Report: Publix sees $2.5 billion increase in sales due to COVID-19 pandemic

A new report shows that Publix has seen a $2.5 billion increase in sales due to the COVID-19 pandemic. 

According to the Orlando Sentinel, Publix has made about $2.5 billion more in sales because of the COVID-19 pandemic in the first half of the year.

They said that over 1,250 grocery stores reported that sales for the three months ending on June 27th were $11.4 billion, which is an increase of 21.8 percent from $9.3 billion in that same quarter last year. Other stores were reportedly up about 19.9 percent.

Publix estimated that sales in the second quarter increased about $1.5 billion because of the pandemic, the Sentinel said. The first three months of the year also saw a $1 billion boost in sales. 

RELATED: Chicken tender 'Pub Subs' are on sale at Publix this week

Then, the Sentinel said that net earnings for the second quarter were $1.4 billion compared to $666.1 million last year. Without those, earnings in the quarter were said to be $978.3 million, compared to $637 million in 2019.

Publix also reportedly increased its stock price on Saturday from $50.10 to $54.35. That is an 8.5 percent jump. 

CLICK HERE FOR COMPLETE CORONAVIRUS COVERAGE

Tune in to FOX 35 Orlando for the latest coronavirus news.