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August 2, 2013

US: H1 profit, sales climb at retailer Publix

US regional retailer Publix saw its earnings and sales climb in the first half of the year.

US regional retailer Publix saw its earnings and sales climb in the first half of the year.

In the six month period, earnings reached US$872.1m, compared to a net profit of $791m last year, an increase of 10.3%.

Sales grew 5% to reach $14.5bn, while comparable-store were up 3%.

In the second quarter, earnings were up 5% to $400.9m, while sales grew 3.8% to $7bn.

Publix, however, said sales were negatively impacted by around 1.3 percentage points due to the Easter holiday being in the first quarter of 2013 but in the second quarter of 2012. Comparable-store sales increased 2.1%.

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