Publix Profits Spike 15% for First Quarter


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Wed. May 1st, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Lakeland, FL</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By ANUK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">5.2.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Publix has reported financial results for the first quarter of 2013, noting profits that bumped up 15.1% from $409.4 million to $471.3 million.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/hl_publix_may_2013_BANNER.jpg" alt="Cropped Images May 1st 2013" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Net sales increased by 6.1 percent from $7.1 billion to $7.5 billion. The Easter holiday increased sales by approximately 1.3 percent.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Comparable-store sales for the first quarter of 2013 increased 3.9 percent.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Earnings per share for the first quarter increased from $.52 per share to $.61, which benefitted from the Easter holiday in the first quarter of 2013.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/hl_publix_may_2013_body00.jpg" alt="Cropped Images May 1st 2013" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Effective May 1, 2013, Publix’s stock price increased from $23.20 per share to $26.90 per share.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“I’m very pleased that our strong operating performance and improvements in the stock market resulted in a significant increase in our stock price,” said Publix CEO Ed Crenshaw. “I want to thank our associates—the owners of Publix—for continuing to make us a leader in our industry.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.publix.com/index.jsp" target="_new">Publix</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">