LAKELAND, Fla. — Publix Super Markets here on Monday said its second-quarter net income was up 9.7%, to $382.4 million, as comparable-store sales rose 4.2%.
Total sales for the period were up 5.8%, to $6.6 billion. The company's stock, which is not publicly traded, increased in value to $22.05 per share, from $21.65.
Through the first half, Publix said net income was up 9.5%, to $780.5 million, on a 5.1% increase in sales, to $13.4 billion. First-half comps rose 3.5%.
"I'm proud our good operating performance resulted in another increase in our stock price," said Publix Chief Executive Officer Ed Crenshaw. "I congratulate our associates for continuing to deliver premier service."
Publix operates 1,036 stores in Florida, Georgia, South Carolina, Alabama and Tennessee.