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Lakeland, FL-based Publix Super Markets has recently announced its Q1 earnings report. Sales for the quarter reached $7.8 billion, up 4.1% from last year's $7.5 billion, according to a press release.

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It is well worth mentioning that Publix stock is not publicly traded. Instead, it is made available for sale only to current Publix associates and members of its Board of Directors.

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"I'm proud of our Publix associates who continue to deliver premier customer service," said Publix CEO Ed Crenshaw. "Our good operating performance is a result of their hard work and dedication."

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Comparable-store sales for the first quarter of 2014 also increased 4.0%.

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Net earnings for the first quarter of 2014 were $493.7 million, compared to $471.3 million in 2013, an increase of 4.8%.

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Earnings per share for the first quarter increased to $0.63 for 2014, up from $0.61 per share in 2013.

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Effective May 1, 2014, Publix's stock price increased from $30.15 per share to $32.50 per share.

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Publix Super Markets

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