Harris Teeter 2002 Annual Report Download

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Annual Report
2002
harris teeter |ruddick corporation |american &efird

Table of contents

  • Page 1
    harris teeter | ruddick corporation | american & efird Annual Report 2002

  • Page 2
    Ruddick Corporation and Subsidiaries annual report 2002 FINANCIAL HIGHLIGHTS (dollars in thousands, except per share data) 2002 1 20011 2000 1999 1998 Net Sales $ 2,644,198 $ 2,743,290 $ 2,692,091 $ 2,634,289 $ 2,497,407 Total Operating Profit 1 101,268 53,437 106,624 104,055 94,196 Earnings ...

  • Page 3
    ... Value Per Share Capital Expenditures American & Efird Harris Teeter Corporate Total Capital Expenditures Working Capital Total Assets Long-Term Debt - Including Current Portion Long-Term Debt as a % of Capital Employed Number of Employees Number of Beneficial Shareholders Including Employee /Owners...

  • Page 4
    Ruddick Corporation and Subsidiaries annual report 2002 1998 $ 365,184 2,132,223 $ 2,497,407 42,070 52,126 94,196 46,772 1.00 .32 152,851 410,725 12.3% 8.82 20,246 ...

  • Page 5
    Ruddick Corporation and Subsidiaries annual report 2002 We take a long-term approach to managing your company and we know that our strategies are sound and our execution is capable. moving | forward | thinking TO OUR SHAREHOLDERS: The year ended September 29, 2002, was a very encouraging one for ...

  • Page 6
    ...associates in our Harris Teeter stores, whose efforts have produced these significant improvements. Our selection process and testing programs enable us to hire the best applicants and they benefit from our ongoing training programs. Their hard work and attention to customer service and satisfaction...

  • Page 7
    Ruddick Corporation and Subsidiaries annual report 2002 Thomas W. Dickson President and Chief Executive Officer John Woodlief Vice President - Finance and Chief Financial Officer Alan T. Dickson Chairman of the Board R. Stuart Dickson Chairman of the Executive Committee remained under pressure,...

  • Page 8
    ... new stores in Harris Teeter's core markets to solidify and to build upon our competitive position. Our focus certainly remains on the customer. We work to distinguish ourselves every day to create customer loyalty and drive sales. Our VIC "Very Important Customer" loyalty card program and VICbased...

  • Page 9
    Ruddick Corporation and Subsidiaries annual report 2002 of our goals. We run multi-week promotions to encourage shopper loyalty throughout the entire year. We believe that these programs have been very successful in driving sales growth, and we expect to continue to offer our customers the ...

  • Page 10
    Ruddick Corporation and Subsidiaries annual report 2002 Competitive prices and features with our VIC loyalty card. markets. We opened six new stores in close proximity to existing stores and maintained our focus on customers in our core markets. This has resulted in some cannibalization of sales ...

  • Page 11
    Ruddick Corporation and Subsidiaries annual report 2002 standards for tenderness, and enables our customer to purchase a more consistent product, while reducing safety concerns related to processing ground meats in individual stores. In fact, safety is such an important value at Harris Teeter that ...

  • Page 12
    Ruddick Corporation and Subsidiaries annual report 2002 Our position as one of two significant global sewing thread providers gives us access to manufacturers around the world, and our concentration on technology enables us to provide high-quality thread, meeting the strictest performance standards...

  • Page 13
    Ruddick Corporation and Subsidiaries annual report 2002 ~Serving Customers Globally~ During fiscal 2002 we accomplished two major objectives. We consolidated our finishing plants here in the U.S. This was a major accomplishment and significantly reduced our costs, putting us in position to achieve...

  • Page 14
    ... Corporation and Subsidiaries annual report 2002 responsive to our customers and that make it easier for our customers to do business with us. A&E's order management system, Anesyst®, has been very well received by our customers. Anesyst is a business to business, web-based order and inventory...

  • Page 15
    ... Corporation and Subsidiaries annual report 2002 In fact, A&E completed fiscal year 2002 without a single lost-time accident in the United States. We see our commitment to safety and environmental responsibility as an important component in our efforts to provide the best products and service...

  • Page 16
    ... and CEO Canal Holdings, LLC Isaiah Tidwell Georgia Wealth Management Director and Executive Vice President Wachovia Corporation CORPORATE OFFICERS Thomas W. Dickson President and Chief Executive Officer John B. Woodlief Vice President - Finance and Chief Financial Officer Douglas A. Stephenson...

  • Page 17
    ...annual report 2002 SHAREHOLDER INFORMATION Corporate Address 301 S.Tryon St. Suite 1800 Charlotte, NC 28202 704-372-5404 Dividend Reinvestment and Stock Purchase Plan Ruddick Corporation maintains a Dividend Reinvestment and Stock Purchase Plan for shareholders of record. Information on this plan...

  • Page 18
    ... | american & efird 301 s. tryon street suite 1800 charlotte, nc 28202 704-372-5404 www.ruddickcorp.com Ruddick Corporation is a holding company which operates two wholly owned subsidiaries - Harris Teeter, a leading regional supermarket chain, and American & Efird, one of the world's largest...