Dive Brief:
- Publix saw a successful Q1 in terms of sales and earnings, with sales hitting $8.3 billion (a 6.8% uptick from last year) and net earnings reaching $548.9 million (11.2% bump).
- Comparable-store sales for Q1 rose 5.3%.
- In 2014, the company saw sales of $30.6 billion.
Dive Insight:
The retailer's stock price jumped to $42.10 per share effective May 1 from $39.05.
Publix CEO Ed Crenshaw said in a statement, "I’m delighted we had another significant increase in our stock price. I want to thank our associates for delivering premier customer service that makes shopping a pleasure."
This news marks an upward trend for Publix, which reported strong earnings in Q4 plus a sales boost and stock price increase.
Additionally, it clinched one of the top spots on Consumer Reports' best-ranked supermarkets list and Fortune ranked it No. 81 on its annual 100 Best Companies to Work For list.