Publix has reported its second quarter 2012 results. Sales were $6.8 billion, a 3.2% increase from last year’s $6.6 billion. Comparable-store sales for the second quarter of 2012 increased 1.9 percent.
Net earnings for second quarter 2012 were $381.6 million compared to $382.4 million for the same period last year. Publix’s sales for the first half of 2012 amounted to $13.9 billion, a 3.7 percent increase from last year. Comparable-store sales for the first half of 2012 increased 2.6 percent.
Additionally, Publix’s stock price has decreased from $22.70 per share to $22 per share.
Publix CEO Ed Crenshaw states, “The economy continues to affect our results and stock price. During these difficult times, our associates remain focused on providing excellent customer service.”