Publix Logs 5.1 Percent Jump in Comps
LAKELAND, Fla. -- Regional retailer Publix Super Markets here reported another solid quarter yesterday, with total sales up 6.7 percent to $5.9 billion, and comparable-store sales up 5.1 percent.
Net earnings for the first quarter were $317.6 million, an increase of 10.1 percent, the chain said. Earnings per share were $0.38, compared to $0.34 in 2006, after adjusting for the 5-for-1 stock split effective July 1, 2006.
Based on the most recent appraisal, Publix's stock price increased $1 from $19.90 per share to $20.90 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.
Net earnings for the first quarter were $317.6 million, an increase of 10.1 percent, the chain said. Earnings per share were $0.38, compared to $0.34 in 2006, after adjusting for the 5-for-1 stock split effective July 1, 2006.
Based on the most recent appraisal, Publix's stock price increased $1 from $19.90 per share to $20.90 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.