Sales, Earnings Up; Stock Down at Publix

LAKELAND, Fla. — Publix Super Markets here yesterday said its stock price decreased by $1.25 from the fourth quarter although sales and earnings improved. Publix’s stock, owned by its directors and employees and not publicly traded, has its price set by appraisers based on market conditions and other factors. It decreased from $20.70 per share to $19.45. For the first quarter, net income of $343.2 million increased by 8.1% compared with the first quarter of 2007, while sales improved 6% to $5.9 billion. Comparable-store sales increased 3.6%, Publix said.

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