Last updated on June 14th, 2024 at 09:44 am
Publix Super Markets is reporting positive fourth quarter and fiscal year results across the board.
Publix’s sales for the fourth quarter of 2015 were $8.2 billion, a 4.5 percent increase from last year’s $7.9 billion. Comparable-store sales for the fourth quarter of 2015 increased 3.2 percent.
Net earnings for the fourth quarter of 2015 were $521.1 million, compared to $453.3 million in 2014, an increase of 15 percent. Earnings per share for the fourth quarter increased to $0.68 for 2015, up from $0.58 per share in 2014.
Publix’s sales for the fiscal year ended Dec. 26, 2015, were $32.4 billion, a 5.9 percent increase from last year’s $30.6 billion. Comparable-store sales for 2015 increased 4.2 percent.
Net earnings for 2015 were $2 billion, compared to $1.7 billion for 2014, an increase of 13.2 percent. Earnings per share increased to $2.54 for 2015, up from $2.23 per share in 2014.
Effective March 1, Publix’s stock price increased from $41.80 per share to $45.20 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 pleased to report another year with excellent results,” said CEO Ed Crenshaw. “Our associates deserve the credit for continuing to make us a leader in customer service.”
