Dive Brief:
- Publix announced Friday its sales rose 7.3% year over year in the second quarter to $15.6 billion and comparable-store sales increased 6%.
- The Florida grocer’s net earnings of $1.4 billion in Q2, which ended June 28, jumped more than 41% compared to the same period last year.
- Publix said its Q2 results benefited from Easter falling during Q2 this year. The impact on inflation on product costs also influenced comp-store sales, Publix said in a regulatory filing.
Dive Insight:
Publix continues to record financial growth as the grocer approaches its 95th anniversary.
Sales and comp-store sales both increased year over year for the six months ended June 28, up 6% and 5%, respectively.
During the first half of 2025, Publix opened 25 supermarkets and remodeled 47 stores as part of $1 billion in capital expenditures, according to a regulatory filing. For the remainder of the year, Publix expects it will spend roughly $1.5 billion on capital expenditures, primarily for new supermarkets, remodels, construction or expansion of warehouses, technology improvements and shopping center acquisitions.
Publix has steadily increased its capital expenditures budget for the last several years as the grocer continues to expand its operations in the Southeast and grow along the East Coast. Recently, the Florida-based grocer stepped into Kroger’s domain, opening its first store in March in the greater Cincinnati area, where Kroger is headquartered. Publix also opened its first Kentucky store last year and now has four locations in the state, according to its website.
Publix runs more than 1,400 stores across Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky.
On Friday, Publix’s stock, which is only available to company employees and its board members, saw its price increase from $20.20 per share to $21.15.
