LAKELAND, Fla. — Publix Super Markets here reported a rare decline in comparable-store sales last week, amid a weak economic environment and increasing price competition in Florida (see story, Page 12).
The company reported a 20% decline in fourth-quarter net income, to $249 million, on a 2.6% increase in sales, to $6 billion. Comparable-store sales fell 0.9%.
For the full year, net income was down 8%, to $1.1 billion, on a 4% gain in sales, to $23.9 billion. Comparable