Publix Reports Positive Q1
LAKELAND, Fla. -- Publix Super Markets here said yesterday that sales for the first quarter of 2006 were approximately $5.5 billion, a 7.2 percent increase from last year. Comparable-store sales increased 5 percent. The figures did not include Easter sales, which fell in the retailer's second quarter.
Net earnings for the first quarter were $288.4 million this year, compared to $259.1 million in 2005, an increase of 11.3 percent. Earnings per share were $1.70 for the quarter, compared to $1.50 per share.
These amounts are based on unaudited reports that will be filed next week with the U.S. Securities and Exchange Commission, the company said.
"I'm proud that our Publix associates continue to make us the leader in our industry," Publix c.e.o. Charlie Jenkins Jr. said in a statement. "Their efforts and improvements in the stock market have resulted in another increase in our stock price."
Based on the most recent appraisal, Publix's stock price increased from $80.50 per share to $88.25 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 $288.4 million this year, compared to $259.1 million in 2005, an increase of 11.3 percent. Earnings per share were $1.70 for the quarter, compared to $1.50 per share.
These amounts are based on unaudited reports that will be filed next week with the U.S. Securities and Exchange Commission, the company said.
"I'm proud that our Publix associates continue to make us the leader in our industry," Publix c.e.o. Charlie Jenkins Jr. said in a statement. "Their efforts and improvements in the stock market have resulted in another increase in our stock price."
Based on the most recent appraisal, Publix's stock price increased from $80.50 per share to $88.25 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.