Comps Up, Profits Down at Harris Teeter

MATTHEWS, N.C. — Harris Teeter Supermarkets here said third-quarter profits were down compared with a year ago, despite a 3.7% increase in comparable-store sales.

Net income totaled $15.8 million for the 13-week period, which ended July 1, down about 51% vs. year-ago levels. Profits were hit by expenses related to the acquisition of 10 stores from

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