LAKELAND, Fla. -- Sales gains related to the four major hurricanes that struck Florida this year more than offset inventory losses due to power outages at Publix Super Markets, the retailer said last week. Comparable-store sales for the quarter increased 4.6%. Net earnings during the quarter increased 36.5% to $183.7 million. Publix estimated inventory losses and other expenses as a result of the hurricanes were $63 million. Publix's stock is owned by the company's employees and is not ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.