LAKELAND, Fla. -- Publix Super Markets here said last week sales and earnings increased for the second quarter and six months ended June 26.
or the quarter and 5.3% for the half.
The company said net income rose 31.3% to $116.1 million for the quarter and 13.1% to $234.7 million for the half.
Capital expenditures for the six-month period totaled approximately $242.7 million, the company said, up 51.4% from $160.3 million a year ago.
According to the company, the money was spent to open 14 new stores, remodel or expand 37, close seven locations and acquire nine Atlanta-area store sites from A&P, Montvale, N.J., for an overall increase in square footage of 390,000, or 1.5%.
During the first six months of 1998, the company opened 19 new stores, remodeled or expanded 14 and closed five stores, for an increase of 850,000 square feet, or 2.8%.