Harris Teeter Q2 Profits Up

MATTHEWS, N.C. — Ruddick Corp. here said operating profits at its Harris Teeter chain increased 7.1% in the fiscal second quarter to $50.5 million, driven by sales gains and efficiencies. Comparable-store sales were up 1.42% for the 13-week quarter, which ended April 3, and total sales were up 4.9%, to $1.05 billion, compared with year-ago results. The company said comps for the quarter, adjusted for

MATTHEWS, N.C. — Ruddick Corp. here said operating profits at its Harris Teeter chain increased 7.1% in the fiscal second quarter to $50.5 million, driven by sales gains and efficiencies.

Comparable-store sales were up 1.42% for the 13-week quarter, which ended April 3, and total sales were up 4.9%, to $1.05 billion, compared with year-ago results. The company said comps for the quarter, adjusted for the later Easter holiday this year, would have been up 2.1%.

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