Harris Teeter profit edges up in Q2, four stores and 10 remodels on tap
Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.
Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.
During the first half of fiscal 2012, the grocer said it opened three new stores and closed one, and said it plans to open four new stores and complete major remodels on 10 stores over the remainder of fiscal 2012. Five of the remodels will involve sq. ft. expansions.