Publix Reports First Quarter 2014 Results and Stock Price
LAKELAND, Fla., May 1, 2014—Publix’s sales for the first quarter of 2014 were $7.8 billion, a 4.1 percent increase from last year's $7.5 billion. It is estimated that sales for the first quarter of 2014 were negatively impacted by 1.3 percent due to the Easter holiday being in the second quarter. In 2013, the Easter holiday was in the first quarter. Comparable-store sales for the first quarter of 2014 increased 4.0 percent.
Net earnings for the first quarter of 2014 were $493.7 million, compared to $471.3 million in 2013, an increase of 4.8 percent. Earnings per share for the first quarter increased to $0.63 for 2014, up from $0.61 per share in 2013.
These amounts are based on unaudited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at www.publix.com/stock.
Effective May 1, 2014, Publix’s stock price increased from $30.15 per share to $32.50 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 proud of our Publix associates who continue to deliver premier customer service,” said Publix CEO Ed Crenshaw. “Our good operating performance is a result of their hard work and dedication.”