Non-public traded supermarket chain, Publix, released limited Q4 financial data on March 1st for the period ending December 26th. Sales attained $11.2 billion compared to $9.8 billion for the 4th Quarter of 2019. Net earnings were $1.02 billion compared to $0.79 in Q4 of 2019. Excluding the impact of unrealized gains on equity securities, earnings per share would have been $1.32 compared to $0.93 in Q4 2019.
In commenting on results, Todd Jones, CEO, stated “It has been about a year since the start of the pandemic and our associates’ efforts to serve our customers, communities, and each other during this difficult time have been amazing.” He added, “Now we’re doing our part to administer the COVID-19 vaccine. We are proud to help our communities take the next step to return to normal.”