LAKELAND, Fla. — Publix Super Markets here on Thursday said sales and earnings increased during the second quarter, despite the effects of a shift in Easter holiday sales.
Net earnings improved 5% to $400.9 million on sales of $7 billion. Sales increased by 3.8% and comparable-store sales improved 2.1% during the quarter, despite a negative effect on sales of 1.3% resulting from Easter sales recorded in the second quarter last year falling into the first quarter this year.
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Publix’s net earnings for the first half of 2013 were $872.1 million, a 10.3% increase, while sales for the first half of 2013 were $14.5 billion, a 5% increase over year-ago results. Comparable-store sales for the first half of 2013 increased 3%.
Publix’s stock price increased from $26.90 per share to $27.55 per share. Publix stock is not publicly traded and is made available for sale only to Publix employees and members of its board of directors.
“I’m proud our operating performance resulted in another increase in our stock price,” Ed Crenshaw, Publix’ chief executive officer, said in a statement. “Our Publix associates continue to work hard every day to deliver premier customer service that makes shopping a pleasure.”
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