Publix Has Record Year of Revenue, Eclipsing $30B in Sales
Ashley Gurbal Kritzer of The Tampa Bay Business Journal has the story that Publix reported store sales of $30.6B for 2014 and a profit of $1.65B, up 6.1% while comparable store sales rose 5%. It also reported it plans to spend $1.3B on capital expenditures in 2015, about the same as in 2014, but almost 50% more than budgeted and almost double what it spent in 2013. (For its own investment and employee pension portfolio Publix has smartly decided to be its own landlord and has been on a tear lately to buy many of its own better-performing stores/centers from developers and investors; it bought some 70 centers in Florida alone in 2014, and opened 32 new stores, with one of its new focuses now in and around Charlotte).
Posted on March 7, 2015, in JAX Business Journal, Shopping Centers/Retailers, Transactions and tagged Ashley Gurbal Kritzer, publix, tampa bay business journal. Bookmark the permalink. Leave a comment.