Last updated on June 14th, 2024 at 10:28 am
Publix’s sales for the fourth quarter of 2014 were $7.9 billion, a 6.9 percent increase from the previous year’s $7.4 billion. Comparable-store sales for the fourth quarter increased 6.4 percent.
Net earnings for the fourth quarter were $453.3 million, compared to $422.0 million in 2013, an increase of 7.4 percent. Earnings per share for the fourth quarter increased to $0.58 for 2014, up from $0.54 per share in 2013.
Publix’s sales for the fiscal year ended Dec. 27, 2014, were $30.6 billion, a 5.7 percent increase from 2013’s $28.9 billion. Comparable-store sales for 2014 increased 5.4 percent.
Net earnings for 2014 were $1.74 billion, compared to $1.65 billion for 2013, an increase of 4.9 percent. Earnings per share increased to $2.23 for 2014, up from $2.12 per share in 2013.
Effective March 1, 2015, Publix’s stock price increased from $33.80 per share to $39.05 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.
“I’m extremely pleased our performance and improvements in the stock market resulted in a significant increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates—the owners of Publix—continue to deliver exceptional customer service, the key to our success.”
