Publix Sees Sales Rise in Q4 2013 Financial Results


Sponsored Message
Learn More

Tue. March 4th, 2014 - by Sarah Hoxie

<p> Publix reported net sales reached $7.4 billion, a 5.3% increase from last year’s $7 billion, in its latest fourth quarter earnings result for 2013. Net earnings for its fourth quarter were $422 million, a 7.4% increase from $392.8 million in 2013. Comparable-store sales increased 4.3%, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> “I’m pleased our operating performance resulted in another increase in our stock price,” said Ed Crenshaw, CEO, noting that the company’s stock price increased to $30.15 per share from $30.00. “Our associates – the owners of Publix – deserve the credit for this achievement.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Net earnings for 2013 totaled $1.7 billion, a 6.6% increase from the previous year’s $1.6 billion. Total sales for the fiscal year were $28.9 billion, a 5.2% increase from the previous year’s $27.5 billion. Comparable-store sales increased 3.6% in 2013.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.publixstockholder.com/servlet/ProxyServlet?path=/stockholder/Home.do" target="_new"> Publix</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">