Unrealized losses on equity securities more than halved Publix Super Markets' earnings last quarter.
The Lakeland-based grocery chain reported a 54% decrease in net earnings from $857 million last year to $394.1 million after ordering a 5-for-1 stock split in April. After the split, Publix shares, which are not publicly traded and only available to current employees and board directors, decreased in value from $68.80 to $13.76 per share, according to the company. Publix shares increased to $14.91 in the month after the split but are now down to $13.19.Excluding the impact of the split, Publix’s net earnings over the last nine months would have increased by 4.7% or $200 million over the same period last year.
Shareholders received five shares for every share owned as a result of the split in April in a bid to spur buying and increase the company’s overall liquidity. The last time Publix’s board of directors approved a stock split was in 2006 and, before that, in 1992.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jacksonville scores high in national real estate rankings - Jacksonville Business JournalJacksonville, along with 33 cities, received a rating of strong for investor demand.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Jacksonville cancels Veterans Day parade as Nicole moves closer - Jacksonville Business JournalStorm surge is expected to lead to flooding in low-lying areas.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
ERC and other tax credits every small business should know about - Jacksonville Business JournalExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Publix’s stock-split losses overshadow core performance - Jacksonville Business JournalThe Lakeland-based grocery chain approved its first stock-split in over 15 years in April.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Sunflower Development, VyStar Credit Union partner on NMTCs - Jacksonville Business JournalThe Jacksonville organization is working with a Kansas City consultant as it looks to leverage a federal program in addressing food, child care and health care deserts in its service area.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »
Amid industry challenges, businesses are exploring new solar energy solutions - Jacksonville Business JournalSolar power is facing new challenges, including existing tariffs on solar components and equipment, coupled with the global logistic slowdowns that are affecting every business.
Sumber: JaxBizJournal - 🏆 599. / 51 Baca lebih lajut »