business news in context, analysis with attitude

  • Publix Super Markets reported that second quarter net income grew 23.5 percent to $199.4 million, compared with the second quarter a year ago. Sales were up 10 percent to $4.5 billion, and same-store sales were up 4.9 percent.

    For the first half of the year, Publix had sales of $9.2 billion, up 9.1 percent over a year ago, and income was $402.8 million, up 15.5 percent.

  • Procter & Gamble Co. reported fourth quarter earnings of $1.37 billion, up from $955 million in a same period a year ago. Sales increased to $12.96 billion from $10.92 billion a year earlier.

    For the fiscal year, P&G earned $6.48 billion on sales of $51.4 billion, up from 2003 earnings of $5.19 billion on sales of $43.3 billion. It was the first time that P&G’s annual sales topped $50 billion.

KC's View: