ST. PETERSBURG, Fla. — Publix has seen a huge increase in sales while the grocery store has remained open during the coronavirus pandemic.
The chain’s sales for the three months that ended June 27, were $11.4 billion, a 21.8 percent increase from $9.3 billion in 2019.
Comparable store sales for the three months that ended June 27 increased 19.9 percent.
The company estimates its sales for those three months increased approximately $1.5 billion or 16.1 percent due to the impact of the coronavirus pandemic.
Publix says these figures are based on unaudited financial statements that will be filed Tuesday with the U.S. Securities and Exchange Commission and made available on the company’s website.
As of Aug. 1, Publix’s stock price increased from $50.10 per share to $54.35 per share. The company's stock is not publicly traded and is made available only to current Publix associates and members of its board of directors.
“Our associates’ efforts to serve our customers and communities have been remarkable,” said Publix CEO Todd Jones. “I want to thank our associates for the comfort they bring to our customers and their fellow associates during this difficult time. It is heartwarming to see how much they care.”
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