiscal fourth quarter, which ended Sept. 27, Harris Teeter’s parent company, Ruddick Corp., said operating profits at the chain dropped 1.2% to $175.6 million compared with the same period last year, on sales of $3.8 billion, a 4.4% increase. Net

Register to view the full article

test - Advanced Registered User

Already a member? .