Publix stock price rises 9 quarters running

March 5, 2007
Publix’s sales for the fourth quarter of 2006 were $5.6 billion, a 3.2 percent decrease from the 2005 fourth quarter’s $5.7 billion.

Publix’s sales for the fourth quarter of 2006 were $5.6 billion, a 3.2 percent decrease from the 2005 fourth quarter’s $5.7 billion. Comparable-store sales for the fourth quarter of 2006 increased 2.4 percent. Net earnings for the fourth quarter of 2006 totaled $291.9 million, compared with $294.9 million in 2005, a decline of 1 percent.

The supermarket chain’s sales for the fiscal year ended Dec 30, 2006, were $21.7 billion, a 5.2 percent gain from $20.6 billion the year before. Comparable-store sales for 2006 rose 5.2 percent. Net earnings for 2006 totaled $1.1 billion, versus $989.2 million for 2005, an increase of 10.9 percent.

“This is our ninth consecutive quarter with an increase in our stock price,” said Charlie Jenkins Jr, chief executive officer of Publix. Price of the stock, which is not publicly traded, recently gained $0.30 from $19.60 per share to $19.90 per share.

Publix has 142,000 employees and 898 stores throughout Florida, Georgia, South Carolina, Alabama, and Tennessee.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...