Harris Teeter Posts Profit Gains in 3Q

A 5.33% increase in comparable-store sales for the third quarter helped Harris Teeter post a 26.9% gain in operating profit for the period, to $39.9 million, compared with year-ago results.

CHARLOTTE, N.C. — A 5.33% increase in comparable-store sales for the third quarter helped Harris Teeter here post a 26.9% gain in operating profit for the period, to $39.9 million, compared with year-ago results. Sales for the 13-week quarter, which ended July 1, rose 12.9%, to $836.4 million, which also reflected results from 12 new stores opened during the first nine months of the fiscal year. Parent company Ruddick Corp., which also operates the American and Efird thread business, said cos

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