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Q2 sales, comps up for Publix as stock price drops

LAKELAND, Fla. — Publix on Wednesday posted sales of $6.8 billion for second quarter 2012, up 3.2%. Comparable-store sales for the second quarter increased 1.9%.

The amounts are based on unaudited reports that will be filed Aug. 9 with the U.S. Securities and Exchange Commission, the grocer reported.

Effective Aug. 1, Publix’s stock price decreased from $22.70 per share to $22.00 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.

"The economy continues to affect our results and stock price," Publix CEO Ed Crenshaw said. "During these difficult times, our associates remain focused on providing excellent customer service."

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