Publix Reports First Quarter 2012 Results and Stock Price
LAKELAND, Fla., May 1, 2012 — Publix's sales for the first quarter of 2012 were $7.1 billion, a 4.2 percent increase from last year's $6.8 billion. Comparable-store sales for the first quarter of 2012 increased 3.3 percent.
Net earnings for the first quarter of 2012 were $409.4 million, compared to $398.2 million in 2011, an increase of 2.8 percent. Earnings per share for the first quarter increased to $0.52 for 2012, up from $0.51 per share in 2011.
These amounts are based on unaudited reports that will be filed next week with the U.S. Securities and Exchange Commission (SEC). The company's quarterly report to the SEC, Form 10-Q, will be available May 10 on its website at www.publix.com/stock.
Effective May 1, 2012, Publix's stock price increased from $22.40 per share to $22.70 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
"I'm pleased we had another increase in our stock price during a time of economic challenges," said Publix CEO Ed Crenshaw. "Our associates deserve the credit for continuing to make us a leader in our industry."