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Publix Profits Spike 15% for First Quarter

Publix Profits Spike 15% for First Quarter


Lakeland, FL
By Delimarket.TV Staff

Publix has reported financial results for the first quarter of 2013, noting profits that bumped up 15.1% from $409.4 million to $471.3 million.

Net sales increased by 6.1 percent from $7.1 billion to $7.5 billion. The Easter holiday increased sales by approximately 1.3 percent.
Comparable-store sales for the first quarter of 2013 increased 3.9 percent.
Earnings per share for the first quarter increased from $.52 per share to $.61, which benefitted from the Easter holiday in the first quarter of 2013.

Effective May 1, 2013, Publix’s stock price increased from $23.20 per share to $26.90 per share.
“I’m very pleased that our strong operating performance and improvements in the stock market resulted in a significant increase in our stock price,” said Publix CEO Ed Crenshaw. “I want to thank our associates—the owners of Publix—for continuing to make us a leader in our industry.”
Publix

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