LAKELAND, FL - Publix has posted its Q4 2014 and fiscal year 2014 financial reports. Publix’s sales for the fiscal year 2014 were $30.6 billion, a 5.7% increase from last year. Comparable-store sales for 2014 increased 5.4%.
Publix’s sales for the fourth quarter of 2014, were $7.9 billion, a 6.9% increase from last year. Comparable-store sales for the fourth quarter of 2014 increased 6.4%, according to the report.
“I’m extremely pleased our performance and improvements in the stock market resulted in a significant increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates — the owners of Publix — continue to deliver exceptional customer service, the key to our success.”
Additional highlights from the report include:
- Net earnings for the fourth quarter of 2014 were $453.3 million, an increase of 7.4%.
- Earnings per share for the fourth quarter increased to $0.58 for 2014.
- Net earnings for 2014 were $1.74 billion, an increase of 4.9%.
- Earnings per share increased to $2.23 for 2014, up from $2.12 per share in 2013.
Following the release of the financial report, Publix’s stock price increased from $33.80 per share to $39.05 per share.
Stay tuned to AndNowUKnow for the latest updates on the evolving retail financial landscape.
