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Publix Reports Second Quarter Results and Stock Price
LAKELAND, Fla., Aug. 3, 2009 - Publix’s sales for the second quarter of 2009 were $6 billion, a 2.7 percent increase from last year’s $5.9 billion. Comparable-store sales for the second quarter of 2009 decreased 2.6 percent.
Net earnings for the second quarter of 2009 were $300.8 million, compared to $295.8 million in 2008, an increase of 1.7 percent. Earnings per share increased to $0.38 for the second quarter of 2009, up from $0.36 per share in 2008.
Publix’s sales for the first half of 2009 were $12.4 billion, a 2.4 percent increase from last year’s $12.1 billion. Comparable-store sales for the first half of 2009 decreased 2.7 percent.
Net earnings for the first half of 2009 were $622.3 million, compared to $638.9 million in 2008, a decrease of 2.6 percent. Earnings per share increased to $0.79 for the first half of 2009, up from $0.77 per share in 2008.
These amounts are based on unaudited reports that will be filed later this 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. 6 on its Web site at www.publix.com/stock.
Effective Aug. 1, 2009, Publix’s stock price increased from $15.55 per share to $16.05 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.
"Although the economy continues to be weak, I’m pleased with the improvement in our operating results and stock price," said Publix CEO Ed Crenshaw. "I congratulate our associates for continuing to deliver premier customer service."