International | Publix Super Markets (2024)

FAQs

Is Publix doing well financially? ›

Publix's sales for the fiscal year ended Dec. 30, 2023, a 52-week year, were $57.1 billion, a 4.7% increase from $54.5 billion in 2022, a 53-week year.

Effective May 1, 2024, Publix's stock price increased from $15.20 per share to $16.25 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.

Credit: Chris Perello via Shutterstock.com. US supermarket chain Publix has reported net earnings of $4.3bn in the fiscal year 2023 (FY23), a 49% increase from the FY22 figure of $2.9bn. The retailer's earnings per share (EPS) for the year ending 30 December 2023 rose to $1.3, up from $0.8 in FY22.

In March, Publix reported net earnings of $4.3 billion in 2023, up nearly 50% from the $2.9 billion reported in 2022. But the employee-owned supermarket did see net earnings drop 7.8% in the fourth quarter of the year to $1.2 billion.

They give you approximately 8% of your earnings each year in company stock. Anybody with 20 years service is likely to be a millionaire. Low pay. The limit on your 401k contributions is 10% .

You simply need to complete your retirement forms to indicate you want to take the shares in a lump-sum distribution in-kind. Publix will then move the shares from your Profit Plan (tax qualified) into a NON-qualified account with Publix and hold the shares in electronic form.

Publix is the largest employee-owned company in the U.S.; employees and former employees own an estimated 80% and Jenkins family members own the rest. George Jenkins (d. 1996) founded the company in 1930 after he left now-rival Piggly Wiggly; it now employs 250,000 people at its stores.

Publix is not a publicly traded company. As mentioned, it's privately owned by the founder's family and past and present employees.

Due to debt repayement of -3.33% Publix Super Markets Inc improved Total Debt to Equity in first quarter 2024 to 0, a new company low. Within Grocery Stores industry Publix Super Markets Inc achieved the lowest Total Debt to Equity in the first quarter 2024.

Who is the majority owner of Publix? ›

Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.

Hourly pay at Publix Super Markets Inc ranges from an average of $11.37 to $19.57 an hour. Publix Super Markets Inc employees with the job title Meat Cutter make the most with an average hourly rate of $17.21, while employees with the title Bagger make the least with an average hourly rate of $11.00.

Publix has announced that Kevin Murphy, who started his career as a front service clerk in Margate in 1984, will become the CEO, effective January 1, 2024. He will replace current CEO Todd Jones, who is slated to become the grocer's executive chairman. Jones's total compensation in 2022 was $3,197,768.

Sadly for investors, Publix isn't publicly traded. Its shares are owned by employees, directors and the founding Jenkins family. The company's market value is $50 billion, more than Kroger at $40 billion.

Publix Super Markets' net earnings of $4.3 billion in 2023 was up nearly 50% over the $2.9 billion reported in 2022, but the employee-owned supermarket saw net earnings drop 7.8% in the fourth quarter of the year to $1.2 billion, the grocer reported.

Publix Super Markets' sales for the three months ended Dec. 30, 2023, a 13-week quarter, were $14.7 billion, a 4% decrease from the $15.3 billion logged in 2022, a 14‑week quarter. Excluding the additional week in Q4 of 2022, sales for Q4 2023 would have increased 2.8%.

Net earnings for the fiscal year ended Dec. 30, 2023 were $4.3 billion, compared to $2.9 billion in 2022, an increase of 49%. Earnings per share for the fiscal year ended Dec. 30, 2023 increased to $1.31 per share, up from $0.86 per share in 2022.

It's not surprising that Publix's annual employee turnover rate averages 5% when the industry standard can be as high as 65%. Among industry peers, Publix is notable for its high operating margins.