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Publix posts Q2 sales, earnings gains
Publix Super Markets said Friday that sales for the second quarter of 2014 were $7.5 billion, a 6.6% increase from last year’s $7 billion.
August 1, 2014
1 Min Read
Publix Super Markets said Friday that sales for the second quarter of 2014 were $7.5 billion, a 6.6% increase from last year’s $7 billion. Sales for the second quarter of 2014 were positively impacted 1.3% due to the Easter holiday being in the second quarter of 2014 but the first quarter of 2013.
Net earnings improved 0.8% to $404.1 million. Comparable-store sales rose 6.3% during the quarter.
Publix’s net earnings for the first half of 2014 were $897.8 million, compared to $872.1 million in 2013, an increase of 2.9%. Sales were $15.3 billion, a 5.3% increase from last year’s $14.5 billion, and comparable-store sales increased 5.1%.
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Publix’s stock price increased from $32.50 per share to $33.85 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
“This is our eight consecutive quarter with an increase in our stock price,” said Publix CEO Ed Crenshaw, in a statement. “Our associate owners deserve the credit for continuing to make us a leader in our industry.”
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