Publix Q3 sales up 5.1% to $7.4 billion

LAKELAND, Fla. — Publix sales for the third quarter of 2014 totaled $7.4 billion, a 5.1% increase, the grocer announced Monday. Comparable-store sales for the third quarter of 2014 increased 5%.

 

Net earnings for the third quarter of 2014 were $384.2 million, an increase of 6.8%. Earnings per share for the third quarter increased to $0.49 for 2014, up from $0.46 per share in 2013.

 

Publix sales for the first nine months of 2014 were $22.7 billion, a 5.3% increase, while same-store sales were up 5% in that period. 

 

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.”