Publix reports sales, earnings gains in 2013

03/05/2014 05:13:00 PM
Tom Karst

Publix has reported sales gains of more than 5% for the fourth quarter and for all of 2013.

Lakeland, Fla.-based Publix, a privately owned company with 1,077 stores in Florida, Georgia, Alabama, South Carolina, Tennessee and North Carolina, reported a 5.2% increase in sales for the fiscal year ending Dec. 28. Total sales for the year were $28.9 billion, according to a news release from Publix. Comparable-store sales for 2013 were up 3.6%, according to the release.

For the fourth quarter, Publix said sales totaled $7.4 billion, a 5.3% increase compared with the fourth quarter of 2012. Comparable-store sales for the fourth quarter of 2013 were up 4.3%, according to the release.

Net earnings for the fourth quarter of 2013 were $422 million, up 7.4% from a year ago. For the year, Publix net earnings for all of 2013 totaled $1.7 billion, up 6.6% from 2012, according to the release.

Starting March 1, Publix’s stock price increased from $30 per share to $30.15 per share, according to the release. The 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 our operating performance resulted in another increase in our stock price,” Publix chief executive officer Ed Crenshaw said in the release. “Our associates — the owners of Publix — deserve the credit for this achievement.”

In 2013, Publix said it opened thirteen supermarkets in Florida, three in Alabama, three in Tennessee, two in Georgia and one in South Carolina during 2013. Publix estimated that its sales increased 1.6% from new supermarkets (excluding replacement supermarkets) and 3.6% from comparable store sales (including replacement supermarkets), according to the release.



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