Publix Reports Second Quarter 2014 Results and Stock Price

  Publix Reports Second Quarter 2014 Results and Stock Price

Business Wire

LAKELAND, Fla. -- August 1, 2014

Publix’s sales for the second quarter of 2014 were $7.5billion, a 6.6 percent
increase from last year’s $7 billion. Sales for the second quarter of 2014
were positively impacted 1.3 percent due to the Easter holiday being in the
second quarter of 2014 but in the first quarter of 2013. Comparable-store
sales for the second quarter of 2014 increased 6.3 percent.

Net earnings for the second quarter of 2014 were $404.1 million, compared to
$400.9million in 2013, an increase of 0.8 percent. Earnings per share for the
second quarter increased to $0.52 for 2014, up from $0.51 per share in 2013.

Publix’s sales for the first half of 2014 were $15.3 billion, a 5.3 percent
increase from last year’s $14.5 billion. Comparable-store sales for the first
half of 2014 increased 5.1 percent.

Net earnings for the first half of 2014 were $897.8 million, compared to
$872.1 million in 2013, an increase of 2.9 percent. Earnings per share
increased to $1.15 for the first half of 2014, up from $1.12 per share in
2013.

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 Aug. 1, 2014, Publix’s stock price increased from $32.50 per share
to $33.85 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 eighth consecutive quarter with an increase in our stock price,”
said Publix CEO Ed Crenshaw. “Our associate owners deserve the credit for
continuing to make us a leader in our industry.”

Publix is privately owned and operated by its 168,500 employees, with 2013
sales of $28.9 billion. Currently Publix has 1,077 stores in Florida, Georgia,
Alabama, South Carolina, Tennessee and North Carolina. The company has been
named one of FORTUNE's “100 Best Companies to Work For in America” for 17
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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