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Publix ranks No. 1 on Fortune's list of World's Most Admired Companies in food and drugstores industry
Publix has been named on Fortune’s annual list of the World’s Most Admired Companies, ranking No. 1 in the food and drugstores industry for the third year in a row and No. 42 on the overall list.
Publix is committed to supporting the communities in which it operates. As a food retailer, the company believes it can make the greatest impact by feeding those in need. Due to the pandemic, the number of people who have turned to food banks for assistance has increased, and that need remains high. Over the last two years, Publix has donated nearly 400 million meals to help put food on the tables of people in need through its perishable recovery program, farmers and families initiative, and Feeding More Together campaigns.
Additionally, as an employee-owned company, Publix is devoted to the highest standards of stewardship for its stockholders. Since 2020, the company has opened 54 stores and hired thousands of new associates in its stores, manufacturing facilities and distribution centers to meet increased demand due to the coronavirus.
“Publix was built on the philosophy of doing the right thing, set by our founder, George Jenkins,” said Publix Director of Communications Maria Brous. “Because we’ve remained true to this philosophy and continue to operate by it more than 90 years later, Publix has continued to grow as a strong, healthy and vibrant company. We’re humbled to receive this accolade, especially during these challenging times.”
The list of the World’s Most Admired Companies is determined based on ratings calculated from thousands of businesspeople within each industry. Survey respondents are asked to rate companies in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and the ability to attract talent.
To read more about the company’s ranking and see the full list, visit fortune.com/worlds-most-admired-companies/2022.
