LAKELAND, Fla. — Publix Super Markets here said Friday that its net income rose 4% in 2012, on a 1.9% increase in sales, and said its stock hit an all-time high.
Sales would have been up 3.8%, excluding an extra week in fiscal 2011, Publix said.
The extra week, which occurred in the fourth quarter of 2011, also impacted fourth-quarter results. Net income for the 13-week fourth quarter of 2012 totaled $392.8 million, down 1.7% vs. the 14-week fourth quarter of 2011. Sales for the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.