Publix Reports Third Quarter 2012 Results and Stock Price

  Publix Reports Third Quarter 2012 Results and Stock Price

Business Wire

LAKELAND, Fla. -- November 01, 2012

Publix’s sales for the third quarter of 2012 were $6.7 billion, a 4.4 percent
increase from last year’s $6.4 billion. Comparable-store sales for the third
quarter of 2012 increased 2.5 percent.

Net earnings for the third quarter of 2012 were $368.4 million, compared to
$311.9 million in 2011, an increase of 18.1 percent. Earnings per share for
the third quarter increased to $0.47 for 2012, up from $0.40 per share in
2011.

Publix’s sales for the first nine months of 2012 were $20.5 billion, a 3.9
percent increase from last year’s $19.7 billion. Comparable-store sales for
the first nine months of 2012 increased 2.6 percent.

Net earnings for the first nine months of 2012 were $1.2 billion, compared to
$1.1 billion in 2011, an increase of 6.1 percent. Earnings per share increased
to $1.48 for the first nine months of 2012, up from $1.39 per share in 2011.

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 Nov. 8 on its website at
www.publix.com/stock.

Effective Nov. 1, 2012, Publix’s stock price increased from $22.00 per share
to $22.50 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.

“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 exceptional customer
service.”

Publix is privately owned and operated by its 154,500 employees, with 2011
sales of $27.0 billion. Currently Publix has 1,065 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 15 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.

Contact:

Publix
Maria Brous, 863-680-5339
 
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