A fall in second-quarter earnings has failed to stop employee-owned US retailer Publix from reporting half-year profits.

Publix, which operates 1,055 stores in the south of the US, said today (1 August) its net earnings dipped 0.2% in the second quarter of 2012 to US$381.6m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, the retailer booked a 1.3% rise in first-half earnings to $791m.

A 3.2% increase in second-quarter sales to $6.8bn led to a 3.7% gain in the first half to $13.4bn.

Quarterly comparable-store sales were up 1.9%. In the first half, comparable-store sales rose 2.6%.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.