Publix Super Markets on Monday said sales for the fourth quarter totaled $7.4 billion, a 5.3% increase from the same period a year ago.
Comparable-store sales for the period increased by 4.3%. Net earnings for the quarter, which ended Dec. 28, were $422 million, up by 7.4%. For the fiscal year, Publix reported earnings of $1.7 billion, a 6.6% increase from 2012, on sales of $28.9 billion. Total sales improved by 5.2% and comps for the year increased by 3.6%.
The company said its stock, available only to directors and employees, increased in price to $30.15 per share from $30.
“I’m pleased our operating performance resulted in another increase in our stock price,” Publix CEO Ed Crenshaw said in a statement. “Our associates — the owners of Publix — deserve the credit for this achievement.”
|Suggested Categories||More from Supermarketnews|