Publix showed gains across comps, sales and earnings for both its fourth quarter and fiscal year.
Sales for the fourth quarter ended December 28, 2019 were $9.8 billion, a 5.1% increase from $9.3 billion in 2018. Comparable store sales increased 3.6%.
Net earnings in the fourth quarter were $789.3 million, compared to $407 million in 2018. Earnings per share increased to $1.11 per share, up from $0.57 per share in 2018. Net earnings and earnings per share were impacted by net unrealized gains and losses on equity securities, the company said.
Publix’s sales for the fiscal year were $38.1 billion, a 5.6% increase from $36.1 billion in 2018. Comparable store sales for the fiscal year increased 3.6%.
Net earnings for the fiscal year were $3 billion, compared to $2.4 billion in 2018, an increase of 26.2%. Earnings per share for the fiscal year increased to $4.21 per share, up from $3.28 per share in 2018.