Publix Super Markets on Tuesday said sales improved by 4.5% in the fourth quarter to $8.2 billion, while earnings improved by 15% to $521.1 million.
Comparable-store sales improved by 3.2% in the quarter.
For the fiscal year, the Lakeland, Fla., company reported earnings of $2 billion, a 13% increase, on sales of $32.4 billion. Sales increased by 5.9% for the fiscal year, while comps for the year were up by 4.2%.
“I’m pleased to report another year with excellent results,” CEO Ed Crenshaw said in a release. “Our associates deserve the credit for continuing to make us a leader in customer service.”
Effective Tuesday, Publix’s stock price increased from $41.80 per share to $45.20 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.
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