Publix Posts Sales, Earnings Gains in Q4

LAKELAND, Fla. — Publix Super Markets [3] here said Thursday that net income rose 16.8% and sales were up 13.4% in the 14-week fourth quarter of 2011, vs. the 13-week fourth quarter of 2010.

Net earnings totaled $399.5 million on sales of $7.2 billion. The extra week increased sales by 7.6%, Publix said. Comparable-store sales for the period were up 5.3%.

For the 53-week fiscal year, sales of $27 billion increased 7.3% and earnings totaled $1.5 billion, an 11.5% gain.

Publix' stock price subsequently increased by $2.20 to $22.40 per share. Publix stock is held only by employees and directors.