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Publix Releases Q2 Results


Supermarket chain, Publix, that is not public-traded, released limited Q2 financial data on August 1st for the period ending June 25th.  Sales attained $13,035 million compared to $11,927 million for the 2nd Quarter of 2021.  Net earnings were $628 million compared to $1,009 million in Q2 of 2021. Earnings per share attained $0.18 compared to $0.29 in Q2 2021. Gross margin declined from 28.0 percent in Q2 2021 to 26.7 percent for the most recent quarter.


According to the Publix SEC Q10 submission total assets were $30,375 million with long-term debt and lease obligations of $3,017 million.


Share price was adjusted downward from $14.91 to $13.84 on August 1st.


In commenting on results Todd Jones, CEO stated, “Unfortunately, our results were not enough to offset challenges in the stock market”