Price Cuts Impact Harris Teeter

Continued promotional price investments contributed to a slight decline in operating profits, while deflation negatively impacted comparable-store sales during the fiscal first quarter at Harris Teeter, the retailer said. However, analysts and investors applauded the results for Harris Teeter and its parent company, Ruddick Corp., which outperformed a grim forecast for the period, which

CHARLOTTE — Continued promotional price investments contributed to a slight decline in operating profits, while deflation negatively impacted comparable-store sales during the fiscal first quarter at Harris Teeter, the retailer said.

However, analysts and investors applauded the results for Harris Teeter and its parent company, Ruddick Corp., which outperformed a grim forecast for the period, which ended Dec. 27. Its stock climbed by more than 10% on the news, and at least one

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