Publix Reports Second Quarter 2013 Results and Stock Price
LAKELAND, Fla.--(BUSINESS WIRE)-- Publix's sales for the second quarter of 2013 were $7 billion, a 3.8 percent increase from last year's $6.8 billion. Sales for the second quarter of 2013 were negatively impacted by approximately 1.3 percent due to the Easter holiday being in the first quarter of 2013, but in the second quarter of 2012. Comparable-store sales for the second quarter of 2013 increased 2.1 percent.
Net earnings for the second quarter of 2013 were $400.9 million, compared to $381.6 million in 2012, an increase of 5 percent. Earnings per share for the second quarter increased to $0.51 for 2013, up from $0.49 per share in 2012.
Publix's sales for the first half of 2013 were $14.5 billion, a 5 percent increase from last year's $13.9 billion. Comparable-store sales for the first half of 2013 increased 3 percent.
Net earnings for the first half of 2013 were $872.1 million, compared to $791 million in 2012, an increase of 10.3 percent. Earnings per share increased to $1.12 for the first half of 2013, up from $1.01 per share in 2012.
These amounts are based on unaudited reports that will be filed next week with the U.S. Securities and Exchange Commission (SEC). The company's quarterly report to the SEC, Form 10-Q, will be available Aug. 8 on its website at www.publix.com/stock.
Effective Aug. 1, 2013, Publix's stock price increased from $26.90 per share to $27.55 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 proud our operating performance resulted in another increase in our stock price," said Publix CEO Ed Crenshaw. "Our Publix associates continue to work hard every day to deliver premier customer service that makes shopping a pleasure."
Publix is privately owned and operated by its 160,500 employees, with 2012 sales of $27.5 billion. Currently Publix has 1,072 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. The company has been named one of FORTUNE's "100 Best Companies to Work For in America" for 16 consecutive years. In addition, Publix's dedication to superior quality and customer service is recognized as tops in the grocery business, most recently by an American Customer Satisfaction Index survey. For more information, visit the company's website, www.publix.com.
Maria Brous, 863-680-5339
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