Harris Teeter Supermarkets
The 10-second takeaway
For the quarter ended April 2 (Q2), Harris Teeter Supermarkets met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.
Margins grew across the board.
Harris Teeter Supermarkets notched revenue of $1.17 billion. The three analysts polled by S&P Capital IQ foresaw sales of $1.17 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.67. The four earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. GAAP EPS of $0.67 for Q2 were 8.1% higher than the prior-year quarter's $0.62 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.8%, 10 basis points better than the prior-year quarter. Operating margin was 4.8%, 10 basis points better than the prior-year quarter. Net margin was 2.8%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.22 billion. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $4.77 billion. The average EPS estimate is $2.42.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 84 members out of 103 rating the stock outperform, and 19 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Harris Teeter Supermarkets a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harris Teeter Supermarkets is hold, with an average price target of $42.50.
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