Publix Reports Third Quarter 2014 Results and Stock Price
LAKELAND, Fla., Nov. 3, 2014 — Publix' sales for the third quarter of 2014 were $7.4 billion, a 5.1 percent increase from last year' $7 billion. Comparable-store sales for the third quarter of 2014 increased 5 percent.
Net earnings for the third quarter of 2014 were $384.2 million, compared to $359.9 million in 2013, an increase of 6.8 percent. arnings per share for the third quarter increased to $0.49 for 2014, up from $0.46 per share in 2013.
Publix's sales for the first nine months of 2014 were $22.7 billion, a 5.3 percent increase from last year's $21.6 billion. Comparable-store sales for the first nine months of 2014 increased 5 percent.
Net earnings for the first nine months of 2014 were $1.3 billion, compared to $1.2 billion in 2013, an increase of 4.1 percent. Earnings per share increased to $1.64 for the first nine months of 2014, up from $1.58 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 Nov. 1, 2014, Publix's stock price decreased from $33.85 per share to $33.80 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 that our Publix associates delivered strong results," said Publix CEO Ed Crenshaw. "Unfortunately, these results were not enough to offset challenges in the stock market."