US retailer Publix has recorded an increase in earnings in the third quarter of the year.
Net earnings in the three month period reached US$368.4m, an 18.1% increase on the prior year period. Comparable-store sales increased 2.5%, the retailer reported yesterday (1 November).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Although the economy continues to be weak, I’m pleased with the improvement in our operating results and stock price,” said Publix CEO Ed Crenshaw.
The company said its stock increased from $22 per share to $22.50 per share in trading yesterday.
Net earnings in the first nine months of 2012 grew 9% to $1.2bn, while comparable store sales increased 2.6%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
