See the Difference Cooper® Sharp Makes. Get Cooper®
DePalo Foods Strombolis
Veroni - 100 percent humanely raised - Authentic Italian charcuterie
Cheese that stands out from the herd. And stands out on the shelves.
Beano's - First in Deli. Always Delicious.
Simple done right
Publix Enjoys Record Revenue and Stock Boost

Publix Enjoys Record Revenue and Stock Boost


LAKELAND, FL
Thursday, March 2nd, 2017

Publix looks to be on the rise, if its 2016 Q4 is any indicator. The company has announced its first financial report with both sales and stock prices increased since President and CEO Todd Jones took the helm.

Todd Jones, President & CEO, Publix“I’m proud of our Publix associates—the owners of Publix—for continuing to make us a leader in our industry and providing a great shopping experience,” said Publix CEO & President Todd Jones.

Previous to this financial report, the company saw three straight quarters of falling stock prices with simultaneously rising sales. According to a press release, Publix’s 2016 Q4 saw increases across the board. The company reported an 11.1 percent sales rise this quarter over last year, with a stock increase from $40.15 to $40.90 per share. 

Additional details from the report include:

  • Net earnings for the fourth quarter of 2016 were $544.5 million, compared to $521.1 million in 2015, an increase of 4.5 percent. Earnings per share for the fourth quarter increased to $0.71 for 2016, up from $0.68 per share in 2015.
  • Net earnings for 2016 were $2.03 billion, compared to $1.97 billion for 2015, an increase of 3.1 percent. Earnings per share increased to $2.63 for 2016, up from $2.54 per share in 2015. Net earnings and earnings per share benefited from the extra week in 2016
  • Publix’s sales for the fourth quarter of 2016, a 14-week period, were $9.1 billion, an 11.1 percent increase from last year’s $8.2 billion, a 13-week period. The additional week in the fourth quarter of 2016 increased sales by 7.4 percent. Comparable-store sales for the fourth quarter of 2016 increased 2.2 percent.

Publix's stock over the past five years.

Publix’s stock price increased to $40.90 per share effective March 1, 2017. As Publix stock is not publicly traded, it is made available for sale only to current associates and members of Board of Directors.

Currently, Publix operations 1,143 stores nationwide with around 189,500 employees.

Publix