This year’s earlier Easter and better underlying sales have helped first-quarter profits at US retailer Publix.
The company, which has over 1,060 stores in five south-eastern US states, booked a 15.1% increase in net earnings to US$471.3m.
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Sales were up 6.1% at $7.5bn. Comparable-store sales increased 3.9%. Publix said having Easter in the first three months of 2013 – as opposed to last year’s second quarter – boosted sales by 1.3%, Publix said.
