Harris Teeter Supermarkets, Inc.(HTSI)- NYSE
HTSI is defunct.
  • Jan. 29, 2014, 8:01 AM
    • Kroger (KR) says it expects to maintain its 2.00-2.20 net debt to EBITDA ratio after allocating more free cash flow to debt reduction in the wake of its merger with Harris Teeter (HTSI).
    • The grocery store operator projects to see EPS accretion of $0.06-$0.09 in the first full year after the merger.
    • Thomas Dickson, the former Chairman and CEO of Harris Teeter, has retired, according to Kroger.
    | Jan. 29, 2014, 8:01 AM
  • Nov. 21, 2013, 4:46 PM
    • Harris Teeter Supermarkets, Inc. (HTSI) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 1.21%
    • Payable Jan 1; for shareholders of record Dec. 13; ex-div Dec. 11.
    | Nov. 21, 2013, 4:46 PM
  • Oct. 4, 2013, 6:47 AM
    • Shareholder of Harris Teeter (HTSI) approve the merger of the company with Kroger (KR).
    • The deal is expected to be finalized sometime during Q4.
    | Oct. 4, 2013, 6:47 AM
  • Aug. 15, 2013, 4:19 PM
    • Harris Teeter Supermarkets, Inc. (HTSI) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 1.22%
    • Payable Oct. 1; for shareholders of record Sept. 6; ex-div Sept. 4.
    | Aug. 15, 2013, 4:19 PM
  • Aug. 1, 2013, 5:37 PM
    • Harris Teeter (HTSI): FQ3 EPS of $0.65 misses by $0.03.
    • Revenue of $1.19B beats by $0.96B. (PR)
    | Aug. 1, 2013, 5:37 PM
  • Jul. 12, 2013, 1:45 PM

    Remember when Wal-Mart (WMT -0.2%) was supposed to crush regional grocery store chains into submission? Though the Bentonville giant accounts for a formidable 30% of all grocery sales in the U.S., regional brands such as Hy-Vee, Piggly Wiggly, and Save-A-Lot (SVU) to name a few have survived primarily on brand loyalty. The trend adds logic to the decision by Kroger (KR) to keep its chain distinct from Harris Teeter (HTSI).

    | Jul. 12, 2013, 1:45 PM | 7 Comments
  • Jul. 10, 2013, 9:56 AM
    Analyst reaction to the Kroger (KR +0.9%) - Harris Teeter (HTSI +0.1%) merger continues to pour in with the general consensus take seeing the combination as a positive. The increased exposure in the Mid-Atlantic and Southeast should help Kroger meet or exceed its guidance on synergies while keeping the brands distinct should alleviate concerns from consumers that Harris Teeter stores - perceived as cleaner and more modern - will suffer.
    | Jul. 10, 2013, 9:56 AM | 1 Comment
  • Jul. 9, 2013, 8:07 AM

    More on Kroger (KR) - Harris Teeter (HTSI): The combined grocery operator will have 2,631 supermarkets operating across 34 states with the deal appearing to be focused on squeezing cost savings from the increased scale. Kroger says it will attempt to maintain its 2.00 - 2.20 debt -to-EBITDA ratio after the deal closes by paying down some debt. The narrow 1.8% premium paid to Harris Teeter shareholders is reflective of the 34% runup the stock has seen since the company announced it was exploring strategic alternatives. HTSI +1% premarket to $49.00.

    | Jul. 9, 2013, 8:07 AM
  • Jul. 9, 2013, 7:13 AM

    More on Kroger (KR) - Harris Teeter (HTSI): As part of the acquisition, Kroger will assume $100M in outstanding debt but indicates it will continue with its quarterly dividend. The grocery store chain expects to add $0.06 to $0.09 to EPS in accretive value in the first full year after the merger due to the significant cost savings it will churn up.

    | Jul. 9, 2013, 7:13 AM | 1 Comment
  • Jul. 9, 2013, 7:07 AM

    Kroger (KR) acquires Harris Teeter (HTSI) for $49.38 in a deal valued close to $2.5B. The deal price marks a 33.7% premium over Harris Teeter's closing price the day it announced it was exploring strategic alternatives.

    | Jul. 9, 2013, 7:07 AM | 2 Comments
  • Jun. 26, 2013, 11:14 AM

    Cerberus Capital Management has submitted a bid for Harris Teeter Supermarkets (HTSI +2.7%), according to inside sources. The grocery store operator previously revealed in a SEC filing that it was in talks with an interested party - but it's still not known if a sale would involve only parts of the company or the whole ball of wax.

    | Jun. 26, 2013, 11:14 AM
  • Jun. 26, 2013, 10:19 AM
    Shares of Harris Teeter Supermarkets (HTSI +2.5%) spike higher before settling back down as chatter picks up that Cerberus will make a bid for the grocery store operator. WSJ's Sharon Terlep tweeted that the publication is working on a story on the potential deal.
    | Jun. 26, 2013, 10:19 AM
  • Jun. 6, 2013, 10:13 AM

    The headaches continue for the grocery store sector (SVU, KR, SWY, RNDY, HTSI) as Amazon and Wal-Mart (WMT +0.4%) circle around like hungry vultures. Though both companies are only in the early stages (AmazonFresh, Neighborhoods Market) of their grocery initiatives, analysts think their considerable distribution prowess makes them a long-term threat. Reuters' Jessica Wohl has the factoid of the day: "A Walmart grocery distribution center can house up to 4 million bananas at one time."

    | Jun. 6, 2013, 10:13 AM | 5 Comments
  • May 30, 2013, 8:00 AM

    A new report from Rabobank concludes consumers are trading down when buying groceries or moving up to the premium sector as they slowly abandon the mid-market. It's a trend which could benefit both Wal-Mart (WMT) and Whole Foods Market (WFM) as they continue to chip away at sales at traditional grocery chains (KR, SWY, SVU, RNDY, HTSI) from different directions.

    | May 30, 2013, 8:00 AM | 3 Comments
  • May 10, 2013, 11:02 AM
    Harris Teeter (HTSI +0.8%) says talks with a number of potential buyers are still going on as the company explores a number of strategic initiatives. Investor looking to catch a M&A-fueled rally in shares might be late to the party with HTSI +21% since buyout chatter first started.
    | May 10, 2013, 11:02 AM
  • May 3, 2013, 6:50 AM
    Harris Teeter (HTSI): Q1 EPS of $0.62 beats by $0.02. Revenue of $1.17B misses by $0.01B. (PR)
    | May 3, 2013, 6:50 AM