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Publix Reports 1B-Dollar Gain in Third Quarter 2023 Results; Todd Jones Comments

Publix Reports 1B-Dollar Gain in Third Quarter 2023 Results; Todd Jones Comments


LAKELAND, FL
Monday, November 6th, 2023

Publix is making big gains, and I’m not talking about muscle mass. The retailer recently released the results of its quarterly financial performance, revealing a $1 billion gain for the three months ended September 30. Its sales for the period reached $14 billion, which is a 7.2 percent increase from the $13 billion reached during that time in 2022.

Todd Jones, Chief Executive Officer, Publix“Our associates make a difference in the lives of our customers and communities every day,” commented Todd Jones, Publix’s Chief Executive Officer, alongside the release of these results. “I’m proud of their efforts and commitment.”

Also revealed in the report, Publix’s net earnings for the three months ended September 30, 2023, were $833 million, compared to $394 million in 2022; this represents an increase of 111.4 percent.

For the full nine months ending September 30, 2023, the company reached net earnings of $3.2 billion. In 2022, the grocer reported $1.6 billion in net earnings, showing a 93.4 percent increase for this year.

Publix's sales for the three-month period reached $14 billion, a 7.2 percent increase from $13 billion in 2022

Publix also reported the following financial highlights:

  • Sales for the nine-month period were $42.4 billion, an 8.1 percent increase from $39.2 billion in 2022
  • Comparable store sales for the nine months increased 5.6 percent
  • Earnings per share for the three months ended September 30, 2023, increased to $0.25 per share, up from $0.12 per share in 2022

For further information, click here.

As we continue to keep an eye on Publix, check back with DMN for the latest news.

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