Food and Staples Retailing
Company Overview of Publix Super Markets, Inc.
Publix Super Markets, Inc., together with its subsidiaries, operates retail food supermarkets. It provides various grocery products, including dairy, produce, deli, bakery, meat, and seafood; and health and beauty care, general merchandise, pharmacy, floral, and other products and services. As of March 10, 2015, the company operated 1,097 stores in 6 states of the United States. Publix Super Markets, Inc. was founded in 1921 and is based in Lakeland, Florida.
3300 Publix Corporate Parkway
Lakeland, FL 33811
Founded in 1921
Key Executives for Publix Super Markets, Inc.
Chief Executive Officer, Director and Member of Executive Committee
Chief Financial Officer, Principal Accounting Officer and Treasurer
Director, Chairman of the Board-Publix Super Markets Charities Inc and President of Publix Super Markets Charities Inc
Chief Information Officer and Senior Vice President
Compensation as of Fiscal Year 2015.
Publix Super Markets, Inc. Key Developments
Publix Super Markets Inc. to Open Concord Store
Nov 3 15
Publix Super Markets Inc. is planning the opening for its Concord store on December 2, 2015. The 49,100-square-foot store will open at 7 a.m. at the Willow Oaks Crossing shopping center at 5015 Weddington Road. The Lakeland, Fla.-based grocer has been in expansion mode across the Charlotte area since opening its first N.C. store in Ballantyne in February 2014.
Publix Super Markets, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months of 2015
Nov 2 15
Publix Super Markets, Inc. reported unaudited earnings results for the third quarter and nine months of 2015. For the quarter, the company reported sales of $7.8 billion, a 6.3% increase from last year's $7.4 billion. Comparable-store sales were increased 4.2%. Net earnings were $412.3 million, compared to $384.2 million in 2014, an increase of 7.3%. Earnings per share were increased to $0.53, from $0.49 per share in 2014.
For the nine months, the company reported sales of $24.1 billion, a 6.4% increase from last year's $22.7 billion. Comparable-store sales were increased 4.5%. Net earnings were $1.4 billion compared to $1.3 billion in 2014, an increase of 12.6%. Earnings per share were increased to $1.86 compared to $1.64 per share in 2014.
Publix Announces Executive Changes
Oct 8 15
Publix announced that David Bridges, Vice President of Fresh Product Business Development, announced his decision to retire January 1, 2016, after 49 years of service to the company. Bridges’s career began in 1966 at store #0011, Lakeland, Florida, as a front service clerk. By 1981, he was promoted to store manager and in 1987 he became a district manager. In 1994 he was promoted to Lakeland Division regional director and to Vice President of Retail Business Development in 2000. In 2001 Bridges was named Vice President of Fresh Product Business Development where he has served for the last 14 years. Upon Bridges’s retirement, Atlanta Division Regional Director Chris Litz will be promoted to Vice President of Fresh Product Business Development. Litz began his Publix career in 1987 at store #0123, in Sarasota, Florida as a stock clerk. He worked various positions before becoming a store manager in 1995 and Lakeland Division district manager in 2000. He was promoted to director of warehousing in 2007 and his current position in 2010. At the same time, this position will realign to report to Senior Vice President Dave Bornmann.
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