Publix raises stock price following Q2 results
LAKELAND, Fla. — Publix has raised its private stock from $26.90 per share to $27.55 per share following a 5% sales increase for the first half of 2013 to $14.5 billion, compared to the first half of 2013. Comparable-store sales for the first half of 2013 increased 3%.
The company’s sales for the second quarter of 2013 were $7 billion, a 3.8% increase from last year. Sales for the quarter were negatively impacted by approximately 1.3% because of the Easter holiday falling in the first quarter of 2013, rather than in the second quarter as it did in 2012. Comparable-store sales for the second quarter of 2013 increased 2.1%.
“I’m proud our operating performance resulted in another increase in our stock price,” stated Publix CEO Ed Crenshaw. “Our Publix associates continue to work hard every day to deliver premier customer service that makes shopping a pleasure.”
Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.