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Publix CEO Ed Crenshaw said he looks forware to an improving economy as the currentrturmoil “continues to affect our results and stock The Lakeland, Fla.-based grocery chain recorded a 6 percenrt drop in net earnings to $321.5 milliomn in the latest quarter, comparedr to $343.2 million in 2008. Its earnings per sharew were flat this quarter at41 However, the company’s overall sales were up 2.2 percenyt to $6.4 billion, versus last year’s $6.2 billion, while its comparable-stor e sales for the firsyt quarter of 2009 were down 2.8 As of Friday, the company’s stock price dipped to $15.55 per sharwe from $16.10.
Publix stock is not publicly traded and is made available for sale only to current Publix associatess and members of its boardof directors. Publi Super Markets Inc., a privately owned grocedr with 140,000 employees, operates several locations inthe Birmingham-Hoover metro area.
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