Publix earnings under pressure in Q1 2026
Publix Super Markets Q1 sales gained 2% YoY to USD16.1 billion from USD15.8 billion, while LFL sales were flat. The US grocer said sales growth was reduced by the Medicare maximum fair price change, which lowered prices for 10 drugs from 1 January 2026. Net earnings fell 21.5% to USD794 million from USD1 billion. CEO Kevin Murphy said associates continued to support customer service and local communities. (Publix)
