Publix Super Markets is expanding in its home state. The grocer will open six stores in Florida in April, along with a location in Alabama.
The new stores will range in size from 25,740sq ft to 54.964sq ft. Publix kicked off 2024 by entering its eighth state, Kentucky, opening a 55,701sq ft store at the Terra Crossing Shopping Center in Louisville. Five additional Publix stores in the Bluegrass State are in the works.
In other news, Publix said its board declared a quarterly dividend of 10.75 cents per share on its common stock. It will be paid on 1 May 2024. For its fiscal year ended 30 December 2023, Publix reported net earnings of $4.3bn, compared to $2.9bn in 2022. Sales rose 4.7 per cent to $57.1bn.
Publix is the largest employee-owned company in the US with more than 250,000 employees. It currently operates 1,361 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky.
