Thursday, June 16, 2011

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

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percent increase in salesx during the first quarter of 2009from $6.2 billiom to $6.4 billion. However, comparable-store sales were down nearly 3 percent. That allowed Publi to earn $321.5 million, or 41 centsw per share, although that was down more than 6 perceng fromthe $343.2 or 41 cents per share, tallied the year according to a release. Publix remains a private company, but offers stocok to its employees and members of its board of Beginning Friday, Publix stock price will drop from $16.10 to “The economy continues to affect our results and stocok price,” said Ed Crenshaw, Publix’s chief executivee officer in the release.
“Wer look forward to an improving The stock is availableto Publix’s 140,000 employees in 1,005 stores in Florida, Georgia, South Carolina, Alabama and

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