Harris Teeter has reported its third quarter financials for fiscal 2012. Sales for the third quarter of fiscal 2012 were $1.15 billion, an increase of 4.6% from $1.10 billion in the third quarter of fiscal 2011. For the 39 weeks that ended July 1, 2012, sales increased by 6.5% to $3.39 billion from $3.18 billion in the prior comparable period. The increase in sales for the quarter and 39-week period was driven by an increase in comparable store sales and sales from new stores. Comparable store sales increased by 3.70% for the quarter, and 4.30% for the 39-week period. Thomas W. Dickson, Chairman of the Board and Chief Executive Officer stated, “We are pleased with our results for the quarter and the completion of our purchase and sale transaction with Lowes Foods....During the quarter we experienced increased unit sales on a comparable store basis and have continued this positive trend into the fourth quarter. In addition, our store brand penetration on both a unit and sales dollar basis improved over the prior year. We believe these positive results are a result of our continuing commitment to our customers to deliver outstanding values and excellent customer service.”<hr class="legacyRuler"><hr class="invisible minimal-padding">
