Q1 comp sales up 3.3% across Publix

LAKELAND, Fla. — Publix’s sales for the first quarter of 2016 totaled $8.7 billion, the grocer reported Monday, a 4.5% increase from the same period last year. Comparable-store sales for the first quarter of 2016 increased 3.3%. The company estimates sales increased 1.2% due to the effect of the Easter holiday being in the first quarter of 2016. 

 

“I’m pleased that our Publix associates delivered strong results,” said Publix CEO and president Todd Jones. “Unfortunately, these results were not enough to offset the challenges in the stock market.”

 

Effective May 1, 2016, Publix’s stock price decreased from $45.20 per share to $43.95 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.