Publix Super Market At Lockwood Commons (2024)

FAQs

Who owns Publix? ›

The Jenkins family built and own part of Florida-based Publix Super Markets, which operates 1,360 grocery stores in eight southeastern states. 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.

Publix earned more on its $57 billion in sales last year than Kroger did with $150 billion in revenues. 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.

Our common stock is not publicly traded on a stock exchange, so it does not have a "ticker" symbol. Only eligible active associates and members of our board of directors can purchase Publix stock during designated offering periods.

Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.

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.

On Sept. 6, 1930, George Jenkins opened the first Publix location, known then as Publix Food Store, in Winter Haven, Florida. Today, that brick-and-mortar building is still standing, occupied by a restaurant called Tempo 1930.

Is Publix owned by Kroger? Though I'm sure Kroger would love to take ownership of it, and expand their vast grocery empire, Publix is actually an employee owned and operated store, with no intention of selling to Kroger. They remain two separate entities, living to battle each other…

Publix is well known for their super fresh produce, high-value store-brand products, and their big BOGO (buy-one, get-one) deals. The employee-owned grocery chain's tagline is “Where Shopping is a Pleasure” because it is quite literally enjoyable to step into any of their brightly lit and well-organized stores.

Employee Stock Purchase Plan

Associates become eligible to purchase Publix stock after one full year of continuous employment. With these three plans, it's not uncommon to hear about people who've retired from Publix as millionaires.

Who makes the most at Publix? ›

Publix pay FAQs

The highest-paying job at Publix is a Lead Software Engineer with a salary of $241,452 per year (estimate). The lowest-paying job at Publix is a Bagger with a salary of $29,759 per year (estimate). Publix employees attributed a compensation and benefits rating of 3.7/5 stars to their company.

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.

Same-store sales were up 5.4% in 2014, the highest rate of growth in five years, and overall sales passed $30.5 billion. The multi-generational Jenkins family owns about 20% of Publix, but employees are the controlling shareholders, with an 80% stake.

In 2023, Publix's net income increased only from $4.05 billion to $4.09 billion year-over-year, or a 0.1 percent increase. While the company does report a 49 percent increase in net income in its 2023 annual report, this occurs only when an increase in the value of equity securities held by the company is included.

The Employee Stock Purchase Plan (ESPP) allows associates to purchase stock in an individual, joint or custodial account during four time periods each year – referred to as offering periods.

Is Publix owned by Kroger? Though I'm sure Kroger would love to take ownership of it, and expand their vast grocery empire, Publix is actually an employee owned and operated store, with no intention of selling to Kroger. They remain two separate entities, living to battle each other…

Howard Jenkins: Family

Howard has two siblings, a brother named George W. Jenkins Jr. and a sister named Julie Jenkins Fancelli. The Jenkins family is among the richest in Florida and thirty-ninth richest in America, with a net worth of $8.8 billion in 2020 (according to Forbes).

The largest stockholder is the company's Employee Stock Ownership Plan, which hold nearly 230 million shares valued at $10.4 billion.

Kroger, the owner of Ralphs, and Albertsons, who owns Safeway, have “pushed back the closing of their proposed megamerger, which originally was set for early 2024,” Axios reports.