Publix reports Q2 earnings of US$382.4M, up 9.7% from year-ago quarter; sales rose 5.8% to US$6.6B, comparable-store sales increased 4.2%
August 1, 2011
– Publix’s sales for the second quarter of 2011 were $6.6 billion, a 5.8 percent increase from last year’s $6.2 billion. Comparable-store sales for the second quarter of 2011 increased 4.2 percent.
Net earnings for the second quarter of 2011 were $382.4 million, compared to $348.4 million in 2010, an increase of 9.7 percent. Earnings per share for the second quarter increased to $0.48 for 2011, up from $0.44 per share in 2010.
Publix’s sales for the first half of 2011 were $13.4 billion, a 5.1 percent increase from last year’s $12.7 billion. Comparable-store sales for the first half of 2011 increased 3.5 percent.
Net earnings for the first half of 2011 were $780.5 million, compared to $712.8 million in 2010, an increase of 9.5 percent. Earnings per share increased to $0.99 for the first half of 2011, up from $0.91 per share in 2010.
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 Aug. 4 on its website at www.publix.com/stock.
Effective Aug. 1, 2011, Publix’s stock price increased from $21.65 per share to $22.05 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 our good operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “I congratulate our associates for continuing to deliver premier service.”
Publix is privately owned and operated by its 148,500 employees, with 2010 sales of $25.1 billion. Currently Publix has 1,036 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. The company has been named one of FORTUNE’s “100 Best Companies to Work For in America” for 14 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized as tops in the grocery business, most recently by an American Customer Satisfaction Index survey. For more information, visit the company’s website,
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