date:Nov 05, 2013
Harris Teeter Supermarkets on Thursday reported sales increases for the fourth quarter and fiscal year, but said costs associated with its pending merger with Kroger led to a decline in earnings.
Sales for the quarter, which ended Oct. 1, totalled $1.2 billion, an increase of 4.5% driven by a new stores and a comparable-store sales increase of 1.5%. Quarterly earnings of $21.1 million were down 7.5% from the same period last year, but included $5.9 million in merger-related costs.
Harris Teete