Publix: Reports Q3-2024 Results and Stock Price

Lakeland / FL. (pux) Publix’s sales for the three months ended September 28, 2024 were USD 14.6 billion, a 4.9 percent increase from USD 14 billion in 2023. Comparable store sales for the three months ended September 28, 2024 increased 3.4 percent. The company estimates sales for the three months ended September 28, 2024 increased 0.6 percent due to the impact of Hurricane Helene.

Net earnings for the three months ended September 28, 2024 were USD 1.1 billion, compared to USD 833 million in 2023, an increase of 31.7 percent. Earnings per share for the three months ended September 28, 2024 increased to USD 0.33 per share, up from USD 0.25 per share in 2023. Excluding the impact of net unrealized gains on equity securities in 2024 and net unrealized losses on equity securities in 2023, net earnings for the three months ended September 28, 2024 would have been USD 930 million, compared to USD 940 million in 2023, a decrease of 1.1 percent. Earnings per share for the three months ended September 28, 2024 and September 30, 2023 would have been USD 0.28 per share.

Publix’s sales for the nine months ended September 28, 2024 were USD 44.2 billion, a 4.3 percent increase from USD 42.4 billion in 2023. Comparable store sales for the nine months ended September 28, 2024 increased 2.5 percent.

Net earnings for the nine months ended September 28, 2024 were USD 3.4 billion, compared to USD 3.2 billion in 2023, an increase of 8.3 percent. Earnings per share for the nine months ended September 28, 2024 increased to USD 1.04 per share, up from USD 0.95 per share in 2023. Excluding the impact of net unrealized gains on equity securities in 2024 and 2023, net earnings for the nine months ended September 28, 2024 would have been USD 2.9 billion, compared to USD 3 billion in 2023, a decrease of 3 percent. Earnings per share for the nine months ended September 28, 2024 would have been USD 0.90 per share, compared to USD 0.91 per share in 2023.

Chief Executive Officer Kevin Murphy: «During the last several weeks, many of our associates and customers have faced difficult times with Hurricanes Helene and Milton. I’m so proud of our associates for the comfort they bring to our customers and their fellow associates.»

For additional information please read the company’s PDF file below (70 KB):

20241102-PUBLIX-Q32024.