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Publix Reports First Quarter Results and Stock Price
LAKELAND, Fla., May 2, 2005 - Publix's sales for the first quarter of 2005 were approximately $5.1 billion, a 10.6 percent increase from last year's $4.7 billion. Comparable-store sales for the first quarter of 2005 increased 6.4 percent. Comparable-store sales includes approximately 1.3 percent of sales related to the early Easter holiday, which was in the second quarter of 2004.
Net earnings for the first quarter were approximately $259.1 million this year, compared to $203.4 million in 2004, an increase of 27.4 percent. Earnings per share were $1.50 for the first quarter of 2005, compared to $1.14 per share for the first quarter of 2004.
These amounts are based on unaudited reports that will be filed later this week with the U.S. Securities and Exchange Commission. The company's quarterly report to the SEC, Form 10-Q, will be available on its Web site at www.publix.com/stock on May 6.
Based on the most recent appraisal, Publix's stock price increased from $64 per share to $66.50 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 all the Publix associates who have worked hard every day to deliver quality, value and excellent service to our customers," Publix CEO Charlie Jenkins Jr. said. "It's their hard work and dedication that has resulted in yet another increase in our stock price."