Net earnings for the three months ended June 27, 2020 were $1.4 billion, compared to $661.1 million in 2019, an increase of 106.8%. Effective Aug. 1, 2020, Publix’s stock price increased from $50.10 per share to $54.35 per share. Net earnings for the year to date were $2.2 billion, or $3.10 per share, compared with $2 billion, or $2.71 per share, a year ago.

Earnings per share would have been $2.74 per share, compared to $1.92 per share in 2019. Excluding the impact of net unrealized gains on equity securities in 2020 and 2019, net earnings for the nine months ended Sept. 26, 2020 would have been $2.8 billion, compared to $2 billion in 2019, an increase of 41.4%. The company estimates its sales for the six months ended June 27, 2020 increased approximately $2.5 billion or 13.1% due to the impact of the coronavirus pandemic.

Earnings per share for the three months ended June 27, 2020 increased to $1.94 per share, up from $0.92 per share in 2019. Due to the pandemic, Publix has been classified as an essential business and has remained open to serve the needs of its customers. The company estimates its sales for the nine months ended Sept. 26, 2020 increased approximately $3.75 billion or 13.2% due to the impact of the coronavirus pandemic. Excluding the impact of net unrealized gains on equity securities in 2020 and 2019, net earnings for the three months ended June 27, 2020 would have been $978.3 million, compared to $637 million in 2019, an increase of 53.6%. 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. Comparable store sales for the six months ended June 27, 2020 increased 17.1%. Earnings per share would have been $1.39 per share, compared to $0.89 per share in 2019. LAKELAND, Fla., April 1, 2020 — Publix Super Markets Inc. announced its board of directors declared a quarterly dividend of 32 cents per share on its common stock. Direct deposit elections also can be made by completing the online Direct Deposit Authorization for Publix Stock Dividends form at corporate.publix.com/stock > Stockholder Resources > Forms.

Publix noted that net earnings reflect the impact of net unrealized gains and losses on equity securities. “Our associates’ efforts to serve our customers and communities have been remarkable,” said Publix CEO Todd Jones. The dividend will be payable Nov. 2, 2020, either through direct deposit or mailed as a check to stockholders of record as of the close of business Oct. 15, 2020.

Effective Aug. 1, 2020, Publix’s stock price increased from $50.10 per share to $54.35 per share.

Effective Aug. 1, 2020, Publix's stock price increased from $50.10 per share to $54.35 per share. Number 8860726. Publix Super Markets Inc. published this content on 03 August 2020 and is solely responsible for the information contained therein. “I’m proud of our Publix associates who continue to deliver premier customer service,” Publix CEO Todd Jones said in a statement. After registering for a secure and confidential online account, log in and select Dividends > Payment Preferences to elect direct deposit. Publix attributed the third-quarter sales increase, in part, to impact of Hurricane Dorian.

Net earnings for the three months ended June 27, 2020 were $1.4 billion, compared to $661.1 million in 2019, an increase of 106.8%. “I want to thank our associates for the comfort they bring to our customers and their fellow associates during this difficult time.

The company believes this information is useful in providing period-to-period comparisons of the results of operations. The company excludes the impact of the fair value adjustment since it is primarily due to temporary equity market fluctuations that do not reflect the company's operations. In addition to reporting financial results for the three and six months ended June 27, 2020 and June 29, 2019 in accordance with U.S. generally accepted accounting principles (GAAP), the company presents net earnings and earnings per share excluding the impact of equity securities being measured at fair value with net unrealized gains and losses from changes in the fair value recognized in earnings (fair value adjustment). Earnings per share for the six months ended June 27, 2020 increased to $2.89 per share, up from $2.29 per share in 2019. Publix, the largest employee-owned company in the U.S. with more than 225,000 associates, currently operates 1,251 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia. Fresh, frozen food join BJ’s Wholesale Club’s store pickup mix . For 23 consecutive years, the company has been recognized by Fortune as a great place to work. These measures are not in accordance with, or an alternative to, GAAP. As of Nov. 1, Publix’s stock price was $47.10 per share, up from $44.10 in the second quarter.

“Our associates’ efforts to serve our customers, our communities and each other during this challenging time continues to be extraordinary,” said Publix CEO Todd Jones. Publix’s sales for the nine months ended Sept. 26, 2020 were $33.7 billion, an 18.7% increase from $28.4 billion in 2019. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. These measures are not in accordance with, or an alternative to, GAAP.



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