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Wednesday, March 03, 2021

Publix Pandemic Sales Increase

 Interesting numbers, starting with increased sales.   A kind of behavioral measure of interest.  Much more at the link.

Publix Super Markets: For the full fiscal 2020 year, Publix saw net earnings rise by $1 billion to $4 billion.   Publix says pandemic boosted fiscal 2020 sales by 12.1% ... 

By Russell Redman ... '  in Supermarket News

Publix Super Markets tallied big sales and earnings gains for its 2020 fourth quarter and fiscal year, fueled by booming consumer demand for food and groceries amid the COVID-19 pandemic.

For the quarter ended Dec. 26, sales climbed 14.8% to $11.2 billion from $9.8 billion a year earlier, with same-store sales rising 13.4% year over year, Publix reported yesterday. The Lakeland, Fla.-based grocer estimated that the pandemic’s impact lifted sales for the period by 8.7%, or about $850 million. ... ' 

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