LAKELAND, Fla.--(BUSINESS WIRE)--Publix’s sales for the third quarter of 2014 were $7.4 billion, a 5.1 percent increase from last year’s $7 billion. Comparable-store sales for the third quarter of 2014 increased 5 percent.
Net earnings for the third quarter of 2014 were $384.2 million, compared to $359.9 million in 2013, an increase of 6.8 percent. Earnings per share for the third quarter increased to $0.49 for 2014, up from $0.46 per share in 2013.
Publix’s sales for the first nine months of 2014 were $22.7 billion, a 5.3 percent increase from last year’s $21.6 billion. Comparable-store sales for the first nine months of 2014 increased 5 percent.
Net earnings for the first nine months of 2014 were $1.3 billion, compared to $1.2 billion in 2013, an increase of 4.1 percent. Earnings per share increased to $1.64 for the first nine months of 2014, up from $1.58 per share in 2013.
These amounts are based on unaudited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at www.publix.com/stock.
Effective Nov. 1, 2014, Publix’s stock price decreased from $33.85 per share to $33.80 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 pleased that our Publix associates delivered strong results,” said Publix CEO Ed Crenshaw. “Unfortunately, these results were not enough to offset challenges in the stock market.”
Publix is privately owned and operated by its 172,000 employees, with 2013 sales of $28.9 billion. Currently Publix has 1,090 stores in Florida, Georgia, Alabama, South Carolina, Tennessee and North Carolina. The company has been named one of FORTUNE's “100 Best Companies to Work For in America” for 17 consecutive years. In addition, Publix's dedication to superior quality and customer service is recognized as tops in the grocery business, most recently by an American Customer Satisfaction Index survey. For more information, visit the company's website, www.publix.com.