Publix Reports Third Quarter Results and Stock Price.LAKELAND, Fla. -- Publix's sales for the third quarter of 2009 were $5.83 billion, a 0.6 percent increase from last year's $5.8 billion. Comparable-store sales for the third quarter of 2009 decreased 4.7 percent. Net earnings for the third quarter of 2009 were $254.9 million, compared to $201.8 million in 2008, an increase of 26.3 percent. Earnings per share increased to $0.32 for the third quarter of 2009, up from $0.25 per share in 2008. Publix's sales for the first nine months of 2009 were $18.2 billion, a 1.8 percent increase from last year's $17.9 billion. Comparable-store sales for the first nine months of 2009 decreased 3.4 percent. Net earnings for the first nine months of 2009 were $877.3 million, compared to $840.7 million in 2008, an increase of 4.3 percent. Earnings per share increased to $1.11 for the first nine months of 2009, up from $1.02 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 Form 10-Q See 10-Q. , will be available Nov. 5 on its Web site at www.publix.com/stock. Effective Nov. 1, 2009, Publix's stock price increased from $16.05 per share to $16.30 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. "We are pleased with the improvement in our net earnings compared to the third quarter of 2008. But we understand our net earnings are essentially the same as our results for the third quarters of 2006 and 2007," said Publix CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ed Crenshaw cren·shaw also cran·shaw n. A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh. [Origin unknown.] . "Even in these difficult times, our associates continue to deliver the excellent service our customers expect." Publix is privately owned and operated by its 139,000 employees, with 2008 sales of $23.9 billion. Currently Publix has 1,015 stores in Florida, Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). and Tennessee. The company has been named one of FORTUNE's "100 Best Companies to Work For in America" for 12 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 The American Customer Satisfaction Index (ACSI) is a leading indicator of consumer behavior, measuring the satisfaction of consumers across the U.S. economy. The ACSI interviews approximately 80,000 Americans annually and asks about their satisfaction with the goods and survey. For more information, visit the company's Web site, www.publix.com. |
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