LAKELAND, Fla. â€” Rising internal costs and a struggling customer base combined to send net income down by 18.9% in the third quarter at Publix Super Markets, the retailer here said Monday. Publix said sales for the quarter improved 3.7% to $5.8 billion, with comparable-store sales rising by 1.2%. Net earnings, however, fell to $201.8 million from $249 million in the same period a year ago. Publix stock, which is not publicly traded, decreased from $19.70 per share to $17.90 per share based ...
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 complimentary access to the SN salary survey data tables.
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.