Publix Super Markets, Inc. (commonly known as Publix) is an American supermarket chain based in Lakeland, Florida.
Founded in 1930 by George W. Jenkins, it is an employee-owned, privately held corporation. Publix is currently ranked No. 86 on Fortune magazine's list of 100 Best Companies to Work For 2010[5] and was ranked No. 8 on Forbes' 2010 list of America's Largest Private Companies and is the largest in Florida.[6] The company's 2009 sales totaled US$24.3 billion, with profits of over $1.2 billion,[3] ranking #99 on Fortune magazine's Fortune 500 list of U.S. companies for 2010. Supermarket News ranked Publix No. 7 in the 2009 "Top 75 North American Food Retailers" based on 2008 fiscal year sales.[7] Based on 2006 revenue, Publix is the fifteenth-largest US retailer.[8] Publix's current stock price is $21.65 per share though it is privately held and not available to the public.[9]
Publix has operations in Florida, Georgia, South Carolina, Tennessee, and Alabama. It employs over 140,000 people at its 1,023 retail locations, cooking schools, corporate offices, eight grocery distribution centers, and nine Publix brand manufacturing facilities. The manufacturing facilities produce its dairy, deli, bakery, and other food products.[10] In addition, Publix owns Crispers, a chain of restaurants in Florida specializing in salads; some Crispers locations are adjacent to, or built into, the already existing deli department in select Publix Super Markets.
Publix stands as one of the largest US regional grocery chains. Its main competitors are national grocery chains IGA, Kroger, SuperValu, and Whole Foods; consolidated retail and warehouse chains, including Wal-Mart, Target, Kmart, Costco, Sam's Club and BJ's Wholesale Club; and several regional grocery chains, including BI-LO, Fresh Market, Piggly Wiggly, Sweetbay, Winn-Dixie, and Ingles.
Publix's slogan is "Where Shopping is a Pleasure".
Publix Super Markets Inc. stands as one of the top seven chains of supermarkets in the United States as measured by sales volume and number of stores. It is the largest employee-owned supermarket; its current and former employees own about 85 percent of the business. The rest of the company is owned by its officers and directors, many of whom are members of the Jenkins family. Most of the chain's more than 600 stores are in Florida, but the company also does business in Georgia, Alabama, and South Carolina.
Publix Super Markets, Inc. and its wholly owned subsidiaries are in the primary business of operating retail food supermarkets in Florida, Georgia, Alabama, South Carolina and Tennessee. The Company sells grocery, including dairy, produce, deli, bakery, meat and seafood health and beauty care, general merchandise, pharmacy, floral and other products and services. The Company’s lines of merchandise include a range of nationally advertised and private-label brands, as well as unbranded merchandise, such as produce, meat and seafood. The Company receives the food and non-food products it distributes from many sources. These products are delivered to the supermarkets through Company distribution centers or directly from the suppliers.
Approximately 72% of the total cost of products purchased is delivered to the supermarkets through the Company’s distribution centers. Private label items are produced in the Company’s dairy, bakery and deli manufacturing facilities or are manufactured for the Company by outside suppliers. As of December 25, 2010, the Company operated 1,034 supermarkets. During the fiscal year ended December 25, 2010 (fiscal 2010), 41 supermarkets were opened, including 21 replacement supermarkets, 21 supermarkets were closed and 115 supermarkets were remodeled. During 2010, replacement supermarkets opened replaced 19 of the 21 supermarkets closed during the same period and two supermarkets. As of December 25, 2010, the Company had 738 supermarkets located in Florida, 179 in Georgia, 45 in Alabama, 43 in South Carolina and 29 in Tennessee. As of December 25, 2010, the Company had 12 supermarkets under construction in Florida, three in Alabama and one each in Georgia, South Carolina and Tennessee. As of December 25, 2010, the Company also operated 11 convenience stores, 128 liquor stores and 36 Crispers restaurants. As of December 25, 2010, eight convenience stores were located in Florida, two in Georgia and one in Tennessee.
Publix was named as one of the top ten companies to work for in the nation by the 1993 edition of The 100 Best Companies to Work for in America. However, the timing of this honor was somewhat ironic, as the company was then in the throes of racial- and gender-bias charges with several groups. The chain had been picketed by the United Food and Commercial Workers union since its entry into Georgia for allegedly racial- and gender-biased employment and promotion practices. In 1992, a coalition of labor, feminist, Hispanic, and African American rights groups began threatening to boycott Publix supermarkets if the company did not place more women and minorities in management jobs by 1994. Their position was based on a survey revealing that women held fewer than two percent, African Americans fewer than three percent, and Hispanics fewer than four percent of the store's top management positions. In 1993, the Equal Employment Opportunity Commission asked the U.S. District Court in Miami to force Publix to turn over employment data for an investigation into sex bias charges. That same year, Publix agreed to pay a $500,000 fine after the Labor Department found minors working too many hours and during prohibited times in 11 Publix stores.
The year 1994 saw temporary respite from Publix's legal woes. By 1994, stores in Georgia and South Carolina were contributing to sales growth, and sales reached $8.66 billion, up 16 percent from 1993. In 1995, Publix, now the seventh largest supermarket chain in the nation, also introduced a smaller sized, 27,000-square-foot store in Tampa, Florida. At half the size of most new Publix supermarkets, this downscaled version of Publix's megastore offered neither a pharmacy nor health and beauty aids department, and fewer dry goods to provide space to the deli, bakery, and perishable goods sections. Instead its focus was on prepackaged deli items in response to the new consumer demand for prepared foods. The company also opened its Atlanta Division distribution facility and began to introduce full-service banks located in its stores.
Yet despite such advances, sluggish gains in profits and sales bespoke a difficult year for Publix. Accompanying a general downturn in retailing, sales increased only eight percent to total almost $9.4 billion in 1994. However, Publix added a net total of about 50 stores that year to reach the 500-store mark, and the chain was rated number two, behind Kroger, in the Atlanta market with 31 stores and 14 percent of sales. The company made the Fortune 500 list in 1995 and became the seventh largest-volume supermarket chain in the nation.
However, the chain's legal woes were resurrected in 1995 when eight women sued that Publix clustered women in cashier, delicatessen, and bakery jobs, denying them promotions and equal pay to men. Late in 1995, the U.S. Equal Opportunity Commission joined in the discrimination lawsuit, and in March 1996, a judge ruled to allow the case to proceed as a class-action suit, expanding the field of possible litigants to 120,000 current or former workers and making it the largest sex discrimination case in U.S. history. A second class-action suit was filed in Miami several months later by a firm representing women who worked in the company's administrative offices, warehouses, and plants. In addition, a former employee accused Publix of coding job applications to denote race, gender, and disabilities and work safety inspectors targeted Publix as the Florida company with the most workers' compensation claims.
Publix's growth still continued unabated. By 1996, it had captured 18 percent of the Atlanta market. Its sales for the year totaled $10 billion, an impressive 9.5 percent increase over 1995. However, the settlement in January 1997 of the first of its class-action suits for $81.5 million, the fourth largest such settlement in U.S. history, took a huge chunk out of the company's earnings. In addition, it agreed to pay a $3.5 million fine to the EEOC over accusations that it had denied blacks job opportunities.
Before the company had the chance to recover, a third high-profile class-action suit was filed. Despite the fact that the company had earlier signed an agreement with the Southern Christian Leadership Conference setting specific goals on hiring, training, and promoting more minority workers, and had opened three stores in predominantly black neighborhoods in 1996, early in 1997, a group representing 50,000 blacks, who had worked for Publix since 1993, claimed that the chain systematically denied equal hiring and promotion opportunities to blacks and created a hostile work environment for minorities.
Still Publix remained a favorite among customers. A Consumer Reports article in 1997 ranked it as tied for the highest overall score in terms of shopping experience. It placed above average for checkout speed, meat, deli, and produce, and average on price. The younger Jenkins had successfully wed Publix's longstanding commitment to customer service to advances in technology. Throughout 1998 and 1999, the chain held to its practice of building 40 or more stores a year. In 1998, it pulled in $12 billion in sales and $378 million in profits. In 1999, the company completed a new corporate headquarters in Polk County, Florida.
Principal Competitors: Albertson's Inc.; The Kroger Company; Winn-Dixie Stores, Inc.
OVERALL
Beta: 0.10
Market Cap (Mil.): $--
Shares Outstanding (Mil.): 172.23
Annual Dividend: --
Yield (%): --
FINANCIALS
PUSH.PK Industry Sector
P/E (TTM): -- 18.65 36.23
EPS (TTM): 29.86 -- --
ROI: 20.32 6.70 8.03
ROE: 24.26 8.88 12.95
Statistics:
Private Company
Incorporated: 1930
Employees: 117,000
Sales: $12.06 billion (1998)
NAIC: 44511 Supermarkets and Other Grocery (Except Convenience) Stores
Key Dates:
1930: Publix is founded by George W. Jenkins in Winter Haven, Florida.
1940: Jenkins closes his first two stores and opens the first Publix supermarket.
1956: Publix records it first million-dollar profit; the company opens a 125,000-square-foot warehouse and headquarters in Lakeland, Florida.
1959: First Miami Publix supermarket opens.
1964: Publix opens its 100th store in Winter Haven, Florida.
1974: The chain captures $1 billion in sales and opens a 200,000-square-foot warehouse in Jacksonville.
1990: Howard M. Jenkins succeeds George W. Jenkins as CEO.
1994: Three million-square-foot distribution/warehouse/diary processing facility opens in Atlanta.
1995: Publix is named a Fortune 500 company; eight women bring a class-action suit against Publix.
1996: George Jenkins dies.
Name Age Since Current Position
Charles Jenkins 67 2008 Chairman of the Board
William Crenshaw 60 2008 Chief Executive Officer, Director
Randall Jones 48 2008 President
Hoyt Barnett 67 1985 Vice Chairman of the Board
David Phillips 51 Chief Financial Officer, Treasurer
Laurie Douglas 47 2006 Senior Vice President, Chief Information Officer
John Attaway 52 2005 Senior Vice President, General Counsel, Secretary
John Hrabusa 55 2005 Senior Vice President
Charles Roskovich 49 2011 Senior Vice President
G. Gino DiGrazia 48 2002 Vice President, Controller
Sandra Estep 51 2002 Vice President, Controller
Linda Kane 45 2002 Vice President, Assistant Secretary
David Bornmann 53 1998 Vice President
David Bridges 61 2000 Vice President
Scott Brubaker 52 2005 Vice President
David Duncan 57 1999 Vice President
William Fauerbach 64 1997 Vice President
Linda Hall 51 2002 Vice President
M. Clayton Hollis 54 1994 Vice President
Mark Irby 55 1989 Vice President
Thomas McLaughlin 60 1994 Vice President
Dale Myers 58 2001 Vice President
Alfred Ottolino 45 2004 Vice President
Richard Schuler 55 2000 Vice President
Michael Smith 51 2005 Vice President
Marc Salm 50 2008 Vice President
Jeffrey Chamberlain 54 2011 Vice President
Joseph DiBenedetto 51 2011 Vice President
Sharon Miller 67 2003 Assistant Secretary
Carol Barnett 54 1983 Director
Howard Jenkins 59 2008 Director
Sherrill Hudson 68 2003 Independent Director
Maria Sastre 55 2005 Independent Director
E.Vane McClurg 69 1988 Independent Director
Jane Finley 64 2009 Independent Director
Address:
1936 George Jenkins Boulevard
Lakeland, Florida 33801
U.S.A.
Founded in 1930 by George W. Jenkins, it is an employee-owned, privately held corporation. Publix is currently ranked No. 86 on Fortune magazine's list of 100 Best Companies to Work For 2010[5] and was ranked No. 8 on Forbes' 2010 list of America's Largest Private Companies and is the largest in Florida.[6] The company's 2009 sales totaled US$24.3 billion, with profits of over $1.2 billion,[3] ranking #99 on Fortune magazine's Fortune 500 list of U.S. companies for 2010. Supermarket News ranked Publix No. 7 in the 2009 "Top 75 North American Food Retailers" based on 2008 fiscal year sales.[7] Based on 2006 revenue, Publix is the fifteenth-largest US retailer.[8] Publix's current stock price is $21.65 per share though it is privately held and not available to the public.[9]
Publix has operations in Florida, Georgia, South Carolina, Tennessee, and Alabama. It employs over 140,000 people at its 1,023 retail locations, cooking schools, corporate offices, eight grocery distribution centers, and nine Publix brand manufacturing facilities. The manufacturing facilities produce its dairy, deli, bakery, and other food products.[10] In addition, Publix owns Crispers, a chain of restaurants in Florida specializing in salads; some Crispers locations are adjacent to, or built into, the already existing deli department in select Publix Super Markets.
Publix stands as one of the largest US regional grocery chains. Its main competitors are national grocery chains IGA, Kroger, SuperValu, and Whole Foods; consolidated retail and warehouse chains, including Wal-Mart, Target, Kmart, Costco, Sam's Club and BJ's Wholesale Club; and several regional grocery chains, including BI-LO, Fresh Market, Piggly Wiggly, Sweetbay, Winn-Dixie, and Ingles.
Publix's slogan is "Where Shopping is a Pleasure".
Publix Super Markets Inc. stands as one of the top seven chains of supermarkets in the United States as measured by sales volume and number of stores. It is the largest employee-owned supermarket; its current and former employees own about 85 percent of the business. The rest of the company is owned by its officers and directors, many of whom are members of the Jenkins family. Most of the chain's more than 600 stores are in Florida, but the company also does business in Georgia, Alabama, and South Carolina.
Publix Super Markets, Inc. and its wholly owned subsidiaries are in the primary business of operating retail food supermarkets in Florida, Georgia, Alabama, South Carolina and Tennessee. The Company sells grocery, including dairy, produce, deli, bakery, meat and seafood health and beauty care, general merchandise, pharmacy, floral and other products and services. The Company’s lines of merchandise include a range of nationally advertised and private-label brands, as well as unbranded merchandise, such as produce, meat and seafood. The Company receives the food and non-food products it distributes from many sources. These products are delivered to the supermarkets through Company distribution centers or directly from the suppliers.
Approximately 72% of the total cost of products purchased is delivered to the supermarkets through the Company’s distribution centers. Private label items are produced in the Company’s dairy, bakery and deli manufacturing facilities or are manufactured for the Company by outside suppliers. As of December 25, 2010, the Company operated 1,034 supermarkets. During the fiscal year ended December 25, 2010 (fiscal 2010), 41 supermarkets were opened, including 21 replacement supermarkets, 21 supermarkets were closed and 115 supermarkets were remodeled. During 2010, replacement supermarkets opened replaced 19 of the 21 supermarkets closed during the same period and two supermarkets. As of December 25, 2010, the Company had 738 supermarkets located in Florida, 179 in Georgia, 45 in Alabama, 43 in South Carolina and 29 in Tennessee. As of December 25, 2010, the Company had 12 supermarkets under construction in Florida, three in Alabama and one each in Georgia, South Carolina and Tennessee. As of December 25, 2010, the Company also operated 11 convenience stores, 128 liquor stores and 36 Crispers restaurants. As of December 25, 2010, eight convenience stores were located in Florida, two in Georgia and one in Tennessee.
Publix was named as one of the top ten companies to work for in the nation by the 1993 edition of The 100 Best Companies to Work for in America. However, the timing of this honor was somewhat ironic, as the company was then in the throes of racial- and gender-bias charges with several groups. The chain had been picketed by the United Food and Commercial Workers union since its entry into Georgia for allegedly racial- and gender-biased employment and promotion practices. In 1992, a coalition of labor, feminist, Hispanic, and African American rights groups began threatening to boycott Publix supermarkets if the company did not place more women and minorities in management jobs by 1994. Their position was based on a survey revealing that women held fewer than two percent, African Americans fewer than three percent, and Hispanics fewer than four percent of the store's top management positions. In 1993, the Equal Employment Opportunity Commission asked the U.S. District Court in Miami to force Publix to turn over employment data for an investigation into sex bias charges. That same year, Publix agreed to pay a $500,000 fine after the Labor Department found minors working too many hours and during prohibited times in 11 Publix stores.
The year 1994 saw temporary respite from Publix's legal woes. By 1994, stores in Georgia and South Carolina were contributing to sales growth, and sales reached $8.66 billion, up 16 percent from 1993. In 1995, Publix, now the seventh largest supermarket chain in the nation, also introduced a smaller sized, 27,000-square-foot store in Tampa, Florida. At half the size of most new Publix supermarkets, this downscaled version of Publix's megastore offered neither a pharmacy nor health and beauty aids department, and fewer dry goods to provide space to the deli, bakery, and perishable goods sections. Instead its focus was on prepackaged deli items in response to the new consumer demand for prepared foods. The company also opened its Atlanta Division distribution facility and began to introduce full-service banks located in its stores.
Yet despite such advances, sluggish gains in profits and sales bespoke a difficult year for Publix. Accompanying a general downturn in retailing, sales increased only eight percent to total almost $9.4 billion in 1994. However, Publix added a net total of about 50 stores that year to reach the 500-store mark, and the chain was rated number two, behind Kroger, in the Atlanta market with 31 stores and 14 percent of sales. The company made the Fortune 500 list in 1995 and became the seventh largest-volume supermarket chain in the nation.
However, the chain's legal woes were resurrected in 1995 when eight women sued that Publix clustered women in cashier, delicatessen, and bakery jobs, denying them promotions and equal pay to men. Late in 1995, the U.S. Equal Opportunity Commission joined in the discrimination lawsuit, and in March 1996, a judge ruled to allow the case to proceed as a class-action suit, expanding the field of possible litigants to 120,000 current or former workers and making it the largest sex discrimination case in U.S. history. A second class-action suit was filed in Miami several months later by a firm representing women who worked in the company's administrative offices, warehouses, and plants. In addition, a former employee accused Publix of coding job applications to denote race, gender, and disabilities and work safety inspectors targeted Publix as the Florida company with the most workers' compensation claims.
Publix's growth still continued unabated. By 1996, it had captured 18 percent of the Atlanta market. Its sales for the year totaled $10 billion, an impressive 9.5 percent increase over 1995. However, the settlement in January 1997 of the first of its class-action suits for $81.5 million, the fourth largest such settlement in U.S. history, took a huge chunk out of the company's earnings. In addition, it agreed to pay a $3.5 million fine to the EEOC over accusations that it had denied blacks job opportunities.
Before the company had the chance to recover, a third high-profile class-action suit was filed. Despite the fact that the company had earlier signed an agreement with the Southern Christian Leadership Conference setting specific goals on hiring, training, and promoting more minority workers, and had opened three stores in predominantly black neighborhoods in 1996, early in 1997, a group representing 50,000 blacks, who had worked for Publix since 1993, claimed that the chain systematically denied equal hiring and promotion opportunities to blacks and created a hostile work environment for minorities.
Still Publix remained a favorite among customers. A Consumer Reports article in 1997 ranked it as tied for the highest overall score in terms of shopping experience. It placed above average for checkout speed, meat, deli, and produce, and average on price. The younger Jenkins had successfully wed Publix's longstanding commitment to customer service to advances in technology. Throughout 1998 and 1999, the chain held to its practice of building 40 or more stores a year. In 1998, it pulled in $12 billion in sales and $378 million in profits. In 1999, the company completed a new corporate headquarters in Polk County, Florida.
Principal Competitors: Albertson's Inc.; The Kroger Company; Winn-Dixie Stores, Inc.
OVERALL
Beta: 0.10
Market Cap (Mil.): $--
Shares Outstanding (Mil.): 172.23
Annual Dividend: --
Yield (%): --
FINANCIALS
PUSH.PK Industry Sector
P/E (TTM): -- 18.65 36.23
EPS (TTM): 29.86 -- --
ROI: 20.32 6.70 8.03
ROE: 24.26 8.88 12.95
Statistics:
Private Company
Incorporated: 1930
Employees: 117,000
Sales: $12.06 billion (1998)
NAIC: 44511 Supermarkets and Other Grocery (Except Convenience) Stores
Key Dates:
1930: Publix is founded by George W. Jenkins in Winter Haven, Florida.
1940: Jenkins closes his first two stores and opens the first Publix supermarket.
1956: Publix records it first million-dollar profit; the company opens a 125,000-square-foot warehouse and headquarters in Lakeland, Florida.
1959: First Miami Publix supermarket opens.
1964: Publix opens its 100th store in Winter Haven, Florida.
1974: The chain captures $1 billion in sales and opens a 200,000-square-foot warehouse in Jacksonville.
1990: Howard M. Jenkins succeeds George W. Jenkins as CEO.
1994: Three million-square-foot distribution/warehouse/diary processing facility opens in Atlanta.
1995: Publix is named a Fortune 500 company; eight women bring a class-action suit against Publix.
1996: George Jenkins dies.
Name Age Since Current Position
Charles Jenkins 67 2008 Chairman of the Board
William Crenshaw 60 2008 Chief Executive Officer, Director
Randall Jones 48 2008 President
Hoyt Barnett 67 1985 Vice Chairman of the Board
David Phillips 51 Chief Financial Officer, Treasurer
Laurie Douglas 47 2006 Senior Vice President, Chief Information Officer
John Attaway 52 2005 Senior Vice President, General Counsel, Secretary
John Hrabusa 55 2005 Senior Vice President
Charles Roskovich 49 2011 Senior Vice President
G. Gino DiGrazia 48 2002 Vice President, Controller
Sandra Estep 51 2002 Vice President, Controller
Linda Kane 45 2002 Vice President, Assistant Secretary
David Bornmann 53 1998 Vice President
David Bridges 61 2000 Vice President
Scott Brubaker 52 2005 Vice President
David Duncan 57 1999 Vice President
William Fauerbach 64 1997 Vice President
Linda Hall 51 2002 Vice President
M. Clayton Hollis 54 1994 Vice President
Mark Irby 55 1989 Vice President
Thomas McLaughlin 60 1994 Vice President
Dale Myers 58 2001 Vice President
Alfred Ottolino 45 2004 Vice President
Richard Schuler 55 2000 Vice President
Michael Smith 51 2005 Vice President
Marc Salm 50 2008 Vice President
Jeffrey Chamberlain 54 2011 Vice President
Joseph DiBenedetto 51 2011 Vice President
Sharon Miller 67 2003 Assistant Secretary
Carol Barnett 54 1983 Director
Howard Jenkins 59 2008 Director
Sherrill Hudson 68 2003 Independent Director
Maria Sastre 55 2005 Independent Director
E.Vane McClurg 69 1988 Independent Director
Jane Finley 64 2009 Independent Director
Address:
1936 George Jenkins Boulevard
Lakeland, Florida 33801
U.S.A.