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Publix Sees Sales Rise in Q4 2013 Financial Results

Publix Sees Sales Rise in Q4 2013 Financial Results


LAKELAND, FL Publix reported net sales reached $7.4 billion, a 5.3% increase from last year’s $7 billion, in its latest fourth quarter earnings result for 2013. Net earnings for its fourth quarter were $422 million, a 7.4% increase from $392.8 million in 2013. Comparable-store sales increased 4.3%, according to a press release. “I’m pleased our operating performance resulted in another increase in our stock price,” said Ed Crenshaw, CEO, noting that the company’s stock price increased to $30.15 per share from $30.00. “Our associates – the owners of Publix – deserve the credit for this achievement.” Net earnings for 2013 totaled $1.7 billion, a 6.6% increase from the previous year’s $1.6 billion. Total sales for the fiscal year were $28.9 billion, a 5.2% increase from the previous year’s $27.5 billion. Comparable-store sales increased 3.6% in 2013. Publix
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