Monday, January 30, 2012

Sales up, profit drops at Publix - Tampa Bay Business Journal:

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percent increase in salez during the first quarter of 2009from $6.2 billiobn to $6.4 billion. However, comparable-store salese were down nearly 3 percent. That allowe d Publix to earn $321.5 million, or 41 centsx per share, although that was down more than 6 percenrt fromthe $343.2 or 41 cents per tallied the year before, according to a release. Publi remains a private company, but offers stock to its employeea and members of its board of Beginning Friday, Publix stock price will drop from $16.10o to $15.55. “The economy continues to affectr our results andstock price,” said Ed Publix’s chief executive officer in the “We look forward to an improving economy.
” The stocj is available to Publix’s 140,000 employees in 1,005t stores in Florida, Georgia, South Carolina, Alabamas and Tennessee.

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