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LAKELAND, Fla. -- Regional retailer Publix Super Markets here reported another solid quarter yesterday, with total sales up 6.7 percent to $5.9 billion, and comparable-store sales up 5.1 percent.
Net earnings for the first quarter were $317.6 million, an increase of 10.1 percent, the chain said. Earnings per share were $0.38, compared to $0.34 in 2006, after adjusting for the 5-for-1 stock split effective July 1, 2006.
Based on the most recent appraisal, Publix's stock price increased $1 from $19.90 per share to $20.90 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.