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85 - Publix Super Markets

Michael Fredette

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?

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$34274
Revenue Percent Change5.1%
Profits ($M)$2,025.7
Profits Percent Change3.1%
Assets ($M)$17464
Market Value — as of March 31, 2017 ($M)$
Employees191,000
Previous Rank87

Company Facts

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

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