By Meredith - September 1, 2017

Publix announces second quarter 2017 results

Sales

2017*
$8.4 billion
2016
$8.1 billion
% change
+3.6

 

Comparable-store sales

2017*
+1.6%
2016
+1.1%
% change

 

Net earnings

2017*
$495.1 million
2016
$478.2 million
% change
+3.5

 

Earnings per share

2017*
$0.65
2016
$0.62
% change
+4.8

 
Publix Stock Price
Aug. 1, 2017………………$36.05

May 1, 2017……………….$39.15

March 1, 2017…………….$40.90

Nov. 1, 2016………………$40.15

Aug. 1, 2016………………$41.90

* Sales for the second quarter of 2017 were positively impacted by 1.2 percent due to the effect of the Easter holiday being in the second quarter in 2017. In 2016, the effect of the Easter holiday was in the first quarter.

“This has been a tough quarter for supermarket companies in the stock market,” said CEO & President Todd Jones. “We continue to be focused on growing sales and profits while providing premier customer service.”