Harris Teeter Reports Gains in 3Q Profits

Harris Teeter has seemingly been immune to the margin-squeezing suffered by Kroger, Safeway and Supervalu in recent months. The supermarket chain, a division of Ruddick Corp., also based here, posted sharp gains in profits in the third quarter, propelled by comparable-store sales gains of 5.33%. I think Harris Teeter's price points are where they need to be, whereas some chains

CHARLOTTE, N.C. — Harris Teeter here has seemingly been immune to the margin-squeezing suffered by Kroger, Safeway and Supervalu in recent months.

The supermarket chain, a division of Ruddick Corp., also based here, posted sharp gains in profits in the third quarter, propelled by comparable-store sales gains of 5.33%.

“I think Harris Teeter's price points are where they need to be, whereas some chains may have their pricing too high,” Karen Short, an analyst with FBR Re

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