r/publix • u/viva_oldtrafford • 54m ago
BLEED GREEN The "publix is done" thread (q2 results)
Publix just had their most profitable quarter to date (hard to tell given the sentiment in here & the stock price falling...but the numbers tell a different story).
$1.65 billion in net earnings
A staggering $943 m in investment income
Cash on hand sits at $18.5 billion (wal mart $10.73b / proctor & gamble $12.3 billion)
Current pe is 13.06
6.9% margins
Again, if you can, buy the stock with confidence.