LAKELAND, Fla. Publix's first-quarter sales and same-store sales increased 2.1% and 0.9%, respectively, from the year-ago period, the Florida-based retailer announced.
Sales for first quarter 2010 totaled $6.5 billion, while net earnings for the quarter increased 13.3% to $364.4 million, compared with $321.5 million in 2009. Earnings per share also rose in 2010 to 47 cents, from 41 cents last year.
Effective May 1, Publix's stock price increased from $17.35 per share to $18.50 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.
"I'm proud of all the Publix associates who have worked hard to continue delivering premier customer service in these difficult times," said Publix CEO Ed Crenshaw. "Our improved operating performance is a result of their hard work and dedication."