Harris Teeter swings to profit in Q4
Matthews, N.C. -- Harris Teeter Supermarkets reported Friday a profit of $22.8 million in its fourth quarter, compared with a loss of $8.9 million last year.
Sales edged up 3.7% to $1.14 billion, and same-store sales increased 3.01%.
The grocer has introduced a new format and banner – 201central – that it is using as a platform to sell a global variety of wine, beer, specialty foods and other selected merchandise.
Plans for fiscal 2013 include 12 new stores and nine major remodels.