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Publix Reports 2.2B Gain in Q2 2023 Results; Todd Jones Details

Publix Reports 2.2B Gain in Q2 2023 Results; Todd Jones Details


LAKELAND, FL
Friday, August 11th, 2023

Publix has officially rolled out its financial earnings for Q2 2023, showing a successful quarter for the retailer. In the three-month period that ended July 1, 2023, the company saw an 8.9 percent increase in sales, rising from $12.9 billion in 2022 to $14.1 billion. The grocer’s sales for the six months were $28.4 billion, increasing 8.6 percent or $2.2 billion from $26.2 billion in 2022.

Todd Jones, Chief Executive Officer, Publix“As we enter the last half of the year, our associates remain focused on operational excellence and providing premier customer service,” said Publix Chief Executive Officer Todd Jones. “I’m so thankful to serve with them in making shopping at Publix a pleasure.”

Comparable store sales for the three months increased 6.2 percent, while the six months showed an increase of 6.3 percent. Net earnings for the three months were $1.1 billion, compared to $628 million in 2022, an increase of 74.7 percent. Six months’ net earnings were $2.3 billion compared to $1.2 billion in 2022, an increase of 87.6 percent.

Publix’s sales for the six months were $28.4 billion, an 8.6 percent increase or $2.2 billion gain from $26.2 billion in 2022

More information on Publix’s earnings can be found here.

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