By Megan - December 1, 2017

Publix announces third quarter 2017 results

Store #1266

Sales

2017*
$8.5 billion
2016
$8 billion
% change
+6.2

 

Comparable-store sales

2017*
+4.3%
2016
+0.9%
% change

 

Net earnings

2017*
$474.9 million
2016
$421.1 million
% change
+12.8

 

Earnings per share

2017*
$0.63
2016
$0.55
% change
+14.5

Publix Stock Price

Nov. 1, 2017………………$36.85

Aug. 1, 2017………………$36.05

May 1, 2017……………….$39.15

March 1, 2017…………….$40.90

*The company estimates sales increased 3.1 percent due to the impact of Hurricane Irma for the third quarter of 2017. Also, the company estimates the profit on the incremental sales from the hurricane more than offset the inventory losses due to power outages and other additional expenses.

“We have faced many hurricanes in our past, but none with the size and impact of Hurricane Irma,” said CEO & President Todd Jones. “I could not be more proud of our associates for their passionate service to our customers before and after the hurricane.”