On May 1^st supermarket chain, Publix, a privately held, employee-owned corporation, released limited Q1 FY 2023 financial data for the period ending April 1^st 2023.  Sales for Q1 attained $14,300 million, up 8.2 percent from Q1 2022 at $13,200.  Net earnings were $1,240 million double the $618 million in Q1 of 2022. Earnings per share attained $0.37 adjusted for the 5:1  stock split on April 15^th, compared to $0.18 in Q1 2022. Gross margin was lower from 28.3 percent in Q1 2022 to 27.1 percent for the most recent quarter.

According to the Publix SEC Q-10 submission, total assets on April 1^st were $32,241 million with long-term debt and lease obligations of $3,212 million.

The calculated share price was adjusted upward from $14.97 on May 1^st.

In a terse comment on on results Todd Jones, CEO stated, “I’m proud of our associates, the owners of Publix, for continuing to make us a leader in our industry and providing a great shopping experience.”