Harris Teeter Comps Up, Margins Down

CHARLOTTE — Fourth-quarter comparable-store sales rose 5% at Harris Teeter, the chain's parent company reported Thursday, but margins came under pressure from increased promotional activity.

CHARLOTTE — Fourth-quarter comparable-store sales rose 5% at Harris Teeter, the chain's parent company reported Thursday, but margins came under pressure from increased promotional activity.

Gross margins declined 59 basis points for the 13-week quarter, which ended Oct. 2, compared with the 14-week quarter of a year ago.

Operating profit at Harris Teeter was $45 million, down from $49.1

Register to view the full article

test - Advanced Registered User

Already a member? .