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%.
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.
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