Publix sees $200 million spike in profits from tax act

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Publix Super Markets Inc. said Thursday that its fourth-quarter profits were bolstered by the Trump tax plan, ringing up at $200 million more than they would have otherwise. The Lakeland-based grocer's net profits in the fourth quarter were $766.6 million, compared to $544.5 million in 2016 — an increase of more than 40 percent. Were it not for the tax act, profits would have been down slightly in the fourth quarter, $542.4 million. The tax act also boosted overall profits for 2017, which were...

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