0000081061-17-000044.txt : 20171101 0000081061-17-000044.hdr.sgml : 20171101 20171101145336 ACCESSION NUMBER: 0000081061-17-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171101 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171101 DATE AS OF CHANGE: 20171101 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: 171168588 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-k3q2017earningsnovember.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) November 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 November 1, 2017, Publix Super Markets, Inc. issued a press release to report its third quarter results for 2017 and stock price effective November 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




Page 2 of 3 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: November 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 3 pages

EX-99.1 2 exhibit9913q2017earningsre.htm EXHIBIT 99.1 Exhibit


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

Publix Reports Third Quarter 2017 Results and Stock Price

LAKELAND, Fla., Nov. 1, 2017 - Publix’s sales for the third quarter of 2017 were $8.5 billion, a 6.2 percent increase from last year’s $8 billion. Comparable-store sales for the third quarter of 2017 increased 4.3 percent. The company estimates sales increased 3.1 percent due to the impact of Hurricane Irma for the third quarter of 2017.

Net earnings for the third quarter of 2017 were $474.9 million, compared to $421.1 million in 2016, an increase of 12.8 percent. Earnings per share for the third quarter increased to $0.63 for 2017, up from $0.55 per share in 2016. The company estimates the profit on the incremental sales from Hurricane Irma more than offset inventory losses due to power outages and other additional expenses.

Publix’s sales for the first nine months of 2017 were $25.6 billion, a 3 percent increase from last year’s $24.9 billion. Comparable-store sales for the first nine months of 2017 increased 1.2 percent. The company estimates sales increased 1 percent due to the impact of Hurricane Irma for the first nine months of 2017.

Net earnings for the first nine months of 2017 were $1.53 billion, compared to $1.48 billion in 2016, an increase of 3 percent. Earnings per share increased to $2.01 for the first nine months of 2017, up from $1.92 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 Nov. 1, 2017, Publix’s stock price increased from $36.05 per share to $36.85 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.

“We have faced many hurricanes in our past, but none with the size and impact of Hurricane Irma,” said Publix CEO & President Todd Jones. “I could not be more proud of our associates for their passionate service to our customers before and after the hurricane.”

Publix is privately owned and operated by its 188,000 employees, with 2016 sales of $34 billion. Currently Publix has 1,157 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia. 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. ###