Publix is an American supermarket chain headquartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by current and former employees.
It is considered the largest employee-owned company in the world with over 175,000 employees. As of 2021, Publix has 1,242 stores in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina, and Virginia.
Publix reported sales of $38.1 billion in 2020, a 4.4% increase from 2019. Comparable store sales increased 3.5%.
The company added 54 new stores in 2020 including 12 relocated stores and 42 new stores. As of December 26, 2020, Publix operated 1,242 stores in 7 states with 1,948 pharmacies and 495 Publix GreenWise Market locations.
Publix is regularly ranked as one of the most trusted brands in America and as one of the best companies to work for. In 2021, FORTUNE magazine ranked Publix #67 on its list of the 100 Best Companies to Work For and #5 on its list of the World’s Most Admired Companies in the food and drug store category.
In addition, Publix’s stock price has increased significantly over the past year due to strong financial results and increased investor confidence in the company’s long-term prospects. As of February 2021, Publix’s stock price was $44.39 per share, up from $36.73 per share at the end of 2020. This gives Publix a market capitalization of $23.7 billion as of February 2021.
How much is Publix worth 2021?
As of February 2021, Publix’s stock price was $44.39 per share, giving the company a market capitalization of $23.7 billion.
