Publix Sales, Earnings Slow in Q4

LAKELAND, Fla. -- Publix Super Markets here said yesterday that net income for the fourth quarter was down 1%, to $291.9 million, on a 3.2% decrease in sales, to $5.6 billion.

LAKELAND, Fla. -- Publix Super Markets here said yesterday that net income for the fourth quarter was down 1%, to $291.9 million, on a 3.2% decrease in sales, to $5.6 billion. The recent period included one less week than the prior-year span. Excluding the additional week, sales rose 3.8%, the company said. Comparable-store sales were up 2.4% for the quarter. Net income for the full year was up 10.9%, to $1.1 billion, on a sales gain of 5.2%, to $21.7 billion. Excluding the additional week in 2005, sales for 2006 would have increased by 7.2%. Comparable-store sales for 2006 increased 5.2%.