LAKELAND, Fla. – Publix’s sales for the three months ended April 1, 2023, were $14.3 billion, an 8.2% increase from $13.2 billion in 2022. Comparable store sales for the three months that ended April 1, 2023, increased 6.4%.
Net earnings for the three months ended April 1, 2023, were $1.2 billion, compared to $618 million in 2022, an increase of 100.8%.
Earnings per share for the three months ended April 1, 2023, increased to $0.37 per share, up from $0.18 per share in 2022, adjusted for the effect of the 5-for-1 stock split that occurred on April 14, 2022.
Excluding the impact of net unrealized gains on equity securities in 2023 and net unrealized losses on equity securities in 2022, net earnings for the three months ended April 1, 2023, and March 26, 2022, would have been $1.1 billion.
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Earnings per share would have been $0.32 per share, compared to $0.31 per share in 2022, adjusted for the effect of the stock split.
These amounts are based on unaudited financial statements that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at corporate.publix.com/stock.
Effective May 1, 2023, Publix’s stock price increased from $14.55 to $14.97 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.
“I’m proud of our associates, the owners of Publix, for continuing to make us a leader in our industry and providing a great shopping experience,” said Publix CEO Todd Jones.
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