Publix saw a 3.2 percent increase in sales for the third quarter compared to 2017, and a 0.6 percent jump in comparable store sales.
The company estimates the impact of Hurricane Irma in September 2017. Excluding the impact of the hurricane, sales for the three months ended Sept. 29, 2018 would have increased 6.3 percent and comparable store sales would have increased 3.7 percent.
Neat earnings for the three months ending Sept. 29 were $677.7 million, compared to $479 million in 2017, an increase of 42.7 percent.
Also, on Nov. 1, 2018, Publix’s stock price increased from $42.55 per share to $42.70 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.
“In the last six weeks, many of our associates and customers have faced difficult times with Hurricanes Florence and Michael,” says Publix CEO and president Todd Jones. “I’m proud of our associates for their extra efforts and pleased with our team’s results.”