Florida | 000-00981 | 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) |
¨ | 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)) | ||||
Securities registered pursuant to Section 12(b) of the Act: None | |||||
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. ¨ | |||||
PUBLIX SUPER MARKETS, INC. | ||||||||
Dated: August 3, 2020 | By: | /s/ David P. Phillips | ||||||
David P. Phillips, Executive Vice President and Chief Financial Officer | ||||||||
(Principal Financial and Accounting Officer) | ||||||||
Exhibit 99.1 Contact: Maria Brous (863) 680-5339 |
Three Months Ended | ||||||||||||||||||||
June 27, 2020 | June 29, 2019 | |||||||||||||||||||
(amounts are in millions, except per share amounts) | ||||||||||||||||||||
Net earnings | $ | 1,367.1 | 661.1 | |||||||||||||||||
Fair value adjustment, due to net unrealized gain, on equity securities held at end of period | (597.4) | (5.0) | ||||||||||||||||||
Net gain (loss) on sale of equity securities previously recognized through fair value adjustment | 76.0 | (27.2) | ||||||||||||||||||
Income tax expense (1) | 132.6 | 8.1 | ||||||||||||||||||
Net earnings excluding impact of fair value adjustment | $ | 978.3 | 637.0 | |||||||||||||||||
Weighted average shares outstanding | 703.0 | 716.5 | ||||||||||||||||||
Earnings per share excluding impact of fair value adjustment | $ | 1.39 | 0.89 |
Six Months Ended | ||||||||||||||||||||
June 27, 2020 | June 29, 2019 | |||||||||||||||||||
(amounts are in millions, except per share amounts) | ||||||||||||||||||||
Net earnings | $ | 2,034.4 | 1,642.0 | |||||||||||||||||
Fair value adjustment, due to net unrealized gain, on equity securities held at end of period | (210.0) | (319.3) | ||||||||||||||||||
Net gain (loss) on sale of equity securities previously recognized through fair value adjustment | 76.0 | (33.8) | ||||||||||||||||||
Income tax expense (1) | 34.1 | 89.8 | ||||||||||||||||||
Net earnings excluding impact of fair value adjustment | $ | 1,934.5 | 1,378.7 | |||||||||||||||||
Weighted average shares outstanding | 704.9 | 716.3 | ||||||||||||||||||
Earnings per share excluding impact of fair value adjustment | $ | 2.74 | 1.92 |
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