Harris Teeter Supermarkets Q4 Profit Declines

(RTTNews) - Harris Teeter Supermarkets, Inc. (HTSI) Thursday said fourth-quarter earnings were $21.2 million, or $0.43 per share, compared with $22.8 million, or $0.46 per share in the same period last year.

On average, three analysts polled by Thomson Reuters expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.

Sales for the latest fourth quarter rose 4.5 percent to $1.19 billion, from $1.14 billion in the comparable quarter last year, while two analysts expected revenues of $1.20 billion.

Comparable store sales increased by 1.49 percent for the quarter.