Harris Teeter 2004 Annual Report Download

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ACommitment To Succeed
Ruddick Corporation Annual Report ’04
HARRIS TEETER + AMERICAN & EFIRD

Table of contents

  • Page 1
    A Commitment To Succeed Ruddick Corporation Annual Report '04 H A RRI S T EET ER + A M ERI CA N & EFI RD

  • Page 2
    ...: Net pre-tax charges of $47,140,000 ($28,655,000 after income tax benefits, or $0.62 per diluted share) related to asset impairments and other exit costs and $20 million of additional income taxes ($0.43 per diluted share) related to a settlement with the Internal Revenue Service. 2 53-week year...

  • Page 3
    ... in fiscal 1996. 2 O perating Profit, Net Income, Net Income Per Share - Diluted and related returns include the following exit and impairment charges and tax settlement, which are more fully described in the Company's annual report on Form 10-K: Fiscal 2004: Exit and impairment charges at A&E of...

  • Page 4
    ... continued growth of supercenters, chain drug stores and dollar stores has resulted in more retail formats vying for customers' food dollars. At the same time, customers expect great values and great service regardless of where they shop. PG Ruddick Corporation & Subsidiaries Annual Report '04 1

  • Page 5
    ... Chief Financial Officer We believe our Very Important Customer (VIC) rewards program is one of the most successful in the industry, creating customer loyalty through special pricing, product giveaways and sweepstakes. In addition, the knowledge we gather about our customers' buying habits as well...

  • Page 6
    ... their passion for excellent customer service, and all they do on a day-to-day basis that demonstrates their commitment to not only their success but the success of Ruddick as well. Thomas W. Dickson President and Chief Executive O fficer PG Ruddick Corporation & Subsidiaries Annual Report '04 3

  • Page 7
    ... Customer (VIC) program and other sources of information on current trends allows H arris Teeter to continually adapt its merchandising strategy and product assortment in each department to meet our customers' changing needs and desires. PG 4 Ruddick Corporation & Subsidiaries Annual Report...

  • Page 8
    ...service, well-trained and motivated associates, and a corporate culture that encourages adaptation to an ever-changing environment. The benefit of this approach is evident in our results for 2004 - a year that was difficult for retail in general and the supermarket industry in particular. Sales rose...

  • Page 9
    ... Teeter's Fresh Foods Department are continually refined to satisfy the needs of customers who are on the go but want excellent quality and great service. This, combined with the service and value provided by our private label programs such as H arris Teeter R eserve® A ngus Beef, H arris Teeter...

  • Page 10
    .... At fiscal year end H arris Teeter had 138 stores in North Carolina, Virginia, South Carolina, Georgia, Tennessee and Florida. Although the food retail marketplace is expected to continue to experience intense competition, H arris Teeter is in a strong position in its markets and continues to adapt...

  • Page 11
    ...a key to our success in the thread manufacturing business. Garment design rooms utilize A merican & Efird's Global Color Palette and R etail Thread Cabinet to select from 1,024 color shades that are available throughout our global network. PG 8 Ruddick Corporation & Subsidiaries Annual Report '04

  • Page 12
    ... braiding, ripcords, markers, and other custom applications. Global Availability also means Global Responsibility. Years ago, we adopted a Global Code of Conduct that is applicable everywhere American & Efird does business. Included in the PG Ruddick Corporation & Subsidiaries Annual Report '04 9

  • Page 13
    ..., is another way we assure global consistency of product quality, service and support. Effectively communicating with our customers and adapting in ways to assure global consistency will continue to bring us success in the future. PG 10 Ruddick Corporation & Subsidiaries Annual Report '04

  • Page 14
    ... main tools we have for managing our communications is Anesyst ®, a web-based business-to-business tool that ties us together with our customers. With Anesyst ®, our customers can fill out an electronic order form with the ship-to location, the style number of the product they are sewing, and the...

  • Page 15
    ...Winget, III Senior Vice President - Global Supply Chain O perations Robert C. Dagley Group Vice President - Manufacturing Kenneth S. Dellinger Group Vice President - Manufacturing Albert L. Irvine, Jr. Group Vice President - Sales - NAFTA PG 12 Ruddick Corporation & Subsidiaries Annual Report '04

  • Page 16
    ... to attend. Annual Reports Including Form 10-K Additional copies of the Company's Form 10-K are available without charge upon written request or by telephone. Written requests may be directed to the Investor Relations Department, Ruddick Corporation, 301 S.Tryon St., Suite 1800, Charlotte, NC 28202...

  • Page 17
    Ruddick Corporation H A RRI S T EET ER + A M ERI CA N & EFI RD 301 S. Tryon Street Suite 1800 Charlotte, NC 28202 704- 372- 5404 w w w.RuddickCorp.com Ruddick Corporation is a holding company w ith tw o w holly- ow ned operating subsidiaries- Harris Teeter, a leading regional supermarket chain, and...