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Publix profit drops, sales jump in Q3

November 1, 2019 - Publix Super Markets Inc. reported net earnings of $574 million on sales of $9.3 billion in sales for the third quarter of 2019, compared to net earnings of $677.7 million on sales of $8.8 billion in the same quarter in 2018. Hurricane Dorian contributed about 0.9 percent to the sales increase for the just-ended quarter, a news release said, while net unrealized gains and losses on equity securities were the reason for the profit drop. Comparable store sales for the three months ended Sept. 28 increased 4.3 percent. The stock price increased from $44.10  a share to $47.10 a share, effective Nov. 1. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

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