Publix is one of the largest and most respected supermarket chains in the United States. If you’ve ever wondered who owns Publix, you’re not alone. Its ownership structure is unique compared to most major retail companies, and that’s part of what makes it stand out.
History of Publix
Publix Super Markets was founded in 1930 by George W. Jenkins in Winter Haven, Florida. It started as a single store but quickly gained popularity for its clean stores and strong customer service. Jenkins was a former employee of Piggly Wiggly who decided to start his own grocery business. During the 1940s and 1950s, Publix expanded rapidly, opening more stores across Florida.
Over the decades, Publix grew from a small chain into a powerhouse in the southeastern U.S. Its success came from a focus on customer satisfaction, community engagement, and employee ownership. Today, it operates over 1,300 stores in several states.
Who Owns Publix: Major Shareholders
Publix Super Markets, Inc. is a privately held company with a unique ownership structure that combines employee ownership with significant family involvement. As of 2025, the company’s ownership is divided among several key groups, each playing a vital role in its governance and success.
Here’s an overview of the major shareholders of Publix as of 2025:
| Shareholder | Role/Title | Estimated Shares Owned | Ownership Type | % Ownership |
|---|---|---|---|---|
| Employee Stock Ownership Plan (ESOP) | Company-wide employee ownership plan | 766,000,000+ | Institutional (Trust) | ~23.1% |
| Publix 401(k) Retirement Plan | Retirement investment plan for employees | 302,000,000+ | Institutional (Plan) | ~9.1% |
| Jenkins Family | Founding family (collectively) | ~660,000,000+ | Private (Family-held) | ~20% |
| Randall T. Jones, Sr. | Executive Chairman | 65,000+ | Executive (Direct/Trust) | ~0.002% |
| Kevin S. Murphy | Chief Executive Officer | 41,613 | Executive (Direct) | ~0.0013% |
| David P. Phillips | Chief Financial Officer | 372,701 | Executive (Direct) | ~0.0113% |
| Laurie Z. Douglas | CIO & Chief Digital Officer | 87,197 | Executive (Direct) | ~0.0026% |
| Jennifer A. Jenkins | Board Member (Jenkins family) | 1,473,769 | Family/Director | ~0.045% |
| Jessica L. Blume | Director | 7,000 | Board Member | ~0.0002% |
| Stephen M. Knopik | Director | 26,000 | Board Member | ~0.0008% |
| David E. Bornmann | Senior Vice President | 158,467 | Executive (Direct) | ~0.0048% |
| Mark R. Irby | Director | 115,286 | Board Member | ~0.0035% |
Employee Stock Ownership Plan (ESOP)
The ESOP is a cornerstone of Publix’s ownership model. Established to empower employees, the ESOP holds a substantial portion of the company’s shares. As of the latest filings, the ESOP owns approximately 766 million shares, representing about 23.1% of the total outstanding shares. Employees participating in the ESOP have the right to vote on corporate matters, and the plan is managed by a committee of trustees who oversee its operations.
401(k) Retirement Plan
In addition to the ESOP, Publix offers a 401(k) retirement plan that includes company stock as an investment option. As of December 2024, the 401(k) plan held approximately 302 million shares of Publix stock. This plan allows employees to invest a portion of their earnings into company stock, further aligning their interests with the company’s performance.
Jenkins Family
The Jenkins family, descendants of founder George W. Jenkins, remains deeply involved in Publix’s ownership and governance. They collectively own a significant minority stake in the company, estimated at around 20%. Family members have historically held key positions within the company, including roles on the board of directors and executive leadership. Their continued involvement ensures that the company’s founding principles and values are upheld.
Directors and Executive Officers
Publix’s directors and executive officers also hold shares in the company, contributing to its overall ownership structure. Collectively, they have sole or shared voting and investment power over a substantial number of shares. This group includes individuals who have been instrumental in the company’s strategic decisions and long-term planning.
As of February 1, 2025, this group collectively owns approximately 6.9 million shares, representing about 1.02% of the company’s outstanding shares as discussed below:
Randall T. Jones, Sr. – Executive Chairman
Randall T. Jones, Sr. serves as the Executive Chairman of Publix. He began his career with the company in 1980 and has held various leadership positions, including CEO from 2016 to 2023. As of January 2025, Mr. Jones owns over 65,000 shares directly, with additional indirect holdings through trusts and retirement plans.
Kevin S. Murphy – Chief Executive Officer
Kevin S. Murphy was appointed CEO of Publix on January 1, 2024. He started his career at Publix in 1984 and has held several key positions, including President from 2019 to 2023. As of February 1, 2025, Mr. Murphy owns 41,613 shares of Publix stock.
David P. Phillips – Chief Financial Officer
David P. Phillips has been Publix’s CFO since 2016. He also serves as a Trustee of the ESOP Committee. As of February 1, 2025, Mr. Phillips owns 372,701 shares of Publix stock.
Laurie Z. Douglas – Chief Information Officer
Laurie Z. Douglas serves as Publix’s Chief Information Officer and Chief Digital Officer. She has been with the company since 2006. As of February 1, 2025, Ms. Douglas owns 87,197 shares of Publix stock.
Jennifer A. Jenkins – Board Member
Jennifer A. Jenkins, a cousin of founder George W. Jenkins, serves on Publix’s board of directors. As of February 1, 2025, she owns 1,473,769 shares of Publix stock.
Additional Directors and Officers
Other notable members of Publix’s leadership team include:
- Jessica L. Blume – Director, owning 7,000 shares.
- Stephen M. Knopik – Director, owning 26,000 shares.
- David E. Bornmann – Senior Vice President, owning 158,467 shares.
- Mark R. Irby – Director, owning 115,286 shares.
Who is the CEO of Publix?
As of January 1, 2024, Kevin S. Murphy serves as the Chief Executive Officer (CEO) of Publix Super Markets, Inc. He succeeded Todd Jones, who transitioned to the role of Executive Chairman of the Board.
Kevin S. Murphy’s Career Path
Kevin Murphy began his career at Publix in 1984 as a front service clerk in Margate, Florida. Over the years, he progressed through various roles:
- 1995: Promoted to Store Manager
- 2003: Advanced to District Manager
- 2009: Became Regional Director
- 2014: Appointed Vice President of the Miami Division
- 2016: Elevated to Senior Vice President of Retail Operations
- 2019: Named President of Publix
- 2024: Assumed the role of CEO.
Murphy’s journey reflects Publix’s tradition of promoting from within, emphasizing dedication and a deep understanding of the company’s operations.
Leadership Style and Responsibilities
As CEO, Murphy oversees Publix’s strategic direction, operations, and growth initiatives. His leadership is characterized by a commitment to employee development, customer satisfaction, and community engagement. Under his guidance, Publix continues to expand its footprint while maintaining its reputation for quality and service.
Board Membership and Recognition
In April 2024, Murphy was elected to Publix’s Board of Directors, further solidifying his role in shaping the company’s future. Throughout his tenure, he has received notable accolades, including the George W. Jenkins Award in 2000 and the President’s Award in 2007, recognizing his contributions to the company’s success.
Previous CEOs of Publix
Publix has a history of leaders who have risen through the company’s ranks:
- Todd Jones (2016–2023): Started as a front service clerk in 1980 and became the first non-family CEO.
- Ed Crenshaw (2008–2016): Grandson of founder George W. Jenkins, he led the company through significant growth.
- Howard Jenkins (1990–2001): Son of the founder, he expanded Publix’s presence beyond Florida.
Annual Revenue and Net Worth of Publix
Publix achieved total sales of $59.7 billion in 2024, marking a 4.6% increase from the previous year’s $57.1 billion. This growth was primarily driven by new store openings and a 2.9% rise in comparable store sales, reflecting the company’s strategic expansion and strong customer loyalty.
Net earnings for the year reached $4.6 billion, up 6.6% from $4.3 billion in 2023. Earnings per share increased to $1.41, compared to $1.31 in the prior year, indicating improved profitability and operational efficiency.
In early 2025, Publix’s stock price was set at $19.20 per share, reflecting a 26% increase over the past year. This valuation places the company’s market value at approximately $62 billion, surpassing major competitors like Kroger and Target.
Publix’s financial strength is further evidenced by its solid balance sheet, featuring no debt and substantial assets, including real estate and investment portfolios. As of 2024, the company reported assets totaling $37.6 billion and equity of $27.43 billion, highlighting its financial stability and capacity for sustained growth.
Here is a detailed table showing Publix’s historical revenue and estimated net worth over the last 10 years, from 2015 to 2024:
| Year | Annual Revenue (USD) | Net Earnings (USD) | Estimated Net Worth / Equity (USD) | Stock Price (End of Year) |
|---|---|---|---|---|
| 2024 | $59.7 billion | $4.6 billion | $27.43 billion | $19.20 |
| 2023 | $57.1 billion | $4.3 billion | $25.43 billion | $15.10 |
| 2022 | $54.5 billion | $4.4 billion | $22.78 billion | $13.19 |
| 2021 | $48.0 billion | $4.4 billion | $17.87 billion | $13.00 |
| 2020 | $44.9 billion | $4.0 billion | $15.33 billion | $61.30 (pre-split) |
| 2019 | $38.1 billion | $3.0 billion | $13.1 billion | $47.10 |
| 2018 | $36.1 billion | $2.4 billion | $11.4 billion | $42.55 |
| 2017 | $34.6 billion | $2.3 billion | $10.2 billion | $41.40 |
| 2016 | $34.0 billion | $2.0 billion | $9.1 billion | $39.05 |
| 2015 | $32.4 billion | $1.9 billion | $8.7 billion | $39.05 |
Companies Owned by Publix
As of 2025, Publix Super Markets, Inc. operates a diverse portfolio of brands and subsidiaries that enhance its core grocery business and cater to various customer needs.
Here’s an overview of the major companies and brands under the Publix umbrella:
| Company/Brand | Description | Focus | Year Established |
|---|---|---|---|
| GreenWise Market | Specialty grocery stores focused on natural and organic products. | Health-conscious and organic products | 2007 |
| Aprons | Cooking classes, recipes, and meal prep solutions, both in-store and online. | Meal preparation and cooking education | Early 2000s |
| Presto! | Publix’s proprietary ATM network offering surcharge-free cash withdrawals. | ATM services | 1980s |
| Publix Pharmacy | Full-service pharmacy with prescriptions, over-the-counter medications, and health services. | Healthcare and prescriptions | 1986 |
| Publix Premium | A line of high-quality gourmet and specialty grocery items, including artisanal products. | Premium and upscale grocery items | 2000s |
| Publix Deli | A deli offering prepared foods, sandwiches, rotisserie chickens, and more. | Ready-to-eat meals and deli products | 1980s |
| Publix Bakery | Bakery offering fresh-baked goods, including breads, cakes, and pastries. | Baked goods and desserts | 1980s |
| Publix Sabor | Former brand targeted at Hispanic communities, with Latin American products and bilingual services. | Latin American foods and services | 2000s (phased out in 2023) |
| PIX | Former convenience store and gas station chain offering snacks, beverages, and fuel. | Convenience store services | Early 2000s (discontinued in 2014) |
| Crispers | Former fast-casual restaurant chain offering salads and sandwiches with a health-conscious focus. | Fast-casual dining with a health-conscious menu | 2002 (sold in 2011) |
GreenWise Market
GreenWise Market is Publix’s specialty grocery store concept focusing on natural and organic products. Launched in 2007, these stores offer a curated selection of items free from artificial preservatives, colors, and flavors. GreenWise Markets are designed to appeal to health-conscious consumers seeking organic produce, sustainably sourced meats, and wellness products. The stores also feature prepared foods, salad bars, and smoothie stations, providing convenient options for customers.
Aprons
Publix Aprons is a brand that offers cooking classes, recipes, and meal preparation solutions to help customers cook at home with ease. Introduced in the early 2000s, Aprons provides in-store cooking demonstrations and online resources, including instructional videos and recipe cards. While standalone Aprons cooking schools were phased out by mid-2023, the brand continues to offer online content and in-store meal kits, making home cooking more accessible.
Presto!
Presto! is Publix’s proprietary ATM network, offering surcharge-free cash withdrawals to customers. Established in the 1980s, the network includes over 1,350 ATMs across Publix’s operating regions. Presto! ATMs are located in-store and provide convenient access to cash for shoppers, enhancing the overall customer experience.
Publix Pharmacy
Publix Pharmacy is an integral part of the supermarket chain, providing prescription medications, over-the-counter drugs, and health consultations. Introduced in 1986, the pharmacy services have expanded to include immunizations, health screenings, and medication therapy management. Publix Pharmacy is known for its customer service and has consistently ranked high in customer satisfaction surveys.
Publix Sabor
Publix Sabor was a specialized store format aimed at serving Hispanic communities, primarily in South Florida. These stores featured bilingual staff, Latin American products, and culturally relevant services. While the Sabor branding has been phased out, Publix continues to incorporate diverse product offerings in its standard stores to cater to multicultural customer bases.
PIX
PIX was a convenience store and gas station concept operated by Publix, launched in the early 2000s. The stores offered fuel, snacks, and basic grocery items. However, due to strategic realignments, Publix sold its PIX locations in 2014 and exited the convenience store market.
Crispers
Crispers was a fast-casual restaurant chain specializing in salads and sandwiches, emphasizing health-conscious menu options. Publix acquired a stake in Crispers in 2002 and took full ownership in 2007. In 2011, Publix sold Crispers to Healthy Food Concepts, LLC, as part of its focus on core supermarket operations.
Publix Premium
Publix Premium is a line of gourmet and specialty items offered by Publix. This brand includes a variety of products such as artisanal cheeses, organic snacks, and international delicacies. Publix Premium aims to provide high-quality products at competitive prices, catering to customers seeking upscale grocery items.
Publix Deli
The Publix Deli is a key component of the supermarket, offering a selection of prepared foods, including sandwiches, salads, soups, and rotisserie chickens. Known for its quality and convenience, the deli is a popular destination for customers seeking ready-to-eat meals.
Publix Bakery
Publix Bakery provides a variety of fresh-baked breads, pastries, cookies, and cakes, made from scratch daily. The bakery is renowned for its quality products, including the popular Chantilly cake, and offers custom cake services for special occasions.
Final Thoughts
If you’re asking who owns Publix, the answer is clear: its employees and the Jenkins family. The company’s private, employee-owned structure is rare in modern business. It has helped Publix remain customer-focused and financially strong for nearly a century. With continued growth and a loyal workforce, Publix stands out as a model of sustainable success in the retail industry.
FAQs
Can the public buy Publix stock?
No. Publix stock is not available to the public. Only employees and board members can buy shares, and they must sell them back to the company when they leave.
Is Publix still family-owned?
Partially, yes. The Jenkins family still owns a significant minority stake and maintains influence over the company. However, most of the company is owned by employees.
Who owns the majority of Publix?
The majority of Publix is owned by the Owens family, particularly the heirs of George W. Jenkins, the founder of Publix. The Jenkins family controls the largest percentage of the stock, although much of it is privately held by employees. As of 2025, the Jenkins family holds a significant but not majority stake, and the company remains employee-owned.
Is Publix owned by Target?
No, Publix is not owned by Target. Publix is a private company and operates independently from Target. Publix is owned by its employees and the Jenkins family, with stock distributed through employee stock ownership plans (ESOP).
How rich is the Publix family?
The Jenkins family, which founded Publix, is among the wealthiest families in the U.S. As of 2025, the family is estimated to have a net worth of over $25 billion. The family’s wealth comes primarily from their significant stake in Publix, making them key shareholders in the supermarket giant.
What percentage of Publix does an employee own?
As of 2025, Publix employees own approximately 80% of the company through its Employee Stock Ownership Plan (ESOP). The remaining 20% is privately held by the Jenkins family and other investors.
Which city has the most Publix?
The city with the most Publix stores is Lakeland, Florida, where the company was founded. Lakeland has a substantial number of Publix locations due to its historical significance and the company’s headquarters being located there.
Is Publix only in the US?
Yes, Publix operates only in the United States. As of 2025, Publix has stores primarily in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina, and Virginia, with plans for expansion within the U.S.
Why is it called Publix?
The name “Publix” was chosen by George W. Jenkins, the company’s founder. He wanted a name that would be synonymous with a public gathering place, reflecting his vision of a store that would serve the community and offer high-quality service. “Publix” was selected to embody a public or community-oriented store.
Is Publix Jewish owned?
No, Publix is not Jewish-owned. The company was founded by George W. Jenkins, a Christian, and remains owned by the Jenkins family and its employees. The company operates with a strong focus on customer service, quality, and community but has no religious ownership affiliation.
Is Publix owned by Kroger?
No, Publix is not owned by Kroger. Publix is an independent company and a major competitor to Kroger in the grocery sector. Publix operates as a privately held company with employee ownership, while Kroger is a publicly traded company.
How many Publix stores are there?
As of 2025, Publix operates over 1,350 stores across seven southeastern U.S. states. The company has steadily expanded its footprint, particularly in Florida, and continues to grow each year.
Is the first Publix store still open?
The first Publix store was opened in 1930 in Winter Haven, Florida. While the original store is no longer in operation as it was, the site is now a historical landmark. Publix continues to thrive with its modern store designs, but the original store location has since been replaced and re-developed.