Publix Reveals Q4 2015 Results

Publix has announced the financial results for its fourth quarter of 2015, with sales closing out at $8.2 billion.

“I’m pleased to report another year with excellent results,” Ed Crenshaw, CEO of Publix, said, according to the financial report. “Our associates deserve the credit for continuing to make us a leader in customer service.”

Highlights for the retailer’s quarter included:

• Sales for the Q4 2015 at $8.2 billion, a 4.5 percent increase from $7.9 billion at the same time last year.
• Net earnings for the Q4 2015 at $521.1 million, a 15 percent increase compared to $453.3 million in 2014.
• Earnings per share Q4 2015 increased to $0.68, up from $0.58 per share in 2014.

Publix also saw a 3.2 percent increase in its comparable-store sales for the fourth quarter of 2015, while net earnings for the whole of 2015, ending Dec. 26, 2015, were $2.0 billion, a 13.2 percent increase compared to $1.7 billion for 2014.

According to the report, Publix’s stock price increased from $41.80 per share to $45.20 per share (which is not publically traded) as of yesterday, March 1st.

Privately owned and operated by its 179,000 employees, Publix currently has 1,110 stores in several states, including:

• Florida
• Georgia
• Alabama
• Tennessee
• South Carolina
• North Carolina

Keep checking in with DeliMarket News as we continue to note all retail news, financial and beyond.