BRIEF: Publix Super Markets net earnings rose 26 percent in 3Q to $255 million

Tue. November 03, 2009; Posted: 05:44 PM

Nov 03, 2009 (Sun Sentinel - McClatchy-Tribune Information Services via COMTEX) -- PUSH | Quote | Chart | News | PowerRating -- Lakeland-based Publix Super Markets said Monday its unaudited net earnings for the third quarter of 2009 climbed 26.3 percent to $254.9 million, up from $201.8 million in the same quarter of 2008.

Sales for the quarter rose 0.5 percent to $5.83 billion, compared with the year-ago quarter of $5.8 billion. Earnings per share increased to 32 cents a share, versus 25 cents in the prior-year period. Comparable-store sales for the period fell 4.7 percent, the company said.

The employee-owned company said its stock price also rose 25 cents to $16.30 a share from $16.05. The stock is only sold to Publix employees and board members.

Publix has 1,015 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. The supermarket chain had sales of $23.9 billion in 2008.

Arlene Satchell can be reached at Asatchell@SunSentinel.com or 954-356-4209. Follow her on Twitter.com @TheSatchreport.

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