ORLANDO, Fla. - 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.
This browser does not support the Video element.