Publix Net Income, Sales Rise in Q1

For the first quarter of fiscal 2014, Publix net earnings were $493.7 million compared to $471.3 million in 2013, while earnings per share increased to 63 cents from 61 cents per share in the year-prior period. Comparable-store sales advanced 4% versus the year earlier.

Sales were $7.8 billion, up 4.1% over the year-earlier period, Publix announced.

The company estimated that sales for the quarter were negatively impacted by 1.3% due to the Easter holiday shift versus the year prior.