Earnings Rebound for Publix in Q3
Nov 3, 2009 6:00 AM
LAKELAND, Fla. — Publix Super Markets saw earnings rebound in the third quarter despite flat sales and falling comparable-store sales results.
The retailer here on Monday reported quarterly earnings of $254.9 million on sales of $5.8 billion for the period ending Sept. 30. Earnings increased 26.3% from the same period last year, when earnings fell by 18.9%. Sales were up 0.6%, while comparable-store sales fell by 4.7%.
Publix stock, which is available only to directors and employees, increased to $16.30 per share from $16.05 a share, based on an appraisal.
For the nine-month period, Publix reported earnings of $877.3 million — a 4.4% increase — on sales of $18.2 billion. Sales are up 1.2% for the year to date while comps are down by 3.4%.
The company said it would publish more detailed quarterly information with the Securities and Exchange Commission this week.
Read More of Today's Headlines
Read More of Today's Headlines
Acceptable Use Policy blog comments powered by Disqus
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
Rick Brindle
View All Online Grocery Questions
Diane Tielbur
View All Occasion Based Marketing Questions
Viewpoints
advertisement
Most Viewed News
SN Editorial Videos
The Lempert Report
Marketing analysis, issues and trends from supermarket industry analyst Phil Lempert.
The Role of Technology at Save Mart Supermarkets
Aashish Chandra, senior director of IT Save Mart, talks about his company's approach to technology.
SN Sponsored Videos
Pan-Oston Mobile Innovation Centers Tour
The Supermarket Guru shows the front-end technology you can experience during the tour.




ShareThis

David Orgel: 







