Harris Teeter Sales and Profits Up


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Thu. May 2nd, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%">Matthews, NC</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By AUNK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">5.3.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Harris Teeter has reported an increase in sales and profits for the second quarter of fiscal 2013.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Sales rose 4.3% from $1.12 billion to $1.17 billion while comparable store sales increased by 3.66% for the quarter. Comparable store sales were positively impacted by the shift of the Easter Holiday.<img src="https://cdn.andnowuknow.com/legacyWriterImages/harris-teeter-cropped.jpg" alt="images050213" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Gross profits rose by 4.7% to $359.6 million for the period and operating profit in the second quarter of fiscal 2013 increased by 7.3% to $56.3 million.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“We are very pleased with our results for the second quarter. Our pricing and promotional strategies were effective in driving unit sales and increasing market share while increasing the quarterly gross margin by 10 basis points over the prior year,” said Thomas Dickinson, Chairman of the Board and Chief Executive Officer.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.harristeeter.com/" target="_new">Harris Teeter</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">