NEWS WATCH: PUBLIX POSTS 10.6% SALES GAIN; PROFITS RISE 27.4%...GIANT TO EXIT MANUFACTURING, SELL HEADQUARTERS...RALEY'S ADOPTS EDLP STRATEGY; 5,700 ITEMS REDUCED...

PUBLIX POSTS 10.6% SALES GAIN; PROFITS RISE 27.4%aid last week sales increased 10.6%, to $5.1 billion, and comparable stores increased 6.4%, during its fiscal first quarter ended March 26. The company earned $259.1 million, or $1.50 per share during the quarter, an increase of 27.4%. Publix's stock, which is available only to employees and directors and is not publically traded, increased 3.9% to

PUBLIX POSTS 10.6% SALES GAIN; PROFITS RISE 27.4%

aid last week sales increased 10.6%, to $5.1 billion, and comparable stores increased 6.4%, during its fiscal first quarter ended March 26. The company earned $259.1 million, or $1.50 per share during the quarter, an increase of 27.4%. Publix's stock, which is available only to employees and directors and is not publically traded, increased 3.9% to $66.50, the company added. Gross profit as a percent of sales increased to 27.2%, f

Register to view the full article