Publix Sees Strong Q2 Sales Growth
Publix reported strong second-quarter results with total sales up 7.3% and significant gains in comparable store sales.
For the three months ended June 28, total sales reached $15.6 billion. Company officials attributed part of this increase to the shift of the Easter holiday from the first quarter of 2024 to this year’s second quarter. Comparable store sales for the quarter rose 6%.
Net earnings for the quarter were $1.4 billion, a 41.5% increase from $972 million in the second quarter of 2024. Earnings per share climbed to $0.42, up from $0.29 per share in the comparable quarter the previous year.
Publix's sales for the first six months of the year totaled $31.4 billion, a 6.2% increase from $29.6 billion in 2024. Comparable store sales for the six-month period increased 5%.
Net earnings for the first half of the year were $2.4 billion, up 2.1% from $2.3 billion in 2024. Earnings per share increased to $0.73, up from $0.71 per share in 2024.
The strong results in Q2 follows builds off of Publix’s first quarter that saw total sales grow 5.1% and comparable store sales up 4%.
"Next month, we will celebrate Publix’s 95th anniversary," said Publix CEO Kevin Murphy. "I’m proud our associates continue to deliver on the vision our founder had when he started this special company."
Employee-owned Publix has more than 255,000 associates and currently operates more than 1,300 supermarkets in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina, Virginia and Kentucky.