Net earnings excluding impact of fair value adjustmentĮarnings per share excluding impact of fair value adjustment (Amounts are in millions, except per share amounts)įair value adjustment, due to net unrealized (gain) loss, on equity securities held at end of period All applicable share and per share amounts have been retroactively adjusted to give effect to the stock split. The company believes this information is useful in providing period-to-period comparisons of the results of operations. The company excludes the impact of the fair value adjustment since it is primarily due to temporary equity market fluctuations that do not reflect the company’s operations. These measures are not in accordance with, or an alternative to, GAAP. generally accepted accounting principles (GAAP), the company presents net earnings and earnings per share excluding the impact of equity securities being measured at fair value with net unrealized gains and losses from changes in the fair value recognized in earnings (fair value adjustment). In addition to reporting financial results for the three months ended Apand Main accordance with U.S. "I’m proud of our associates, the owners of Publix, for continuing to make us a leader in our industry and providing a great shopping experience," said Publix CEO Todd Jones. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors. Securities and Exchange Commission and made available on the company’s website at /stock.Įffective May 1, 2023, Publix’s stock price increased from $14.55 per share to $14.97 per share. These amounts are based on unaudited financial statements that will be filed today with the U.S. Earnings per share would have been $0.32 per share, compared to $0.31 per share in 2022, adjusted for the effect of the stock split. Excluding the impact of net unrealized gains on equity securities in 2023 and net unrealized losses on equity securities in 2022, net earnings for the three months ended Apand Mawould have been $1.1 billion. Earnings per share for the three months ended Apincreased to $0.37 per share, up from $0.18 per share in 2022, adjusted for the effect of the 5-for-1 stock split that occurred on April 14, 2022. Net earnings for the three months ended Apwere $1.2 billion, compared to $618 million in 2022, an increase of 100.8%. Comparable store sales for the three months ended Apincreased 6.4%. LAKELAND, Fla., May 01, 2023-( BUSINESS WIRE)-Publix’s sales for the three months ended Apwere $14.3 billion, an 8.2% increase from $13.2 billion in 2022.
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