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Publix third-quarter sales up 4.4%

BY Michael Johnsen

LAKELAND, Fla. — Publix on Thursday announced a 4.4% increase in third-quarter sales to $6.7 billion. Same-store sales were up 2.5%. 

“Although the economy continues to be weak, I’m pleased with the improvement in our operating results and stock price,” stated Publix CEO Ed Crenshaw. “I congratulate our associates for continuing to deliver exceptional customer service.”

Net earnings for the third quarter were $368.4 million, an increase of 18.1%. Earnings per share for the third quarter increased to $0.47 for 2012, up from $0.40 per share in 2011. 

Publix’s sales for the first nine months of 2012 were $20.5 billion, a 3.9 percent increase from last year’s $19.7 billion. Comparable-store sales for the first nine months of 2012 increased 2.6 percent. 

Effective Nov. 1, 2012, Publix’s stock price increased from $22.00 per share to $22.50 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. 

 

 

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Wegmans able to get all stores open in wake of Hurricane Sandy

BY Michael Johnsen

ROCHESTER, N.Y. — Wegmans Food Markets on Tuesday reported that they were able to open all 81 of the company’s stores in the six states where they do business, all of which were affected to some degree by Hurricane Sandy. Wegmans’ stores are located in New York, New Jersey, Pennsylvania, Virginia, Maryland and Massachusetts.

“We recognize that we provide an essential service, and not just food, but prescription and over-the-counter drugs," stated Jo Natale, Wegmans director of media relations. "Most of our stores have not been affected by power outages, but several were. We have been planning for days by testing our generators, bringing in additional generators where necessary, and securing an adequate fuel supply.” 

Wegmans will now work with its stores to assess community needs to see how they can help, Natale said.

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Walgreens pledges $250,000 toward disaster recovery, re-opens two-thirds of pharmacies in area

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens on Wednesday pledged $250,000 to the American Red Cross Disaster Relief Fund to supplement the organization’s support of East Coast communities recovering from Hurricane Sandy.

The company also is donating three semitrailer truckloads of bottled water to a Red Cross facility in New Brunswick, N.J., to distribute throughout the disaster area. Walgreens stores in the region also are donating merchandise in response to community requests that have come in since the storm’s impact.

Walgreens continues its effort to serve customers by reopening stores, keeping 24-hour stores in operation and restocking shelves. By 2 p.m. EST Wednesday, more than two-thirds of the 750 stores initially closed due to the storm had reopened, leaving only 239 still closed. More than a dozen were open without power, and 55 were open despite light or moderate damage. Numerous stores are operating with electric generators, 180 of which were stationed in advance of the storm for rapid deployment. 

Walgreens has nearly 1,400 stores in the impacted area.

Major Walgreens distribution centers, including facilities in Windsor, Conn., Bethlehem, Penn., and Maspeth, N.Y. — the latter serving Duane Reade stores — have full power restored and are operating.

Store status information is regularly updated throughout the emergency and is available online at http://news.walgreens.com.

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