Home / Knowledge / News / Textiles / Thread & technical textiles sales go up at Ruddick

Thread & technical textiles sales go up at Ruddick

05
Feb '07
Ruddick Corporation reported that consolidated sales for the 2007 fiscal first quarter ended December 31, 2006 increased by 10.6% to $880.8 million from $796.6 million in the first quarter of fiscal 2006. The increase in sales during the quarter was attributable to sales increases at both the Harris Teeter supermarket subsidiary and the Company's American & Efird (A&E) thread and technical textiles subsidiary.

In the first quarter of fiscal 2007, consolidated net income was $18.3 million, or $0.38 per diluted share, compared to $16.9 million, or $0.36 per diluted share, in the prior year's first quarter. The 8.2% increase in net earnings over the prior year was driven by operating profit increases at both operating subsidiaries.

Harris Teeter's sales increased by 11.2% to $796.3 million in the first quarter of fiscal 2007 compared to sales of $716.1 million in the first quarter of fiscal 2006. The increase in sales was attributable to new store activity, partially offset by store closings and divestitures, and a comparable store sales increase of 3.31% for the quarter.

During the first quarter of fiscal 2007, Harris Teeter opened 5 new stores, closed 2 older stores and completed the major remodeling of 3 stores, 2 of which were expanded in size. Since the first quarter of fiscal 2006, Harris Teeter has opened 20 new stores while closing or divesting 9 stores for a net addition of 11 stores. The company operated 155 stores at December 31, 2006.

Click here to read more:

Ruddick Corporation, USA


Must ReadView All

Pic: ADB

Textiles | On 28th Sep 2021

ADB approves $250-mn loan to support Bangladesh’s economic recovery

The Asian Development Bank has approved a $250-million policy-based...

Pic: Shutterstock

Textiles | On 28th Sep 2021

US 2020-21 cotton exports highest in 15 years

Spurred by record global imports, US cotton exports in 2020-21 were...

Pic: The Microfibre Consortium

Textiles | On 28th Sep 2021

New pledge for zero impact from textile fibre fragmentation by 2030

The Microfibre Consortium executive director Sophie Mather has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search