Publix had yet another successful quarter in 2015, with upticks in sales and net earnings.
In its third quarter of the fiscal year, Publix reported that its sales increased 6.3% to $7.8 billion from last year’s $7.4 billion. Net earnings increased 7.3% to $412.3 million, compared to $384.2 million in 2014.
“I’m proud of our associates for delivering strong results,” said Publix CEO Ed Crenshaw. “Unfortunately, the challenges in the stock market continue to impact our stock price.”
Publix’s stock, which is only made available to current company associates and members of its Board of Directors, decreased from $42.00 per share to $41.80 per share.
Earnings per share increased to $1.86 for the first nine months of 2015, up from $1.64 per share in 2014.
Highlights from the first nine months of 2015 include:
Publix currently operates 1,106 stores across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company employs over 178,000 people and its retail sales in 2014 reached $30.6 billion.
One more quarter remains. Will Publix beat its 2014 sales record? Stay tuned to DeliMarket News as we continue to follow this retailer’s financial performance.