Publix, a privately held, employee-owned corporation, released limited Q4 and FY 2023 financial data on March 1st for the period ending December 30th 2023. Sales for Q4 2023 attained $14,700 million, down 3.9 percent from Q4 2022 at $15,300. Net earnings were $1,178 million compared to $1,278 million in Q4 of 2022, down 7.8 percent. Earnings per share attained $0.39 compared to $0.32 in Q4 2022. Comparable same store sales were up 0.4 percent compared to Q4 2022.
Sales for FY2023 attained $57,100 million, up 4.8 percent from 2022 at $54,500. Net earnings were $4,439 million an increase of 48.2 percent compared to $2,918 million in 2022. Earnings per share attained $1.23 compared to $1.20 in FY2022.
According to the Publix SEC Q-10 submission, total assets on December 30th 2023 were $34,348 million with long-term debt and lease obligations of $3,404 million.
Share price was adjusted upward from $15.12 to $15.20 on March 1st.
In commenting on results CEO Kevin Murphy stated, “I’m proud of our friendly, knowledgeable associates who help our customers create memorable meals with their families and friends. I’m so thankful to serve with them in providing Publix’s premier service in our communities.”