PUBLIX FY results
PUBLIX FY results
In the USA, Publix has reported financial results for the year ended December 30, 2006. Net sales rose 5.2% to USD21.7 billion. Comparable store sales were also up 5.2% while net income rose 10.9% to USD1.1 billion, or 5.1% of total sales. In 2007, Publix plans to invest USD600 million to open 37 supermarkets, remodel select existing stores and expand its warehouses. New or enhanced IT hardware and applications are also part of the capital programme. 2007 will also see the unveiling of the first GreenWise natural foods supermarket. Four sites in Florida have been named. In Q4, net sales totaled USD5.56 billion, compared to the USD5.78 billion reported in the fourth quarter of fiscal 2005. Net earnings amounted to USD291.9 million.