Tuesday, October 9, 2012

Sales up, profit drops at Publix - Jacksonville Business Journal:

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percent increase in saleas during the first quarter of 2009from $6.2 billio to $6.4 billion. However, comparable-store sales were down nearl y 3 percent. That allowed Publix to earn $321.5t million, or 41 cents per although that was down more than 6 percentt fromthe $343.2 million, or 41 centw per share, tallied the year according to a Publix remains a private but offers stock to its employees and membersw of its board of directors. Beginninh Friday, Publix stock price will drop from $16.10 to $15.55. “The economyu continues to affect our results andstoc price,” said Ed Crenshaw, Publix’s chiet executive officer in the release.
“We look forwar to an improving economy.” The stock is available to Publix’z 140,000 employees in 1,005 stores in Georgia, South Carolina, Alabama and Tennessee.

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