Publix’s sales for the three months ended Sept. 29, 2018 were $8.8 billion, a 3.2 percent increase from $8.5 billion in 2017. Comparable store sales for the three months ended Sept. 29, 2018 increased 0.6 percent. The company estimates the increase in sales for the three months ended Sept. 29, 2018 compared to the three months ended Sept. 30, 2017 was 3.1 percent lower due to the impact of Hurricane Irma in September 2017. Excluding the impact of the hurricane, sales for the three months ended Sept. 29, 2018 would have increased 6.3 percent and comparable store sales would have increased 3.7 percent.
Publix’s sales for the nine months ended Sept. 29, 2018 were $26.8 billion, a 4.7 percent increase from $25.6 billion in 2017. Comparable store sales for the nine months ended Sept. 29, 2018 increased 2.5 percent. The company estimates the increase in sales for the nine months ended Sept. 29, 2018 compared to the nine months ended Sept. 30, 2017 was 1 percent lower due to the impact of Hurricane Irma. Excluding the impact of the hurricane, sales for the nine months ended Sept. 29, 2018 would have increased 5.7 percent and comparable store sales would have increased 3.5 percent.
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 Nov. 1, 2018, Publix’s stock price increased from $42.55 per share to $42.70 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.
“In the last six weeks, many of our associates and customers have faced difficult times with Hurricanes Florence and Michael,” said Publix CEO & President Todd Jones. “I’m proud of our associates for their extra efforts and pleased with our team’s results.”
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