Harris Teeter Profits Nearly Double for Q3



Harris Teeter Profits Nearly Double for Q3


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Harris Teeter has reported third quarter fiscal results highlighted by an almost doubled net income.



Net income rose from $15.8 million to $31.3 million while comparable store sales increased by 1.29%. Sales grew as well, by 3.6% from $3.39 billion to $3.52 billion.

“We are pleased with our results for the third quarter. Our comparable store sales increase, which was negatively impacted by the shift of both the Easter and Fourth of July Holidays, remained positive despite the fact that we still do not see any meaningful inflation for the current year,” said Thomas W. Dickson, Chairman of the Board and Chief Executive Officer.

The company operated 212 stores as of the end of the third quarter of fiscal 2013.

Harris Teeter