Publix Q1 profit up 4.8%

Lakeland, Fla. -- Publix reported that its profit rose 4.8% to $493.7 million in its first quarter.



Sales increased 4.1% to $7.8 billion, with a 4% increase in same-store sales.



Publix estimated that its sales were negatively impacted by 1.3% due to the later Easter this year.



Effective May 1, Publix’s stock price increased from $30.15 per share to $32.50 per share. Publix stock is not publicly traded and is available only to current Publix employees and members of its board of directors.