Publix Q1 profit up 9.3%

Lakeland, Fla. -- Publix Supermarkets said Monday that sales and earnings rose in the first quarter. Net earnings rose 9.3% to $398.2 million, compared with $364.4 million in 2010.

Sales for the first quarter totaled $6.8 billion, and same-store sales rose 2.8%.

“Although the economy continues to be weak, I’m pleased our strong operating performance resulted in another increase in our stock price,” said Ed Crenshaw, Publix’s CEO, said in a statement.

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