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Publix Sales, Earnings Rise in 2Q

Earnings at Publix Super Markets improved by 16.1% to $306.4 million during the second quarter, while comparable-store sales climbed by 4% over the prior-year period, the company said yesterday.

LAKELAND, Fla. — Earnings at Publix Super Markets here improved by 16.1% to $306.4 million during the second quarter, while comparable-store sales climbed by 4% over the prior-year period, the company said yesterday. Sales increased by 5.9% to $5.7 billion. Publix’s stock, privately held by the company’s directors and employees, remained at $20.90 per share, based on its most recent appraisal. “I’m pleased our good results were able to offset relatively poor stock market performance,” Charlie Jenkins Jr., Publix’s chief executive officer, said in a statement.

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