• Harris Teeter announced that its fiscal 2007 sales increased by 12.9 percent to $3.30 billion from $2.92 billion in fiscal 2006. Sales for the fourth quarter of fiscal 2007 were $861.1 million, an increase of 14.7 percent from the $750.9 million in the fourth quarter of fiscal 2006. Same-store sales were up 4.87 percent for the year and 5.91 percent for the fourth quarter.
Operating profit at Harris Teeter was $154.1 million in fiscal 2007 as compared to $127.6 million in fiscal 2006, representing a 20.7 percent increase. Q4 operating profit increased to $40.5 million from $30.2 million in the prior year period, an increase of 34.3 percent.
• Longs Drug Stores said that its October sales were $351 million, up 2.3 percent from $343 million a year ago. Same-store sales were up 0.2 percent.
• Rite Aid said that its October sales grew 51 percent to $1.99 billion from $1.32 billion in the same period last year. Same-store sales were up 0.4 percent.
• Eastman Kodak, which has spent the last three years converting much of its business from film to digital, said that it had a third quarter profit of $37 million, a dramatic shift from last year’s third quarter, when it had a $37 million loss. Sales for the period were off slightly, to $2.58 billion from $2.6 billion.
• Unilever said that its third quarter net profits were $1.46 billion (US), up 37 percent from the same period a year ago. Q3 sales were up just 1.2 percent to $14.7 billion (US).
Operating profit at Harris Teeter was $154.1 million in fiscal 2007 as compared to $127.6 million in fiscal 2006, representing a 20.7 percent increase. Q4 operating profit increased to $40.5 million from $30.2 million in the prior year period, an increase of 34.3 percent.
• Longs Drug Stores said that its October sales were $351 million, up 2.3 percent from $343 million a year ago. Same-store sales were up 0.2 percent.
• Rite Aid said that its October sales grew 51 percent to $1.99 billion from $1.32 billion in the same period last year. Same-store sales were up 0.4 percent.
• Eastman Kodak, which has spent the last three years converting much of its business from film to digital, said that it had a third quarter profit of $37 million, a dramatic shift from last year’s third quarter, when it had a $37 million loss. Sales for the period were off slightly, to $2.58 billion from $2.6 billion.
• Unilever said that its third quarter net profits were $1.46 billion (US), up 37 percent from the same period a year ago. Q3 sales were up just 1.2 percent to $14.7 billion (US).
- KC's View:
