Publix Supermarkets has announced a five-for-one stock split to effectively increase the number of common shares from one to four billion. Publix is an employee-owned company and the share is not publicly traded, available only to employees and board members.

It is presumed that the change was made to facilitate the purchases of shares by those eligible and also reflects the increased benchmarked value of shares as established by the Board.

For fiscal year 2021, Publix attained sales of $48 billion, a 7 percent increase from FY 2020 with a comparable-same store sales increase of 5.4 percent.  Publix employs more than 230,000 in      1,300 stores in seven southeastern states.