Customers grab Publix Super Markets Inc. brand purified water bottles at the company's store ahead of Hurricane Matthew making landfall in West Palm Beach, Florida, U.S., on Wednesday, Oct. 5, 2016. Hurricane Matthew has thousands fleeing the U.S. Southeast where its expected to batter the coastline and threaten electricity supplies to more than 1 million people. Potential losses are seen as high as $15 billion. Photographer: Mark Elias/Bloomberg via Getty ImagesMark Elias—Bloomberg/Getty Images
- Previous Rank317
- Revenues ($M)34274
- Revenue Percent Change5.1
- Profits ($M)2025.7
- Profits Percent Change3.1
- Assets ($M)17464
- Employees191000
For almost a decade the 81-year old, privately-held supermarket chain in the Southeastern U.S. was on a slow growth trajectory under CEO Ed Crenshaw, who semi-retired in May 2016 but continues as chairman. Under the leadership of lifelong Publix associate Todd Jones, the world’s largest employee-owned company recorded $34 billion in 2016 sales, an 5% increase from the (slightly shorter) year prior, and record profits of more than $2 billion. The company has growth on the brain with expansion plans that include Virginia and the Carolinas. With 180,000 employees (and co-owners thanks to a health stock ownership plan), what’s a few more?
Company Information
CEO | Randall T. Jones Sr. |
Sector | Food & Drug Stores |
Industry | Food and Drug Stores |
HQ Location | Lakeland, FL |
Website | www.publix.com |
Years on Global 500 List | 23 |
Employees | 191,000 |
Key Financials (Last Fiscal Year)
Revenues ($M) | $34,274 |
Profits ($M) | $2,025.7 |
Assets ($M) | $17,464 |
Total Stockholder Equity ($M) | $13,473 |
Profit Ratios
Profit as % of Revenues | 5.9% |
Profits as % of Assets | 11.6% |
Profits as % of Stockholder Equity | 15% |