US supermarket chain Publix has reported a 10% rise in profits for the first quarter of the year.

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Publix, based in Florida, said yesterday (1 May) that net earnings for the quarter reached US$317.6m, up 10.1% on the year. The company saw sales rise 6.7% to $5.9bn.


Publix is the largest employee-owned supermarket chain in the US and operates over 900 stores in the south-east of the country.


The company will report its quarterly figures to the US Securities Exchange Commission on 10 May.

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