International | Publix Super Markets (2024)

FAQs

What is Publix net earnings for 2024? ›

Net earnings for the three months ended March 30, 2024 were $1.4 billion, compared to $1.2 billion in 2023, an increase of 10.1%.

Lakeland-based Publix Super Markets Inc. reported on Friday it had $57.1 billion in sales during 2023 – which was a 4.7% increase from 2022, which was a 53-week year, the grocer said. Without the added week in 2022, sales for 2023 would have increased 6.7%. Comparable store sales in 2023 increased 4.2%.

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.

In March, Publix reported net earnings of $4.3 billion in 2023, up nearly 50% from the $2.9 billion reported in 2022. But the employee-owned supermarket did see net earnings drop 7.8% in the fourth quarter of the year to $1.2 billion.

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.

The highest-paying job at Publix is a Chief Information Officer (CIO) with a salary of $488,313 per year (estimate).

Due to debt repayement of -3.33% Publix Super Markets Inc improved Total Debt to Equity in first quarter 2024 to 0, a new company low. Within Grocery Stores industry Publix Super Markets Inc achieved the lowest Total Debt to Equity in the first quarter 2024.

Publix is most highly rated for Culture and Walmart is most highly rated for Compensation and benefits. Learn more, read reviews and see open jobs.

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.

Who owns most of Publix? ›

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

It's not surprising that Publix's annual employee turnover rate averages 5% when the industry standard can be as high as 65%.

We are the largest employee-owned company in the United States. We are one of the 10 largest-volume supermarket chains in the country. Our retail sales in 2022 reached $54.5 billion. Currently, we employ over 255,000 people.

Publix is not a publicly traded company. As mentioned, it's privately owned by the founder's family and past and present employees.

It shows Publix continues to boast impressive growth even into its eighth decade. The 2018 revenues translated into net earnings of $2.4 billion, up 3.9 percent from 2017. (Nike made $1.9 billion).

LAKELAND, Fla., April 1, 2024 — The Publix board of directors declared a quarterly dividend of 10.75 cents per share on its common stock.

Net earnings for the fiscal year ended Dec. 30, 2023 were $4.3 billion, compared to $2.9 billion in 2022, an increase of 49%. Earnings per share for the fiscal year ended Dec. 30, 2023 increased to $1.31 per share, up from $0.86 per share in 2022.

LAKELAND, Fla., Feb. 1, 2024 — Publix has been recognized on Fortune's World's Most Admired Companies list for 2024, ranking No. 49. The company has been named on the list annually since 1996.