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CFO Sink Congratulates Publix on “Top Brand” Recognition

1/19/2010

CONTACT: Kyra Jennings or Kevin Cate, 850-413-2842 

TALLAHASSEE — Florida CFO Alex Sink today offered this statement following reports that Publix Super Markets, Inc. is rated the most highly valued brand among the 250 largest retail companies in the world:
 
“I congratulate Publix on this achievement, and thank them for all they do to create and sustain thousands of jobs in our state,” said CFO Sink. “It is essential that we continue to support entrepreneurs and businesses in Florida, so that more businesses are attracted to our state and are able to grow and flourish as Publix has.”
 
Publix Super Markets, Inc. is based in Lakeland, Florida, and more than 700 of Publix’s 1,012 supermarkets are located throughout the state. As the nation’s largest employee-owned supermarket chain, Publix generates $24 billion in annual revenues and employs more than 141,000 nationwide. Publix’s recognition as the most highly valued brand is based on Q ratios, which are calculated as the market value of a company divided by the replacement value of the firm's assets.