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Publix Reports on Q3 of 2021

11/09/2021

Publix, a closely held company releases quarterly reports with limited financial data.  Equity is held by the family shareholders and by current employees.  In a November 1st release, Publix reported on Q3 of fiscal 2021 ending September 25th.  For the period revenue attained $11.9 billion with net earnings of $857 million with an EPS of $1.24.  For the comparable third quarter ending September 26th 2020, revenue was $11.1 billion and earnings $918 million with an EPS of $1.31.  The share price for Publix although not quoted was determined to be $66.40 on November 1st up from $63.10 prior to the release.  A calculated share price is determined for the benefit of Publix employees and the Board of Directors who are entitled to hold equity while employed.

 

In commenting on performance, Todd Jones, CEO stated, “As the effects of the pandemic and supply chain challenges persist, efforts of our associates continue to be extraordinary.”  He added, “I could not be more proud of their commitment to serving our customers and communities.”