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Publix Posts Sales, Earnings Gains in Q3

LAKELAND, Fla. — Publix Super Markets here on Monday reported gains in sales and earnings for the third quarter, which ended Sept. 30.

LAKELAND, Fla. — Publix Super Markets here on Monday reported gains in sales and earnings for the third quarter, which ended Sept. 30.

Net earnings of $283.2 million increased 11.1% on a sales gain of 3.5% to $6 billion. Comparable-store sales increased 2.7% for the quarter.

For the first nine months of 2010, Publix reported sales of $18.8 billion, a 3% increase, with comps up 1.8%.

Publix stock effective Monday increased to $19.85 a share from $18.45 per share. Publix stock is not publicly traded and is available only to employees and members of the company’s board of directors.