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Publix Reports Second Quarter 2011 Results and Stock Price

LAKELAND, Fla., Aug. 1, 2011 — Publix’s sales for the second quarter of 2011 were $6.6 billion, a 5.8 percent increase from last year’s $6.2 billion. Comparable-store sales for the second quarter of 2011 increased 4.2 percent.

Net earnings for the second quarter of 2011 were $382.4 million, compared to $348.4 million in 2010, an increase of 9.7 percent. Earnings per share for the second quarter increased to $0.48 for 2011, up from $0.44 per share in 2010.

Publix’s sales for the first half of 2011 were $13.4 billion, a 5.1 percent increase from last year’s $12.7 billion. Comparable-store sales for the first half of 2011 increased 3.5 percent.

Net earnings for the first half of 2011 were $780.5 million, compared to $712.8 million in 2010, an increase of 9.5 percent. Earnings per share increased to $0.99 for the first half of 2011, up from $0.91 per share in 2010.

These amounts are based on unaudited reports that will be filed later this week with the U.S. Securities and Exchange Commission (SEC). The company’s quarterly report to the SEC, Form 10-Q, will be available Aug. 4 on its website at www.publix.com/stock.

Effective Aug. 1, 2011, Publix’s stock price increased from $21.65 per share to $22.05 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

I’m proud our good operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “I congratulate our associates for continuing to deliver premier service.”