Publix net earnings edge up in Q2

Lakeland, Fla. – Net earnings at Publix Super Markets slightly increased to $404.1 million in the second quarter of fiscal 2014 from $400.1 million in the year-ago period.

Net sales rose about 7% to $7.5 billion from $7 billion, aided by the shift of the Easter holiday to the second quarter of the current fiscal year from the first quarter of the previous fiscal year. Same-store sales rose 6.3%.

Effective Aug. 1, 2014, Publix’s stock price increased from $32.50 per share to $33.85 per share. (Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.)
 
“This is our eighth consecutive quarter with an increase in our stock price,” stated Publix CEO Ed Crenshaw. “Our associate owners deserve the credit for continuing to make us a leader in our industry.”

 

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