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Publix Reports First Quarter Results and Stock Price

LAKELAND, Fla., May 3, 2010 — Publix’s sales for the first quarter of 2010 were $6.5 billion, a 2.1 percent increase from last year’s $6.4 billion. Comparable-store sales for the first quarter of 2010 increased 0.9 percent.

Net earnings for the first quarter of 2010 were $364.4 million, compared to $321.5 million in 2009, an increase of 13.3 percent. Earnings per share for the first quarter increased to $0.47 for 2010, up from $0.41 per share in 2009.

These amounts are based on unaudited reports that will be filed later this week with the U.S. Securities and Exchange Commission (SEC). The company’s quarterly report to the SEC, Form 10-Q, will be available May 6 on its website at www.publix.com/stock.

Effective May 1, 2010, Publix’s stock price increased from $17.35 per share to $18.50 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

“I’m proud of all the Publix associates who have worked hard to continue delivering premier customer service in these difficult times,” said Publix CEO Ed Crenshaw. “Our improved operating performance is a result of their hard work and dedication.”