Skip navigation

Publix sales soar in Q4

Publix Super Markets on Monday said sales in its fiscal fourth quarter improved by 6.9% to $7.4 billion, with comparable-stores improving by 6.4%. Net earnings were $453.3 million, compared to $422 million for the same period in 2013, an increase of 7.4%.

Earnings per share for the fourth quarter increased to 58 cents for 2014. Publix stock is available only to its employees and directors. Its price was adjusted to $39.05 per share, a 15% increase, based on the quarterly results.

“I’m extremely pleased our performance and improvements in the stock market resulted in a significant increase in our stock price,” Publix CEO Ed Crenshaw said in a statement. “Our associates — the owners of Publix — continue to deliver exceptional customer service, the key to our success.”

For the fiscal year, the Lakeland, Fla.-based company's sales improved 5.7% to $30.6 billion, with comps increasing by 5.4%. Net earnings for the year of $1.74 billion increased by 5.4%.

Suggested Categories More from Supermarket News

 

TAGS: News Publix
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish