Publix Posts Sales Gains in Q4, Year
Publix Super Markets Inc. has reported fourth quarter sales for 2013 of $7.4 billion, an increase of 5.3 percent from last year’s $7 billion. The Lakeland, Fla.-based grocer also posted a 4.3 increase in comparable-store sales for Q4 2013.
The grocer’s Q4 net earnings were $422 million, compared to $392.8 million in 2012, an increase of 7.4 percent.
Publix’s full-year sales were $28.9 billion -- a 5.2 increase from last year’s $27.5 billion -- as well as a 3.6 percent increase in comparable-store sales. Net earnings for 2013 were $1.7 billion, a 6.6 percent increase from last year’s $1.6 billion.
Additionally, Publix’s stock price increased from $30 per share to $30.15 per share, effective March 1. Publix stock is not publicly traded and is made available for sale to the grocer’s current associates and members of its board of directors.
“I’m pleased our operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates — the owners of Publix — deserve the credit for this achievement.”
Publix operates 1,077 stores in Florida, Georgia, Alabama, South Carolina, Tennessee and North Carolina. The company has been named one of Fortune’s “100 Best Companies to Work For in America” for 17 consecutive years.