Publix Reports Third Quarter 2012 Results and Stock Price

LAKELAND, Fla., Nov. 1, 2012 — Publix's sales for the third quarter of 2012 were $6.7 billion, a 4.4 percent increase from last year’s $6.4 billion. Comparable-store sales for the third quarter of 2012 increased 2.5 percent.

Net earnings for the third quarter of 2012 were $368.4 million, compared to $311.9 million in 2011, an increase of 18.1 percent. Earnings per share for the third quarter increased to $0.47 for 2012, up from $0.40 per share in 2011.

Publix's sales for the first nine months of 2012 were $20.5 billion, a 3.9 percent increase from last year's $19.7 billion. Comparable-store sales for the first nine months of 2012 increased 2.6 percent.

Net earnings for the first nine months of 2012 were $1.2 billion, compared to $1.1 billion in 2011, an increase of 6.1 percent. Earnings per share increased to $1.48 for the first nine months of 2012, up from $1.39 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 Nov. 8 on its website at www.publix.com/stock.

Effective Nov. 1, 2012, Publix's stock price increased from $22.00 per share to $22.50 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.

"Although the economy continues to be weak, I’m pleased with the improvement in our operating results and stock price," said Publix CEO Ed Crenshaw. "I congratulate our associates for continuing to deliver exceptional customer service."