Publix Super Markets enjoyed robust growth in sales and earnings in the first quarter, according to company figures released Friday.
First-quarter 2015 sales rose to $8.3 billion, a 6.8% increase over last year’s $7.8 billion, while comparable-store sales increased 5.3% for the Lakeland, Fla.-based chain.
Net earnings for Q1 2015 were $548.9 million, compared with $493.7 million in 2014, an increase of 11.2%. Earnings per share increased to 71 cents, up from 63 cents last year.
Publix’s stock price rose from $39.05 per share to $42.10 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 delighted we had another significant increase in our stock price,” said Publix CEO Ed Crenshaw. “I want to thank our associates for delivering premier customer service that makes shopping a pleasure.”
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