US: Publix Reports Solid FY Growth

Publix Super Markets has reported another set of solid growth figures for its latest fiscal year, as it continues to expand gradually across the US.

For the year ending 31 December 2016, sales were up 5.1% to $34bn, on like-for-like growth of 1.9%, even as net profit rose by 3% to $2.03bn. The chain said it was helped by the presence of an additional week in the fiscal year, which pushed up sales by 1.9%.

Publix currently operates 1,143 stores across Florida, Georgia, Alabama, Tennessee, South Carolina. and North Carolina.