0000081061-17-000020.txt : 20170501 0000081061-17-000020.hdr.sgml : 20170501 20170501152439 ACCESSION NUMBER: 0000081061-17-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170501 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170501 DATE AS OF CHANGE: 20170501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIX SUPER MARKETS INC CENTRAL INDEX KEY: 0000081061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 590324412 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00981 FILM NUMBER: 17800342 BUSINESS ADDRESS: STREET 1: 3300 PUBLIX CORPORATE PARKWAY CITY: LAKELAND STATE: FL ZIP: 33811 BUSINESS PHONE: 863-688-1188 MAIL ADDRESS: STREET 1: 3300 PUBLIX CORPORATE PARKWAY CITY: LAKELAND STATE: FL ZIP: 33811 8-K 1 a8-k1q2017earningsmay12017.htm 8-K Document

 
 
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
FORM 8-K
____________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 1, 2017
____________________________________________
PUBLIX SUPER MARKETS, INC.
(Exact name of Registrant as specified in its charter)
____________________________________________
Florida
 
0-00981
 
59-0324412
(State of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
3300 Publix Corporate Parkway
 
 
 
 
Lakeland, Florida
 
 
 
33811
(Address of principal executive offices)
 
 
 
(Zip Code)
 
 
 
 
 
 
 
(863) 688-1188
 
 
 
 
(Registrant’s telephone number, including area code)
 
 
____________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ¨

 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 
 






Item 2.02.      Results of Operations and Financial Condition

On May 1, 2017, Publix Super Markets, Inc. issued a press release to report its first quarter results for 2017 and stock price effective May 1, 2017. A copy of the press release is attached hereto as Exhibit 99.1.

The foregoing information, including Exhibit 99.1, is being furnished under Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01.     Financial Statements and Exhibits

(d).     Exhibits

99.1.     Press Release dated May 1, 2017



Page 2 of 4 pages



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
    
 
 
PUBLIX SUPER MARKETS, INC.
 
 
 
 
 
 
Dated: May 1, 2017
By:
/s/ David P. Phillips
 
 
David P. Phillips, Executive Vice President and Chief Financial Officer
 
 
(Principal Financial and Accounting Officer)
 
 
 
 
 
 
 
 
 
 
 
 


        
































Page 3 of 4 pages




Exhibit Index


Exhibit 99.1. Press Release dated May 1, 2017






















































Page 4 of 4 pages

EX-99.1 2 exhibit9911q2017earningsre.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1
Contact: Maria Brous
(863) 680-5339

Publix Reports First Quarter Results and Stock Price

LAKELAND, Fla., May 1, 2017 - Publix’s sales for the first quarter of 2017 were $8.69 billion, a 0.4 percent decrease from last year’s $8.72 billion. Comparable-store sales for the first quarter of 2017 decreased 2.1 percent. Sales for the first quarter of 2017 were negatively impacted by the Easter holiday being in the second quarter in 2017 and in the first quarter in 2016. The company estimates the timing of Easter affected sales by approximately 1.2 percent.

Net earnings for the first quarter of 2017 were $555.3 million, compared to $581.9 million in 2016, a decrease of 4.6 percent. Earnings per share for the first quarter decreased to $0.73 for 2017, down from $0.75 per share in 2016.

These amounts are based on unaudited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at corporate.publix.com/stock.

Effective May 1, 2017, Publix’s stock price decreased from $40.90 per share to $39.15 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.

“Our results were impacted by the timing of Easter, which was in the first quarter in 2016,” said Publix CEO & President Todd Jones. “Our associates continue to work hard every day to make shopping a pleasure at Publix.”

Publix is privately owned and operated by its 190,000 employees, with 2016 sales of $34 billion. Currently Publix has 1,144 stores in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company has been named one of Fortune’s “100 Best Companies to Work For in America” for 20 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s website, corporate.publix.com. ###