Publix Super Markets reported a 5.3% increase in Q4 2013 sales, rising to $7.4 billion from $7.0 billion in 2012.
Q4 2013 net earnings experienced the most significant improvement, increasing 7.4% from $392.8 million to $422 million YOY.
Net earnings and total sales for the fiscal year also were on the upswing. The fiscal year, which ended Dec. 28, 2013, closed out at $28.9 billion in total sales, a 5.2% boost from 2012. Comparable-store sales also saw a YOY increase of 3.6%.
“I’m pleased our operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates — the owners of Publix — deserve the credit for this achievement.”
The stock price for Publix increased from $30 a share to $30.15 per share. As a privately owned and operated company, Publix only makes stock available for sale to current Publix associates and members of the company’s board of directors.
