Article
Publix Announces Fourth Quarter and Annual Results for 2014
PRESS RELEASE
LAKELAND, Fla., March 2, 2015 — Publix’s sales for the fourth quarter of 2014, were $7.9 billion, a 6.9 percent increase from last year’s $7.4 billion. Comparable-store sales for the fourth quarter of 2014 increased 6.4 percent.
Net earnings for the fourth quarter of 2014 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 last year’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.
These amounts are based on audited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at
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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.”
