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  • Ruddick Corporation, which owns Harris Teeter, reported that consolidated sales for the second fiscal quarter ended March 28, 2004 increased by 2.3 percent to $701 million from $685 million in the prior year quarter. For the six months ended March 28, 2004, sales of $1.39 billion were 2.2 percent above the $1.36 billion for the comparable period last year.

    The company reported consolidated net income of $15.9 million, for the second quarter of fiscal 2004 compared to net income of $14.4 million in the prior year second quarter. For the first six months of fiscal 2004 consolidated net income was $29.7 million, compared to $27.4 million in the same period of fiscal 2003.

    For the second quarter of fiscal 2004, Harris Teeter sales rose 3.6 percent to $632.5 million from $610.6 million last year. For the first six months of fiscal 2004, sales rose 3.2 percent to $1.26 billion from $1.22 billion in the same period of fiscal 2003. Comparable store sales for the first six months of fiscal 2004 increased 1.91 percent.

    Operating profit at Harris Teeter increased by 11 percent to $26.3 million for the second quarter of fiscal 2004 as compared to $23.7 million in the prior year period. For the six months ended March 28, 2004 operating profit was $52.1 million, an increase of 13 percent from $46.1 million in the prior year period.


  • The Great Atlantic & Pacific Tea Company, Inc. (A&P) reports that its sales for the 13-week fourth quarter were $2.7 billion, compared with $2.4 billion in the 12-week fourth quarter of fiscal 2002. Comparable store sales increased 1.5% vs. year-ago, based on a comparable 12-week period. EBITDA for the fourth quarter of fiscal 2003, based on earnings from continuing operations excluding adjustments ("ongoing operating earnings"), was $45 million compared to $44 million in the prior year's fourth quarter.

    Sales for the 53 weeks were $10.8 billion versus $10.1 billion in the 52-week fiscal year 2002. Comparable store sales increased .9 percent, based on a comparable 52-week year. The net loss per share was $3.78 for fiscal 2003, compared with a loss of $5.03 for 2002. EBITDA for 2003, based on ongoing operating earnings as shown on Schedule 5 of this release, was $191 million compared to $236 million in the prior year.


  • C-store chain The Pantry reported a net loss for the second quarter of fiscal 2004 of $14.1 million, compared to a net loss of $2.4 million during the same period a year ago. Total revenues for the quarter were $794.4 million, up 18 percent from last year's second quarter.

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