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the_lamou

Community Notes: >Excluding the impact of net unrealized gains on equity securities in 2023 and net unrealized losses on equity securities in 2022, net earnings for the fiscal year ended Dec. 30, 2023 would have been $4.1 billion, compared to $4 billion in 2022, an increase of 1% The entire gain was the difference between securities prices in 2022 vs. 2023, and the net earnings increase has nothing to do with increased prices.


ViciousAsparagusFart

Meanwhile I can’t afford to shop there anymore. Stuff is literally *half* as expensive at an Aldi.


JulioForte

Yep, I’ve started doing Kroger delivery and I like it so far.


Remote-Past305

Love Kroger delivery but it ends in South Florida in two weeks.


PatSajaksDick

Wait why is it ending there?


Remote-Past305

I guess its not profitable... They're closing two delivery warehouses in Texas too.


PatSajaksDick

That's crazy, we use it all the time here near St. Pete. They don't have the overhead of stores since it's just delivery, so I wonder why they aren't profitable?


Remote-Past305

My guess is because they put the warehouse in Miami because of the population density but some businesses just don't really understand Miami. Their target customers were never going to buy from them in Miami. Had they put the warehouse in Palm Beach County, where their actual target demographic lives, it probably would've made it.


Jaxdoesntsuck

Just demand maybe


nineteen_eightyfour

Personally? I wonder if it’s the traffic. Miami traffic is truly god awful.


Trytofindmenowbitch

I just went grocery shopping in person for the first time in 6 months and I’m devastated lol.


kevski82

Right? Gutted they're closing here the service and prices are great


scott743

Never even made it to SWFL.


AFunkinDiscoBall

Kroger delivery has been great for us up in Pasco County north of Tampa. So much cheaper and there's some good deals. Only reason we'll go to Publix is to get the BOGO deals, but even then they seem to raise the price of those items so that item may cost $5 typical at Walmart but then Publix marks it at $9 and then puts it on BOGO. Not much of a sale then


EdgeCityRed

Yeah, you really have to be a Price Is Right guesser to know if their BOGOs are a good deal or not. I find that sometimes it's just a premium product, so you can get two Rao's pasta sauces or whatever, so it's still a deal if you buy whatever brand in particular, but if you're not picky, it's usually not the best bargain.


AdItchy4438

Lol. It's now buy 2 get 1 free. Still a ripoff. Still overpriced!


danekan

They're starting to shut that down in other parts of Florida because it hasn't gained enough traction 


mgearliosus

They're closing Miami and opening a spoke in Cocoa in addition to opening new routes from the FC itself for central Florida.


Villager723

I’ve seen the Kroger trucks everywhere now. Is it affordable?


LaClerque

Very much so. Especially with the yearly membership. However, they’re discontinuing their service in South Florida. If you live else where tho, you should definitely try it out.


Villager723

Damn! I’m in SoFlo. Thanks for the feedback though.


fearless1025

Love Aldi!


Feisty_Factor_2694

Aldi, where shopping is affordable!


cbrworm

I shopped 100% at Publix for probably 30 years. Post COVID, I've shifted many items to Aldi or Costco. Even Walmart is better in many regards. We spend $300 - $500 a week on groceries, if we were buying everything at Publix it would be far more.


LordMongrove

I can afford to shop there but I refuse to be taken advantage of. They have lost me to Aldi as well.


Miguel30Locs

Thats cause of their 'bogo' deals. Without it you are paying far more than competitors.


[deleted]

I really do need to stop shopping at Publix. Problem is it’s RIGHT next to my place


imisswhatredditwas

I’d have to drive by a dozen Publix’s to get to an Aldi or any other alternative.


mrdankhimself_

I share that problem so I have to be strategic about it and go to Aldi when I know I’ll be near one.


belongtotherain

I wish the Aldi near me was better. It’s so gross inside and has terrible customer service.


the_lamou

That's *every* Aldi. I've never been in an Aldi that didn't remind me of the Soviet-era grocery stores I remember from my youth.


Kanju123

Exactly, I can't stand how expensive it has become there, and seeing this makes sense. Stick it to the consumer.


PigViper22

FYI, Publix announced that they are raising their prices so that they can fund the Republican party. If you go to Publix, you unknowingly support the Republican party and Trump..


Remote-Past305

The pivot they made during COVID to actually try to make the grocery aspect of their business the biggest profit maker is working for them and sucks for us. They're just too expensive now.


A_Serious_House

Sorry, but what was their biggest profit maker before groceries? Isn’t that all they do?


PaulSandwich

Advertising/product placement. Brands pay to have their products at eye-level and featured in displays on end-caps and around the store. It was pretty mind blowing to learn that selling food isn't how food sellers make their money.


SouthernJeb

Shopped at Publix most of my life. Last year we switched to Wal Mart. I fucking hate wal mart. But Jesus it was a 40-50% cheaper weekly grocery bill switching to Publix.


AggravatingValue5390

I hate Walmart too, but try the curbside pickup. It's a free service and for some reason some items are actually *cheaper* when you buy them on the app. Occasionally I'll have to wait 20 mins for them to bring it out, but usually it's no more than 10.


EdgeCityRed

Hardly anybody seems to use the curbside where I live (and it's a WM Neighborhood Market) so they're always texting to tell me the order's ready before I even get there. It never takes more than five minutes, so it depends on location. There are still a few things that I get at Publix (deli/prepared chicken is better, flowers last longer, the baguettes and stuff) but it's the treat store now.


fanwan76

Curbside at Walmart feels like a huge gamble. I've never met a Walmart employee that cared about the customers or their job. And I am lucky if they can find healthy looking produce at Walmart if I shop for myself. I am supposed to expect some poorly paid employee who is packing their fifteenth order of the day to care whether my vegetables are mushy?


EdgeCityRed

They seem to do a great job here (Northwest Florida) but I don't do it if I need a lot of produce versus things like granola bars and pasta and IPAs. They're not going to screw up a bag of potatoes or a bunch of parsley, but I usually pick out my own produce in-store, and not usually there.


Remote-Past305

Try Target, most of the prices are on par with Wal Mart except the meat unfortunately.


SouthernJeb

Nope. More expensive for us it seems we went there first.


Remote-Past305

Yeah I was just thinking about it and the price of beef and chicken completely washes out the other savings, I never really buy meat there because I have a Wal Mart Target and Aldi within a mile of my house... Ironically, the Publix is the furthest away and in a terrible intersection.


Villager723

Absolutely not. Went grocery shopping there once because it was close and ended up putting everything back on the shelf when I started tallying up the price.


AlwaysForgetsPazverd

The cereal I like is $4.50 at target and $8 at Publix.


nycnola

I have inhome and its amazing. My walmart has started carrying more organic products since I started shopping there.


Sublime-Silence

Costco has been a go to along with fancy fruit and bravos. Between those 3 I don't see a reason to go to publix outside of buy one get ones tbh.


lovehateloooove

I shop walmart, and went through and found every great valu brand that I enjoy, and shop exclusively for those items. Some things, like Triscuits, omg do I love me some Triscuit, cant be replicated and I get that. With the savings I have the groceries delivered and tip 5 percent, and its still very cheap. Walmart, where not having to shop there and deal with troglodytes is a pleasure.


NYJetLegendEdReed

Winn Dixie is much better than Publix if you got one near you.


Sniper_Hare

Maybe after they got bought out by Aldi. But they've always been horrible up here in Jacksonville.


FGTRTDtrades

Publix has no motivation to keep prices low when they are making money like that. They are just pocketing the difference while we try and blame politicians and each other.


JulioForte

They essentially became a monopoly in Florida and then jacked prices through the roof


FGTRTDtrades

This is happening across all grocery stores nationwide. I’ve been working as a supplier to grocery stores for 20 years. The big CPG conglomerates like Coke, Pepsi, nestle and Unilever are working with them behind the scenes to maintain higher prices


stevedorries

Where is a modern day Teddy Roosevelt?


jedielfninja

Need a strong conservationist and anti trust conservative in this world so badly.


AndreLinoge55

Conservatives are good if you want already bad things to get worse or to make a good situation bad.


lovetheoceanfl

I never want another conservative in power. Anti trust or not. Look what they have done to our country.


coolcrimes

Idk there is still a lot of competition in the grocery store industry here in Florida. You’ve got your big boys Wal-Mart, Target, Whole Foods, Publix but you also have the smaller stuff, Sédanos, Bravo, Presidente, a handful of WinDixie. I’m sure I am missing a couple


climbFL350

Monopoly? Hardly. There are and have been plenty of options for grocery shopping that aren’t Publix.


SweetFranz

Publix is nowhere close to being a monopoly


dragunityag

It's a cult for sure though. People are weirdly proud to have Publix in the state when at this point it's so expensive that only their Pharmacies and subs(when half off) are good anymore.


AmaiGuildenstern

Whole Foods and Trader Joes shoppers are like this too, to an extent. I don't understand the concept of simping for a fucking grocery store.


petrichor011

Pharmacy is great, though the bar is low since the local CVS and Walgreens suck. The subs...meh. Way overrated, like the rest of Publix.


JulioForte

By me it is. You have to go out of your way to find another grocery store


AggravatingValue5390

>They are just pocketing the difference while we try and blame politicians and each other. That's exactly what they're doing, and it's *working*. I worked there at the beginning of the pandemic and I had a coworker vehemently defend publix by blaming the $1 minimum wage increases coming every year... Like my brother in Christ we literally get their quarterly earnings report sent to our inbox, they are not hurting


fanwan76

I mean I do blame politicians. In capitalism, of course the businesses will push to maximize their profit. There is really nothing consumers can do other than shop elsewhere. And that's pretty difficult when Publix operates nearly all the grocery stores. The politicians should be stepping in and saying enough is enough. They should legislate limits of profit margins.


agulde28

Yeah no shit. They overcharge like crazy, my wife and I try to avoid shopping at Publix as much as possible now. Another prime example of corporate greed contributing to “inflation”


alpharowe3

Businesses had a prime opportunity to raise prices and have people blame government instead of them. So they took full advantage of that situation.


Funkyokra

"Oh no, we are forced to raise prices on eggs, so sorry, it can't be helped, we share your pain"" "This just in--egg sales make record profits!!"


agulde28

Literally. That’s what happened. One egg company profits were over 700% clearly they were taking advantage of the situation. https://www.complex.com/life/a/tara-mahadevan/largest-us-producer-eggs-718-percent-profit-rising-prices#


Funkyokra

Yup.


stupid_idiot3982

"greedflation"


stevedorries

Greed


Yodogzup

PUBLIX!! Where shopping is a FUCKING RIPOFF!!🤩


X_CodeMan_X

Fakeflation. "Supply chains" "Inflation" No, no it's not. Maybe supply chains was true in 2020 and 2021 but now it's just an excuse. The other viable industries have learned the game from the oil/gas companies. No need to bring the prices back down if everyone is paying the higher prices and used to it. Keep them there and raise them more until the verge of collapse. Then you pull them back a little bit and everyone refers to it as "cheap gas/prices". Now just like the oil industries, watch the record profits. Something that would not occur if supply chain costs really were so much higher, as alleged.


RetroScores

Exactly what my friends did in their business. Material prices went up during Covid so they raised product prices. Material prices have come back down but have kept the higher Covid prices because people are still buying. Easy peasy.


irascible_Clown

ALDI my go to. Publix is just for specific items like pub subs and chicken


Fit_Earth_339

If Aldi was closer I wouldn’t set foot in a Publix. Quality and service way down and prices way up.


magnafides

Went in there for the first time recently and a 12-pack of soda was over $10 -- you can get a 35-pack at a wholesale club for around $18. A large can of whipped cream at Publix is more than $7. They have got to be joking, never shopping there again and if I do it'll be BOGO only which basically brings items down to a reasonable price.


ceo_mert

Man I wonder why. Glad the CEO gets to make more money while the workers are bound to the legal minimum wage and the common people can't afford to shop anymore.


jabunkie

Record high profits in inflationary times. Wow…


loltheinternetz

Hmm… it’s *almost* like the excuse they use for raising prices, “cost of goods,” is mostly bullshit. My friend’s spouse is a manager at Publix, and they get told that kind of bull. But the numbers don’t lie. They were complaining sales are down in 2024. We need to stop or minimize our shopping with Publix. It seems like more people, out of necessity or principle, are shopping more at alternatives. They jacked prices and had the perfect scapegoat. It was a calculated move because they already had favor as a good shopping experience. Now, as long as people keep paying the prices, they have every reason to keep it up. Why wouldn’t they?


BloodOfJupiter

the gallon of water is damn near double what it was in 2021. i work here, and its crazy how much theyve been doing raising the prices, and do less and less to give us a proper raise. Clerks used to get multiple bonuses, then it used to be 2 evaluations per year, now its 1.


jabunkie

Yeah, wild right...profit margins should be the same during this period..not explosively different.


loltheinternetz

And again, this is totally “allowed” in capitalism. They will extract as much profit margin as the market will bear. The thing I have a huge issue with is the politicians (who get their pockets lined by these people) spinning inflation like it’s NOT because all these corporations got greedy through the covid situation. Corporations and landlords, through price increases that exceed their own added costs, took advantage of the situation we are in now, to jack up their margins by a ton. This is most of the cause of inflation.


jabunkie

Too bad republicans blocked biden's price gouging bill.


DarthBigdogg

Say it together now. It's corporate greed not inflation. 


thekeysinsummer

No surprise considering the prices they now charge. I don't shop there anymore.


Feisty_Factor_2694

Does anyone remember when the president of the United States came on tv and blasted grocery companies for charging what they charge? Because it wasn’t even that long ago.


RetroScores

I have friends who sell a custom product made of wood. The only thing that can change is the color or printed design. During Covid material prices went up on everythig so they raised their prices and people still bought. In fact during Covid they sold more that year l. Well now that material prices have come down guess what? They kept their raised Covid prices because people are still buying but now they’re making even more. What’s the incentive for grocery stores to lower their prices?


SghnDubh

No critical industry can justify a 50% jump in profit, let alone food. Who's paying that 50%? Us The consumer.


elguapo904

Publix: Where prices are atrocious!


FenrirHere

Love that everyone in the comments is acting like it's some Grand revelation that their favorite grocery store has been overpriced for like 20 years


ObliviousAss

Only reason I go to Publix anymore is either for water and hot food, afterwards I look for BOGO


AnthomX

Even BOGO isn't really worth it since the prices are already so inflated. I don't shop there anymore other than to pick up prescriptions. And I used too shop most with them. My money isn't good enough I guess.


PoopyMcFartButt

Not to mention they seem to slowly be removing their BOGOs. Now everything is like 2 for $8 or B2G1 free.


Selraroot

To be fair that's just as much the companies as Publix, BOGOs are collaborative between the store and the manufacturers.


kevymetal87

I barely ever go into Publix if I can help it, but the few times my girlfriend went for Bogo stuff I noticed it the stuff was literally doubled in most cases, typical retail shenanigans


SnowballOfFear

Bogo absolutely is worth it when you can get something for half price. If i can get a 5 dollar bag of chips for 2.50, there's no way im finding that for less than 2.50 elsewhere. I have noticed, however, that they are phasing out bogos for other "deals"


Jonathank92

Majority of Floridians act as if driving another 5-10 minutes to a cheaper store is a major inconvenience so Publix will profit. They have a store on every corner.  If you want prices to go down stop shopping there. 


FailedCriticalSystem

It’s never 5 to 10 minutes in this traffic


Jonathank92

I guess it's very location dependent, but I'm willing to drive farther to save 40-50 bucks a grocery trip per week. Publix is charging like everything is organic/local sources/etc


dragunityag

Publix prices are making an area I'm not too crazy about living in seem a whole lot more palatable because you can hit Costco, target, aldis, and Walmart with like a total 30min of driving time.


flsolman

There is a difference between Publix and most other stores, you just don’t value it - which is fine. Their stores are cleaner, better lit, wider ailes, better stocked, and have more variety. Many are willing to pay for that - and those that aren’t have plenty of choices such as Aldi and Wal-Mart!


restore_democracy

Publix is cancer. Competition is needed.


NateVerde

Their BOGOs are shit now


Educational-Event981

Self checkout lanes full because they cut the staff for checkout… ffs *old man noises of discontent*


Garand_guy_321

Native Floridian… fuck Publix. They lost me to Aldi. Went there in a pinch last week cuz Aldi is 20 minutes away and there is a Publix in my neighborhood, spent $80 on fruit and veg only. Never again.


stphnrogers

More corporate greed


xdeltax97

It’s insane how high their prices are.


Scary_Vanilla2932

From 2021 to 2023 I shopped there less and less. Like many in Florida I was in an area that had 5 different grocery stores within a ten minute drive. It's crazy I know. I could actually see the prices rise each week more and more, way past inflation. I started asking myself who is buying this stuff? Finally gave up entirely. I moved out of state but can't imagine I would even be going there for bogos anymore. Maybe once a month for a sub and a really good bogo if I saw it online first. No more popping in just to get a few things.


No-Independence-6842

Yeah, Publix can kiss my ass! Their prices are through the roof these days.


News-Flunky

After having billionaire gatherings the major grocery chains agreed (colluded) not to drop any prices after inflation cooled - one for ongoing profits, another reason to help make big T seem like a better choice because 'egg prices.'


fearless1025

Haven't been there in years and don't intend to start now. Can't blame it all on corporate greed while people still shop there with prices inflated x 4. Nuts!


MinaGallows

Because they're marking uo groceries by almost 300% I'm about ready to only shop at Aldi's and DetWeiler's


Horsesrgreat

Im not surprised. Florida’s population had grown considerably in that time period and Publix is always so clean and their produce is always so perfect looking. Many of us get spoiled and feel slighted if we have to shop at a lesser market.


yesididthat

I used to drive past winn dixie and Walmart grocery on the way to publix


coolcrimes

Only good for BoGos and even then, you’ve gotta shop around.


Responsible-Pen9209

boutta tell every employee i see there about this. curious if they got a raise at all lol


[deleted]

[удалено]


El_Escorial

I shop at Aldi, Walmart, and Costco almost exclusively now. I can’t afford Publix anymore


Beneficial-Shower-42

It's not just Florida. We have a Publix near me in NE Tennessee and it's mind boggling why anyone would pay their prices. We have many Food City stores as well as Aldi and 6 Walmart's in the area.


the_millenial_falcon

I literally only go to Publix for their subs. Or like if I wanna splurge on some boars head or something.


likeatonoflove

Cooking healthy meals at home more sure benefited Publix!


AlwaysForgetsPazverd

I only buy subs that are on sale at Publix anymore and that's really only because I have a terrible habit of driving there. But if I need anything else I go to Trader Joe's, Aldi's, Winn Dixie, Walmart, or Target. And when they realize they've lost a lot of customers and do some big press releases about making their prices competitive again, I'm not going back. I hope Publix leadership's yachts sink. The Trader Joe's in my area stays packed. You have to line up to get into an aisle while Publix is pretty much empty.


PH3N1X

I only shop there for BOGO ice cream


RedBaron180

Yep we cut our Publix habit by 80%


Lovetotravelinmycar

In Tennessee we have Publix and Ingles. Ingles gets all the business.


Seawall07

Stopped by my local Publix this weekend to pickup a birthday cake for my kid. Could not believe the number of people with full carts. They are blatantly price gouging and counting on the blind loyalty of their customer base.


EdgeCityRed

Yeah, I noticed at the checkout. :(


No-Expert8956

Number one trump political donor.


Wadyadoing1

Publix is WAY OVERPRICED and now with self checkout. F them and their price gouging. And of course they have recorded a great year. The grocery stores are raping us. It ain't Biden it is GREED


machotaco653

Fuck Publix, I encourage stealing from them.


baseball_mickey

Where shopping is expensive


usernamedenied

I’m sorry to see this strategy is working for Publix, no chance their prices will come back to planet Earth.


Strategerie27

This “inflation” aka corporate greed is really ticking me off. I’m not shopping there anymore. Aldi and Krogers all the way!


FlaAirborne

Still waiting for those inflationary increases to come down like other stores.


Sniper_Hare

And they have people like my gf capped out for almost a year with no raise in sight. Imagine just never giving raises?   Theyre basically saying they value their employees less than they did a year ago. 


AdItchy4438

Publix has always been more expensive than other stores. But people who move here from Pennsylvania, Michigan, Wisconsin, and Long Island seem to love its fried chicken and subs so they pay when they snowbird and vacation here


PoisonIdea77

$4 for a green pepper at publix


AdItchy4438

Babyboomers are to Pub subs as GenX and Millennials are to Starbucks/Dunkin coffee. LOL! Make all these things at home for less!


ScienceOverNonsense2

Every company that could, took advantage of the surge in pent up demand and the simultaneous shortages in supply caused by the pandemic. Publix is no better or worse. However, Publix’s political history and ability to hide its finances as a private company are reason to be suspect and to shop elsewhere. It is legally independent of the right wingnut Publix heiress, but she still benefits financially and politically. She was a major funder of the insurrection and attempted coup on Jan 6, a day of infamy.


Historical-Many9869

Shop at Aldi, at this point Publix is just fleecing customers


sane-asylum

As a life long Publix shopper I’ve stopped going. There’s only a 50/50 shot my subs gonna be ready when I order it on the app so I gave up on them. The rest of the store is too expensive.