Publix reported Monday that sales for the three months ended Sept. 24, 2022 were $13 billion, a 9.2 percent increase from $11.9 billion in 2021. Comparable store sales for the same period rose 7.6 percent.
Net earnings for the three months ended Sept. 24, were $394.1 million, compared to $856.9 million in 2021, a decrease of 54 percent. Earnings per share for the period decreased to $0.12 per share, down from $0.25 per share in 2021, adjusted for the effect of the 5-for-1 stock split that occurred on April 14, 2022.
Publix’s sales for the nine months ended Sept. 24, 2022 were $39.2 billion, a 10.7 percent increase from $35.4 billion in 2021. Comparable store sales for the nine months ended Sept. 24, 2022 increased 9 percent.
Net earnings for the nine months ended Sept. 24, were $1.6 billion, compared to $3.4 billion in 2021, a decrease of 51.2 percent. Earnings per share for the nine months ended Sept, 24, decreased to $0.48 per share, down from $0.97 per share in 2021, adjusted for the effect of the stock split.
Effective Nov. 1, 2022, Publix’s stock price decreased from $13.84 per share to $13.19 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.
“Unfortunately the stock market continues to be a challenge, but I could not be more proud of Publix’s response to Hurricane Ian,” said Publix CEO Todd Jones, in a statement. “Our associates’ efforts to serve our customers, our communities and each other during this difficult time have been amazing.”
Related: Publix Makes Leadership Changes; Publix Donates to Hurricane Relief Efforts.