business news in context, analysis with attitude

• Publix Super Markets said yesterday that its fourth quarter sales were $6 billion, up 2.6 percent from the same period a year ago, on same-store sales that were down 0.9 percent. Q4 net earnings were $249 million, down from $311 million a year ago.

Publix said that its annual sales for the 2008 fiscal year were $23.9 billion, up four percent from last year's $23 billion, on same-store sales that were up 1.3 percent. Net earnings for 2008 were $1.1 billion, compared to $1.2 billion for 2007, a decrease of 8 percent.

KC's View: