LAKELAND, FL - Publix has once again reported an increase in sales and net earnings, marking another positive quarter in 2015.
In the second quarter, Publix reported that its sales increased 6 percent to $8 billion from last year’s $7.5 billion. Net earnings increased 19.5 percent to $482.7 million, compared to $404.1 million in 2014.
“I’m very pleased that our Publix associates delivered excellent results,” Ed Crenshaw, Publix’s CEO, said in a press release. “Unfortunately, these results were not enough to offset challenges in the stock market.”
For the first half of 2015, Publix’s sales were $16.3 billion, a 6.4 percent increase from last year’s $15.3 billion.
Publix’s stock price decreased from $42.10 per share to $42.00 per share.
Other highlights from the quarter include:
- Earnings per share for Q2 2015 increased to $0.62 for 2015, up from $0.52 per share in 2014. For the first half of 2015, earnings per share increased to $1.33, up from $1.15 per share in 2014.
- Comparable store sales for Q2 2015 increased 4.1 percent. For the first half of 2015, comparable store sales increased 4.7 percent.
- Net earnings for the first half of 2015 were $1 billion, compared to $897.8 million in 2014, an increase of 14.9 percent.
Publix currently operates 1,103 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, and North Carolina. The company is privately owned and operated by its 177,500 employees, with 2014 sales of $30.6 billion.
To view Publix’s Q1 2015 financial results, click here.
Is Publix on the way to beating its 2014 sales record? Stay tuned to AndNowUKnow as we continue to follow this retailer’s financial performance.
