Publix Q1 Sales Rise 2%, While Earnings Fall on Drug Pricing Impact

Publix posted higher first-quarter sales but lower earnings, as the grocer said a Medicare drug pricing change weighed on results.

For the three months ended March 28, 2026, Publix reported sales of $16.1 billion, up 2% from $15.8 billion a year earlier. Comparable-store sales were flat.

The company said the sales increase was dampened by the Medicare maximum fair price change that took effect Jan. 1, 2026, lowering prices for 10 drugs and reducing...

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