Publix’s Earnings, Stock Tumble in Q3

Rising internal costs and a struggling customer base combined to send net income down by 18.9% in the third quarter at Publix Super Markets, the retailer said Monday.

LAKELAND, Fla. — Rising internal costs and a struggling customer base combined to send net income down by 18.9% in the third quarter at Publix Super Markets, the retailer here said Monday. Publix said sales for the quarter improved 3.7% to $5.8 billion, with comparable-store sales rising by 1.2%. Net earnings, however, fell to $201.8 million from $249 million in the same period a year ago. Publix stock, which is not publicly traded, decreased from $19.70 per share to $17.90 per share based on

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