HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers

Publix Comps Gain Q4 Momentum

Tuesday March 4th, 2014 - 12:25PM


For the fourth quarter of fiscal 2013, Publix Super Markets posted net earnings $422 million versus $392.8 million in the 2012 period, while earnings per share increased to 54 cents, up from 50 cents per share in the year-earlier frame. Comparable store sales for the 2013 fourth quarter increased 4.3%.

Publix's sales in fourth quarter 2013 were $7.4 billion, a 5.3% increase from last year's period.
The company’s full fiscal 2013 net earnings were $1.7 billion, a 6.6% increase from fiscal 2012, while earnings per share increased to $2.12, up from $1.98 per share in the prior year. Comparable store sales advanced 3.6% in 2013 year over year.

Sales were $28.9 billion, a 5.2% increase from fiscal 2012.
On March 1, Publix's share price increased from $30 per share to $30.15, the company pointed out. Publix stock is not publicly traded and available for sale only to current Publix associates and members of the company’s board.

According to a filing with the United States Securities and Exchange Commission, 85% of Publix sales are in grocery while 15% are in other categories including general merchandise such as home goods. Most Publix stores operate pharmacies and floral departments, the filing pointed out.

Publix operates 1,077 supermarkets in Florida, Georgia, Alabama, South Carolina, Tennessee and North Carolina, a market it entered this year.

—mike duff