US retailer Publix has announced that sales during the fourth quarter remained relatively stable when compared with 2008, with slim growth of 1 per cent to US$6.1bn, while comparable store sales fell 2.5 per cent.
Net earnings for the quarterly period stood at US$284m, up 14.1 per cent from the US$249m recorded in 2008, with earnings per share increasing to US$0.36 from US$0.31 last year.
Sales for the fiscal year ended 26 December 2009 were US$24.3bn, a 1.6 per cent increase on 2008's full-year result of US$23.9bn, while comparable-store sales for the year fell 3.2 per cent.
Net earnings for the year totalled US$1.2bn, climbing 6.6 per cent on the previous year's US$1.1bn, while yearly earnings per share amounted to US$1.47 from US$1.33 in 2008.
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