Publix Revenue Grows In Q3

Publix reported solid revenue gains in the third quarter with comparable store sales growth a key driver. 

For the three months ended September 30, total sales were $14 billion, a 7.2% increase over the comparable quarter the previous year. Comparable store sales for the same period increased 4.3%. Net earnings in the quarter were $833 million, compared to $394 million in 2022. Earnings per share increased to $0.25 per share, up from $0.12 per share in 2022. 

Sales at Publix for the nine months ended September 30 were $42.4 billion, an 8.1% increase from $39.2 billion in 2022. Comparable store sales for the period increased 5.6%. Net earnings for the year’s first nine months were $3.2 billion, compared to $1.6 billion in 2022. Earnings per share were $0.95 per share, up from $0.48 per share in 2022. 

“Our associates make a difference in the lives of our customers and communities every day,” said Publix CEO Todd Jones. “I’m proud of their efforts and commitment.”