Promotions, inflation drive Publix Q3 sales

Comparable store sales at Publix Super Markets increased by 5% in the fiscal third quarter, but increased promotional activity and holding back of cost inflation drove margins down slightly.

The Lakeland, Fla., retailer said sales for the period, which ended Sept. 28, totaled $7.4 billion, a 5.2% increase from the same period a year ago. Comps were driven by increased customer counts refelecting an improving economic enviro

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