LAKELAND, FL - Publix has released a strong Q1 2015 financial report, and the company has signaled increases in both sales and net earnings.
Publix’s sales for the first quarter of 2015 were $8.3 billion, a 6.8 percent increase from last year's $7.8 billion.
"I'm delighted we had another significant increase in our stock price," said Publix CEO Ed Crenshaw. "I want to thank our associates for delivering premier customer service that makes shopping a pleasure."
As we've previously reported, Publix has recently been setting its sights on expansion, setting aside $1.3 billion for new stores. The company has also purchased two Lowes Foods locations within the last month.
Other highlights from the report include:
- Comparable-store sales for the first quarter of 2015 increased 5.3 percent.
- Net earnings for the first quarter of 2015 were $548.9 million, compared to $493.7 million in 2014, an increase of 11.2 percent.
- Earnings per share for the first quarter increased to $0.71 for 2015, up from $0.63 per share in 2014.
- Effective May 1, 2015, Publix's stock price increased from $39.05 per share to $42.10 per share.
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