Global 500

Rank
308
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Publix Super Markets

G500 2017—Publix Super Markets
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 $15 billion. Photographer: Mark Elias/Bloomberg via Getty ImagesMark Elias—Bloomberg/Getty Images
  • Previous Rank
    317
  • Revenues ($M)
    34274
  • Revenue Percent Change
    5.1
  • Profits ($M)
    2025.7
  • Profits Percent Change
    3.1
  • Assets ($M)
    17464
  • Employees
    191000

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

CEORandall T. Jones Sr.
SectorFood & Drug Stores
IndustryFood and Drug Stores
HQ LocationLakeland, FL
Websitewww.publix.com
Years on Global 500 List23
Employees191,000

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 Revenues5.9%
Profits as % of Assets11.6%
Profits as % of Stockholder Equity15%