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PUBLIX POSTS 31% PROFIT GAINS IN 4Q

LAKELAND, Fla. -- Publix Super Markets here last week said its net income for the fourth quarter ended Dec. 25 totaled $232.9 million, an increase of 31% over results from the year-ago period.4 million, on a 10.7% increase in sales, to $18.6 billion. Comparable-store sales were up 5.7% for the year.Earnings per share were $1.34 for the fourth quarter and $4.64 for the year, up from 99 cents and $3.59

LAKELAND, Fla. -- Publix Super Markets here last week said its net income for the fourth quarter ended Dec. 25 totaled $232.9 million, an increase of 31% over results from the year-ago period.

4 million, on a 10.7% increase in sales, to $18.6 billion. Comparable-store sales were up 5.7% for the year.

Earnings per share were $1.34 for the fourth quarter and $4.64 for the year, up from 99 cents and $3.59 in the year-ago periods, respectively.

The company said the price of its stock -- which is not publicly traded and is available only to employees and directors -- was $64 based on its most recent appraisal, up $5.50 from the previous appraisal.