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Publix Stock Drops Another Dime

Publix Super Markets here this week said the value of its stock, which is not publicly traded but is owned by current and former employees, was appraised at $20.70 per share, down from $20.80 in the preceding quarterly evaluation and from $20.90 in the quarter before that.

LAKELAND, Fla. — Publix Super Markets here this week said the value of its stock, which is not publicly traded but is owned by current and former employees, was appraised at $20.70 per share, down from $20.80 in the preceding quarterly evaluation and from $20.90 in the quarter before that. The company, which operates about 928 supermarkets in the Southeast, posted a 6.5% gain in net income for the fourth quarter, to $311 million, on a 6.1% increase in sales, to $5.9 billion. Comparable-store sales were up 3.6%. For the full year, net income rose 7.9%, to $1.2 billion, on a 6.3% increase in sales, to $23 billion. Comps for the full year were up 4.3%. “Our operating performance continues to be solid under difficult economic conditions,” said Charles Jenkins Jr., chief executive officer.

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