Publix Reports Solid Sales Growth In Q3

Third quarter sales at Publix were up more than 4% driven in part by comparable store sales growth and the influence of Hurricane Helene.

For the three months ended September 28, total sales were $14.6 billion, up 4.9%. Comparable store sales in the quarter grew 3.4% and sales related to the impact of Hurricane Helen contributed growth of 0.6%. 

Net earnings in the quarter were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share increased to $0.33 per share, up from $0.25 per share in 2023. 

Publix’s sales for the nine months ended September 28 were $44.2 billion, a 4.3% increase from $42.4 billion in 2023. Comparable store sales through the first nine months increased 2.5%. Net earnings for the nine months were $3.4 billion, compared to $3.2 billion in 2023, an increase of 8.3%. Earnings per share increased to $1.04 per share, up from $0.95 per share in 2023. 

Effective Nov. 1, 2024, Publix’s stock price increased from $16.46 per share to $18.05 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.

“During the last several weeks, many of our associates and customers have faced difficult times with Hurricanes Helene and Milton,” said Kevin Murphy, CEO of Publix. “I’m so proud of our associates for the comfort they bring to our customers and their fellow associates.”