Publix Sees Comps Fall in Q4

Publix Super Markets 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

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

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