Publix posts significant Q1 sales gains

LAKELAND, Fla. — Publix’ sales for the first quarter of 2015 totaled $8.3 billion, the copmany reported Friday, a 6.8% increase from last year. Comparable-store sales for the first quarter of 2015 increased 5.3%.

 

Net earnings for the first quarter of 2015 were $548.9 million, compared to $493.7 million in 2014, an increase of 11.2%. Earnings per share for the first quarter increased to $0.71 for 2015, up from $0.63 per share in 2014.

 

Effective May 1, 2015, Publix’s stock price increased 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.”