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LAKELAND, Fla. — Publix Super Markets posted third-quarter sales of $14.6 billion, a 4.9% increase from the same period in 2023. The gain was driven mainly by a 3.4% rise in comparable store sales. The grocery chain estimates that Hurricane Helene contributed to a 0.6% sales increase during this period, highlighting the company’s resilience and responsiveness in times of crisis.
Net earnings surged by 31.7%, reaching $1.1 billion compared to $833 million last year, translating to an earnings per share (EPS) of $0.33, up from $0.25. Excluding net unrealized gains on equity securities, adjusted earnings for Q3 totaled $930 million, down by 1.1% from $940 million in 2023, with adjusted EPS at $0.28.
For the nine months ending September 28, Publix’s total sales climbed 4.3% to $44.2 billion, and comparable store sales grew by 2.5%. Net earnings over the same period rose by 8.3% to $3.4 billion, with an EPS of $1.04, up from $0.95. Adjusted net earnings were $2.9 billion, a 3% decrease from 2023, with an adjusted EPS of $0.90.
Publix CEO Kevin Murphy praised the dedication of associates amid recent hurricanes.
“During the last several weeks, many of our associates and customers have faced difficult times with Hurricanes Helene and Milton,” Murphy said. “I’m so proud of our associates for the comfort they bring to our customers and their fellow associates.”
Effective November 1, Publix’s stock price increased to $18.05 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.)
