Supermarket chain, Publix, a privately held, employee-owned corporation, released limited Q4 and FY 2022 financial data on March 1st for the period ending December 31st 2022. Sales for Q4 attained $15,300 million, up 22 percent from Q4 2021 at $12,750. Net earnings were $1,300 million compared to $1,050 million in Q4 of 2021. Earnings per share attained $0.38 compared to $0.31 in Q4 2021. Comparable same store sales were up 12.4 percent compared to Q4 of 2021.
Sales for 2022 attained $54,500 million, up 13.6 percent from 2021 at $12,750. Net earnings were $2,918 million a decline of 33.9 percent compared to $4,412 million in 2021. Earnings per share attained $0.86 compared to $1.28 in 2021.
According to the Publix SEC Q-10 submission, total assets on November 1st were $30,347 million with long-term debt and lease obligations of $3,014 million.
Share price was adjusted upward from $13.19 to $14.15 on March 1st.
In commenting on results Todd Jones, CEO stated, “I'm proud of our operating results and pleased with our stock price increase. I want to thank our associates for continuing to deliver premier customer service.”