Publix has reported that sales for the first quarter (Q1) of 2010 were US$6.5bn, a 2.1 per cent increase on last year's quarterly result of US$6.4bn, while comparable store sales climbed slightly by 0.9 per cent.
The Florida, US-based retailer announced that net earnings during the quarter stood at US$364.4m, up from US$321.5m last year, an increase of 13.3 per cent.
Earnings per share for the three-month period therefore increased to US$0.47 this year, up from US$0.41 per share in 2009.
'I'm proud of all the Publix associates who have worked hard to continue developing premier customer service in these difficult times,' said group CEO Ed Crenshaw. 'Our improved operating performance is a result of their hard work and dedication.'
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