About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Publix Reports Third Quarter 2024 Results and Stock Price

By: via Business Wire

Publix’s sales for the three months ended Sept. 28, 2024 were $14.6 billion, a 4.9% increase from $14 billion in 2023. Comparable store sales for the three months ended Sept. 28, 2024 increased 3.4%. The company estimates sales for the three months ended Sept. 28, 2024 increased 0.6% due to the impact of Hurricane Helene.

Net earnings for the three months ended Sept. 28, 2024 were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share for the three months ended Sept. 28, 2024 increased to $0.33 per share, up from $0.25 per share in 2023. Excluding the impact of net unrealized gains on equity securities in 2024 and net unrealized losses on equity securities in 2023, net earnings for the three months ended Sept. 28, 2024 would have been $930 million, compared to $940 million in 2023, a decrease of 1.1%. Earnings per share for the three months ended Sept. 28, 2024 and Sept. 30, 2023 would have been $0.28 per share.

Publix’s sales for the nine months ended Sept. 28, 2024 were $44.2 billion, a 4.3% increase from $42.4 billion in 2023. Comparable store sales for the nine months ended Sept. 28, 2024 increased 2.5%.

Net earnings for the nine months ended Sept. 28, 2024 were $3.4 billion, compared to $3.2 billion in 2023, an increase of 8.3%. Earnings per share for the nine months ended Sept. 28, 2024 increased to $1.04 per share, up from $0.95 per share in 2023. Excluding the impact of net unrealized gains on equity securities in 2024 and 2023, net earnings for the nine months ended Sept. 28, 2024 would have been $2.9 billion, compared to $3 billion in 2023, a decrease of 3%. Earnings per share for the nine months ended Sept. 28, 2024 would have been $0.90 per share, compared to $0.91 per share in 2023.

These amounts are based on unaudited financial statements that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at corporate.publix.com/stock.

Effective Nov. 1, 2024, Publix’s stock price increased from $16.46 per share to $18.05 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.

“During the last several weeks, many of our associates and customers have faced difficult times with Hurricanes Helene and Milton,” said Publix CEO Kevin Murphy. “I’m so proud of our associates for the comfort they bring to our customers and their fellow associates.”

Non-GAAP Financial Measures

In addition to reporting financial results for the three and nine months ended Sept. 28, 2024 and Sept. 30, 2023 in accordance with U.S. 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). These measures are not in accordance with, or an alternative to, GAAP. 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. The company believes this information is useful in providing period-to-period comparisons of the results of operations.

Following is a reconciliation of net earnings to net earnings excluding the impact of the fair value adjustment for the three months ended Sept. 28, 2024 and Sept. 30, 2023:

 

Three Months Ended

 

Sept. 28, 2024

Sept. 30, 2023

 

(Amounts are in millions, except

per share amounts)

Net earnings

 

$

1,097

 

 

 

833

 

 

Fair value adjustment, due to net unrealized (gain) loss, on equity securities held at end of period

 

 

(224

)

 

 

144

 

 

Income tax expense (benefit) (1)

 

 

57

 

 

 

(37

)

 

Net earnings excluding impact of fair value adjustment

 

$

930

 

 

 

940

 

 

Weighted average shares outstanding

 

 

3,278

 

 

 

3,320

 

 

Earnings per share excluding impact of fair value adjustment

 

$

0.28

 

 

 

0.28

 

 

Following is a reconciliation of net earnings to net earnings excluding the impact of the fair value adjustment for the nine months ended Sept. 28, 2024 and Sept. 30, 2023:

 

Nine Months Ended

 

Sept. 28, 2024

Sept. 30, 2023

 

(Amounts are in millions, except

per share amounts)

Net earnings

 

$

3,435

 

 

 

3,171

 

 

Fair value adjustment, due to net unrealized gain, on equity securities held at end of period

 

 

(654

)

 

 

(225

)

 

Net gain on sale of equity securities previously recognized through fair value adjustment

 

 

—

 

 

 

48

 

 

Income tax expense (1)

 

 

166

 

 

 

45

 

 

Net earnings excluding impact of fair value adjustment

 

$

2,947

 

 

 

3,039

 

 

Weighted average shares outstanding

 

 

3,290

 

 

 

3,327

 

 

Earnings per share excluding impact of fair value adjustment

 

$

0.90

 

 

 

0.91

 

 

(1) Income tax expense (benefit) is based on the company’s combined federal and state statutory income tax rates.

Publix, the largest employee-owned company in the U.S. with more than 255,000 associates, currently operates 1,383 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky. For 27 consecutive years, the company has been recognized by Fortune as a great place to work. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s newsroom at corporate.publix.com/newsroom.

Contacts

Maria Brous

(863) 680-5339

More News

View More
Palantir’s New Healthcare Deal Boosts AI and Data Reach
Via MarketBeat
Topics Artificial Intelligence
Tickers ONMD PLTR
GM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a Buy
Via MarketBeat
Topics Electric Vehicles
Tickers GM
Novo Nordisk’s Akero Therapeutics Buy Targets Eli Lilly’s Lead
Via MarketBeat
Topics World Trade
Tickers LLY NVO SEPN
ASML Can Hit New Highs, But It Won’t Be Easy: Here’s Why
Via MarketBeat
Topics Artificial Intelligence
Tickers ASML
Vertiv Stock Surges on Strategic CFO Hire and AI Momentum
Via MarketBeat
Topics Artificial Intelligence
Tickers NVDA VRT WAB
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.