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| 8-K - 8-K - PUBLIX SUPER MARKETS INC | a8-k3qearningsnovember22015.htm |
Exhibit 99.1
Contact: Maria Brous
(863) 680-5339
Publix Reports Third Quarter 2015 Results and Stock Price
LAKELAND, Fla., Nov. 2, 2015 - Publix’s sales for the third quarter of 2015 were $7.8 billion, a 6.3 percent increase from last year’s $7.4 billion. Comparable-store sales for the third quarter of 2015 increased 4.2 percent.
Net earnings for the third quarter of 2015 were $412.3 million, compared to $384.2 million in 2014, an increase of 7.3 percent. Earnings per share for the third quarter increased to $0.53 for 2015, up from $0.49 per share in 2014.
Publix’s sales for the first nine months of 2015 were $24.1 billion, a 6.4 percent increase from last year’s $22.7 billion. Comparable-store sales for the first nine months of 2015 increased 4.5 percent.
Net earnings for the first nine months of 2015 were $1.4 billion, compared to $1.3 billion in 2014, an increase of 12.6 percent. Earnings per share increased to $1.86 for the first nine months of 2015, up from $1.64 per share in 2014.
These amounts are based on unaudited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at www.publix.com/stock.
Effective Nov. 1, 2015, Publix’s stock price decreased from $42.00 per share to $41.80 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 of our associates for delivering strong results,” said Publix CEO Ed Crenshaw. “Unfortunately, the challenges in the stock market continue to impact our stock price.”
Publix is privately owned and operated by its 178,000 employees, with 2014 sales of $30.6 billion. Currently Publix has 1,106 stores in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company has been named one of FORTUNE’s “100 Best Companies to Work For in America” for 18 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s website, corporate.publix.com. ###