Publix Q1 Earnings Slip on Flat Comps

Publix Q1 Earnings Slip on Flat Comps

Publix posted softer earnings but better sales on flat comps for its first quarter ended March 28. Sales for the quarter were $16.1 billion, up 2% from $15.8 billion in the year-earlier quarter, Publix reported. The increase in sales was lowered by the impact of the...
Publix Q1 Earnings Slip on Flat Comps

Publix Q1 Comps, Adjusted Earnings Advanced

In its first quarter, which ended March 29, Publix’s comparable sales and adjusted earnings gained momentum. Net earnings were $1.01 billion versus $1.37 billion in the year-earlier quarter, with earnings per share slipping to 31 cents from 41 cents, the company...