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• Ruddick Corporation, parent company of Harris Teeter, reported that consolidated sales for fiscal 2008 increased by 9.7% to $3.99 billion from $3.64 billion in fiscal 2007, as consolidated sales for the fiscal fourth quarter ended September 28, 2008 increased by 8.8% to $1.03 billion from $0.94 billion in the fourth quarter of fiscal 2007.

The company reported consolidated net income of $96.8 million, an increase of 19.9% from the $80.7 million reported for fiscal 2007. Consolidated net income for the fiscal fourth quarter was $24.8 million, an increase of 17.2% from the $21.2 million reported in the fourth quarter of fiscal 2007.

Harris Teeter sales for fiscal 2008 increased by 11.1% to $3.66 billion from $3.30 billion in fiscal 2007. Sales for the fourth quarter of fiscal 2008 were $948.8 million, an increase of 10.2% from the $861.1 million in the fourth quarter of fiscal 2007. The increase in sales was attributable to incremental new stores and comparable store sales increases of 2.86% for the year and 2.16% for the fourth quarter.

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