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Publix Announces 4th Quarter and Annual Results for 2006
LAKELAND, Fla., March 1, 2007—Publix's sales for the fourth quarter of 2006, a 13-week period, were $5.6 billion, a 3.2 percent decrease from last year's $5.7 billion, a 14-week period. Excluding the additional week in the fourth quarter of 2005, sales for the fourth quarter of 2006 would have increased by 3.8 percent. Comparable-store sales for the fourth quarter of 2006 increased 2.4 percent.
Net earnings for the fourth quarter of 2006, a 13-week period, were $291.9 million, compared to $294.9 million in 2005, a 14-week period, a decrease of 1 percent. Earnings per share remained unchanged at $0.35 per share, after adjusting for the effect of the 5-for-1 stock split that occurred July 1, 2006.
Publix's sales for the fiscal year ended Dec. 30, 2006, a 52-week year, were $21.7 billion, a 5.2 percent increase from last year's $20.6 billion, a 53-week year. Excluding the additional week in 2005, sales for 2006 would have increased by 7.2 percent. Comparable-store sales for 2006 increased 5.2 percent.
Net earnings for 2006 were $1.1 billion, compared to $989.2 million for 2005, an increase of 10.9 percent. Earnings per share increased to $1.29 for 2006, up from $1.15 per share in 2005 after adjusting for the effect of the 5-for-1 stock split that occurred July 1, 2006.
These amounts are based on audited reports that were filed Feb. 28, 2007, with the U.S. Securities and Exchange Commission (SEC).
Based on the most recent appraisal, Publix's stock price increased $0.30 from $19.60 per share to $19.90 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.
"This is our ninth consecutive quarter with an increase in our stock price. Our associates, the owners of Publix, deserve the credit for this achievement," Publix CEO Charlie Jenkins Jr. said.