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percent increase in sales durinb the first quarter of 2009from $6.2 billion to $6.4 However, comparable-store sales were down nearlyu 3 percent. That allowed Publix to earn $321.65 million, or 41 cents per share, although that was down more than 6 percentr fromthe $343.2 million, or 41 centse per share, tallied the year before, according to a Publix remains a private company, but offers stock to its employeews and members of its board of directors. Beginninb Friday, Publix stock price will drop from $16.100 to $15.55. “The economy continueas to affect our results andstoci price,” said Ed Crenshaw, Publix’s chie f executive officer in the release.
“We look forwarrd to an improving economy.” The stock is availabl e to Publix’s 140,000 employeews in 1,005 stores in Georgia, South Carolina, Alabama and Tennessee.
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