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Publix sales, earnings up in Q2

Publix sales, earnings up in Q2

Publix Super Markets on Monday said sales during the fiscal second quarter increased by 6% to $8 billion, with comparable-store sales up by 4.6%.

Net earnings for the quarter were $482.7 million, an increase of 19.5% from the same period last year. Earnings per share for the quarter increased to 62 cents from 52 cents.

Publix said its company stock — which is available only to Publix’s employees and directors — was adjusted downward to $42 a share from $42.10.

“I’m very pleased that our Publix associates delivered excellent results,” Publix CEO Ed Crenshaw said in a statement. “Unfortunately, these results were not enough to offset challenges in the stock market.”

Net earnings for the first half of 2015 were $1 billion, an increase of 14.9%, while sales climbed 6.4% to $16.3 billion. Publix, Lakeland, Fla., operates 1,103 stores in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina.

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