LAKELAND, Fla. -- Publix Supermarkets here said its sales for the third quarter increased 7.2% to $3.5 billion.
cents in the previous-year quarter. Same-store sales were up 3.7%.
Based on the most recent appraisal, Publix's stock price decreased from $47.50 to $41 in the quarter.
Commented Charlie Jenkins Jr., Publix chief executive officer, "Our valuation was impacted by the significant stock market decline during the third quarter.